A. The Tribe shall commission an independent annual audit each year within ninety (90) days of the end of the fiscal year.

B. The tribal enterprises, including the Gaming Authority, shall commission an independent annual audit each year within ninety (90) days of the end of the fiscal year.

C. The independent annual audit is an annual report based upon generally accepted auditing standards as promulgated by the American Institute of Certified Public Accountants in which financial results of operations and activities are analyzed based on the Tribe’s financial reports.

D. An independent annual audit shall be conducted in compliance with all federal requirements for the same, including the Single Audit Act, gaming compact and the Indian Gaming Regulatory Act.

E. The Chairperson or designee shall prepare a request for proposal in sufficient time to engage the independent auditor no later than ninety (90) days after the close of the fiscal year. The request shall be communicated to at least three (3) independent certified public accounting firms that meet all applicable federal and tribal requirements. Upon receipt of the proposals, the Chairperson shall forward the proposals to the Tribal Council. The Tribal Council shall have ten (10) days to review the proposals and provide comments to the Chairperson. The Chairperson shall select the independent certified public accounting firm. When contracting with the firm most recently used by the Tribe, three (3) bids are not a prerequisite, unless the contract price for the most recent firm is increased.

F. To ensure the independence and accountability of the Tribe’s auditor, the Tribe shall incorporate a rotation of the firms providing audit services to the Tribe. While there shall be no maximum number of total years that a firm may provide services for the Tribe, the Chairperson shall not select an auditor who has performed consecutive audits for the three (3) years preceding the year for which the selection is occurring.

G. The independent certified public accounting firm shall directly report the final audit results to the Tribal Council.

H. In order to effectively monitor and resolve audit findings of nonconformance, appropriate officials or directors shall provide written communication to the Tribal Council within sixty (60) days of notification. The written communication shall state whether (1) the finding has been corrected, the date of correction, and a description of how it was corrected; or (2) the finding has not been corrected, the reasons for delay in correction, and an estimated date of correction.

I. Enterprise boards must establish audit policies and procedures and obtain approval from Tribal Council prior to implementation. (Res. 2019-42; Res. 2018-04; Res. 2015-10)