§ 2931. Internal control responsibilities. The governing board of each
covered authority shall: 1. establish and maintain for the authority
guidelines for a system of internal control that are in accordance with
this article and internal control standards;

2. establish and maintain for the authority a system of internal
control and a program of internal control review. The program of
internal review shall be designed to identify internal control
weaknesses, identify actions that are needed to correct these
weaknesses, monitor the implementation of necessary corrective actions
and periodically assess the adequacy of the authority's ongoing internal
controls;

3. make available to each member, officer and employee a clear and
concise statement of the generally applicable managerial policies and
standards with which he or she is expected to comply. Such statement
shall emphasize the importance of effective internal control to the
authority and the responsibility of each member, officer and employee
for effective internal control;

4. designate an internal control officer, who shall report to the head
of the authority, to implement and review the internal control
responsibilities established pursuant to this section; and

5. implement education and training efforts to ensure that members,
officers and employees have achieved adequate awareness and
understanding of internal control standards and, as appropriate,
evaluation techniques.