2024 Colorado Revised Statutes
Title 24 - GOVERNMENT - STATE (§§ 24-1-101 — 24-116-102)
ADMINISTRATION (§§ 24-1-101 — 24-19.9-103)
Article 17 - STATE DEPARTMENT FINANCIAL RESPONSIBILITY AND ACCOUNTABILITY (§§ 24-17-101 — 24-17-205)
Part 1 - STATE DEPARTMENT FINANCIAL RESPONSIBILITYAND ACCOUNTABILITY (§§ 24-17-101 — 24-17-104)
Section 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.

L. 88: Entire article added, p. 897, § 1, effective July 1.