<html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 1-56-13 - Annual review by agency--Documented risk and control matrix--Results and updates to board.</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.sc65718e516404244bc70ed3b710f1169Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sc65718e516404244bc70ed3b710f1169SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sc65718e516404244bc70ed3b710f1169CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.sc65718e516404244bc70ed3b710f1169Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sc65718e516404244bc70ed3b710f1169DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sc65718e516404244bc70ed3b710f1169000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.sc65718e516404244bc70ed3b710f1169NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sc65718e516404244bc70ed3b710f1169DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sc65718e516404244bc70ed3b710f1169SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 1-56-13 - Annual review by agency--Documented risk and control matrix--Results and updates to board."><meta property="og:description" content="SDLRC Codified Law 1-56-13 - Annual review by agency--Documented risk and control matrix--Results and updates to board."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/1-56-13"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="sc65718e516404244bc70ed3b710f1169Normal"><a href="https://sdlegislature.gov/Statutes?Statute=1-56-13" rel="noopener"><span class="sc65718e516404244bc70ed3b710f1169SENU">1-56-13</span></a><span xml:space="preserve" class="sc65718e516404244bc70ed3b710f1169SENU">. </span><span class="sc65718e516404244bc70ed3b710f1169CL">Annual review by agency--Documented risk and control matrix--Results and updates to board.</span></p><p dir="ltr" class="sc65718e516404244bc70ed3b710f1169Statute"><span class="sc65718e516404244bc70ed3b710f1169DefaultParagraphFont">Each state agency shall conduct an annual review of the agency's documented risk and control matrix to assess the adequacy and effectiveness of the agency's internal controls and risk mitigation strategies.</span></p><p dir="ltr" class="sc65718e516404244bc70ed3b710f1169Statute"><span class="sc65718e516404244bc70ed3b710f1169DefaultParagraphFont">Following the review, each state agency shall submit the results to the Board of Internal Control, including any updates to the agency's risk and control matrix.</span></p><p dir="ltr" class="sc65718e516404244bc70ed3b710f1169Normal"><span xml:space="preserve" class="sc65718e516404244bc70ed3b710f1169000000"> </span></p><p dir="ltr" class="sc65718e516404244bc70ed3b710f1169NoIndent"><span xml:space="preserve" class="sc65718e516404244bc70ed3b710f1169DefaultParagraphFont-000001">Source: </span><span class="sc65718e516404244bc70ed3b710f1169SCL">SL 2025, ch 12, § 6.</span></p></div></body></html>