Financial Reporting

Finance and Audit Committee [First Nations Financial Management Board, FNFMB]

Publisher: 
First Nations Financial Management Board
Year of publication: 
2019

A Finance & Audit Committee (FAC) is a committee that oversees the financial reporting and audit functions of a First Nation. It provides forward-thinking oversight of the investments of a First Nation and supports Council in making good financial decisions.

The Finance and Audit Committee reinforces Council’s accountability and transparency to its members. It is important to understand that it is a recommending committee only and has no decision-making authority.

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