05.13.050 Audits.
(1) The Treasurer and CFO shall conduct such internal examinations of financial records and procedures as are deemed necessary to ensure the financial and operational integrity of the tribe.
(2) Based on the recommendations of CFO, the Audit Committee shall select a firm of independent Certified Public Accountants, who shall conduct an annual audit of all of the financial operations and records of the organization for each calendar year.
(A) Such audit shall be conducted in accordance with Generally Accepted Auditing Standards and shall provide for all financial statements and other reports required by the Tribe, the Federal Government and/or other funding source.
(B) The report of such auditors shall be addressed to the tribal council.
(C) The Audit Committee shall obtain proposals from qualified audit firms and shall schedule and coordinate such audit in such a manner as to facilitate delivery of completed audit reports not later September first each succeeding year. Multiple year engagements with audit firms shall be utilized where practical to provide efficiency and continuity in performance of audits.
(D) 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.
(E) At the request of an administrator(s), the annual audit shall include and provide separate audit reports for their administrative body. The cost of such audit shall be paid by such funds allocated to the administrative body for such purposes. If other funds are available, such funds may be used to cover audit costs with the approval of the CFO. [Res. 22-120, 2022.]