First Nations Fiscal Management Act
Marginal note:Local revenues
Marginal note:Audited reports
(1.1) For the purposes of subsection (1), the first nation shall prepare a financial report on its local revenues that shall be audited at least once each year. However, if it is authorised by a standard established under paragraph 55(1)(d), the first nation may instead report on its local revenues in its audited annual financial statements as a distinct segment of the activities that appear in the statements.
Marginal note:Access to report
(2) The audited financial report or the audited annual financial statements, as the case may be, shall be made available to
(a) the members of the first nation;
(b) any other persons who have an interest in, or the right to occupy, possess or use, the first nation’s reserve lands;
(c) the First Nations Tax Commission, the First Nations Financial Management Board and the First Nations Finance Authority; and
(d) the Minister.
- 2005, c. 9, s. 14
- 2015, c. 36, s. 186
- Date modified: