Sunchild First Nation audited by government
The federal government is auditing Sunchild First Nation, near Rocky Mountain House.
Aboriginal Affairs and Northern Development Canada is conducting the recipient audit of the financial years 2010-11 and 2011-12, said government spokeswoman Genevieve Guibert in an email.
The audit is being done to “provide assurance that their management and financial controls are adequate,” said Guibert.
Auditing began last month and is expected to be completed by the end of the fiscal year, which ends March 31. Recipient audits are conducted by an independent auditor and are designed to ensure that those receiving federal funds are complying with their agreements.
“Audit recommendations are beneficial to funding recipients, as they assist the organization in assessing whether their current management practices and financial controls are adequate for achieving their objectives efficiently and effectively,” said Guibert. Aboriginal Affairs takes into account risk evaluations and the value of the funding agreement when choosing to undertake an audit. Some also result from random selections.
A message requesting comment from Sunchild’s council was not returned.
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