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Current as of January 02, 2025 | Updated by Findlaw Staff
Yes. Effective internal controls should include procedures:
(a) For the conduct of periodic inventories;
(b) To prevent loss or damage to property; and
(c) To ensure that property is used for an Indian tribe or tribal organization's self-determination contract(s) until the property is declared excess to the needs of the contract consistent with the Indian tribe or tribal organization's property management system.
Cite this article: FindLaw.com - Code of Federal Regulations Title 25. Indians § 25.900.54 Should the property management system prescribe internal controls? - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-25-indians/cfr-sect-25-900-54/
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