25 CFR 115.709 - Will an annual audit be conducted on trust funds?

Code of Federal Regulations - Title 25: Indians

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Title 25: Indians

CHAPTER I: BUREAU OF INDIAN AFFAIRS, DEPARTMENT OF THE INTERIOR

SUBCHAPTER G: FINANCIAL ACTIVITIES

PART 115: TRUST FUNDS FOR TRIBES AND INDIVIDUAL INDIANS

Subpart F: Trust Fund Accounts: General Information

115.709 - Will an annual audit be conducted on trust funds

Yes, in accordance with the Trust Reform Act an annual audit will be conducted on trust funds. Each tribe and IIM account holder will be notified when the Secretary has conducted an annual audit on a fiscal year basis of all the trust funds held by the United States for the benefit of tribes and individual Indians. This notice will be provided in the first quarterly statement of performance following the publication of the audit.

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