§ 904 Audits

A.The Tribal Council  shall conduct, or direct to be conducted, internal examinations of financial  records and  procedures  and  shall  require  the  results  of  investigations  to  be reported. 

B. The Tribal Administrator shall obtain proposals and shall recommend to the Tribal Council a firm of independent Certified Public Accountants, who shall conduct an annual audit of all of the financial operations and records of the Tribe for each Fiscal Year. 

      1. Such audit shall be conducted in accordance with Generally Accepted Auditing Standards (GAAP) and shall provide for all financial statements and other reports required by the Tribe, the federal government and any other funding source. 

      2. The report of the auditors shall be addressed to the Tribal Council. 

      3. The Tribal Administrator shall schedule and coordinate the audit in such a manner as to facilitate delivery of completed audit reports not later than June 30 of each succeeding fiscal year.  Multiple year engagements with audit firms shall be utilized where  practical to provide efficiency and continuity in performance of audits. To the extent  that conditions exist that delay the completion of the required audit reports beyond the required date, the Tribal Administrator shall advise the Tribal Council, in writing, of the conditions and anticipated completion date. 

      4. Independent auditors shall report formally to the Tribal Council,  with  formal correspondence through the President. 

      5. The report of the auditors shall be addressed and delivered, in person, to the Tribal Council annually in order to afford members of the Tribal Council to obtain answers to questions regarding audit findings and recommendations. 

      6. At the request of a subordinate organization, the annual audit shall include and provide separate audit reports for such subordinate organization. The cost of such audit shall be paid by the subordinate organization. 

[Legislative History: Enacted by Resolution No. 2018-76, 10/19/2018]