Audit Instruction Letter 2022

In Section 9.4 of the First Nation Negotiation Support Agreement, The First Nation acknowledges that the Commission will share the auditor’s opinions on the First Nation’s financial statements and the First Nation’s compliance with this Agreement with Canada and BC. [...] If the First Nation Negotiation Support fund of a First Nation incurs a deficit in any year, it is the responsibility of the First Nation to ensure that other resources of the First Nation are available to cover the deficit. [...] Per Section 9.2 of the First Nation Negotiation Support Agreement, the auditor is to confirm that expenditures were compared to the final budget approved by the Commission and that either no material variances were found, or the material variances are documented in an attached schedule with explanations for the variances. [...] If the auditor identifies any significant internal control issues in the course of the audit, provide the BC Treaty Commission with a copy of the Management Letter issued to the First Nation’s governing authority and the First Nation’s responses to the observations. [...] Any failure or omission on the part of the First Nation or First Nation Association in this regard may result in liability for the First Nation and / or the First Nation Association and could disrupt the negotiation of treaty.