7/2/18
What is an Audit? CPAWork Scope & Standards:
• Financial Statement Audit (GAAP & GAAS) • Financial Statement Review (GAAP & SSARS) • Operational Agreed Upon Procedures (Efficiency & Effectiveness) • Compliance AUP (Laws & Regulations) • Consulting Engagement • CPA Licensing
Why Financial Audit? • Accountability to Tribal Council and Tribal Membership • Accountability to External Financial Statement Users • IGRA, NIGC, Tribal Gaming Ordinance, State Compact • Filing Deadlines: o 120 Days – NIGC
o Penalties up to $25,000/Day o State Compact (Depends) o NIGC TB 2009-1
3
Made with FlippingBook - professional solution for displaying marketing and sales documents online