Control system to be maintained

24-17-102. Control system to be maintained. (1) Each principal department of the executive department of the state government listed in section 24-1-110 shall institute and maintain systems of internal accounting and administrative control within said department, which shall be applicable to all agencies within said department and which shall provide for: (a) A plan of organization that specifies such segregation of duties as may be necessary to assure the proper safeguarding of state assets; (b) Restrictions permitting access to state assets only by authorized persons in the performance of their assigned duties; (c) Adequate authorization and record-keeping procedures to provide effective accounting control over state assets, liabilities, revenues, and expenditures; (d) Personnel of quality and integrity commensurate with their assigned responsibilities; (e) An effective process of internal review and adjustment for changes in conditions. Source: L. 88: Entire article added, p. 897, � 1, effective July 1.