First Nations Oil and Gas and Moneys Management Act

Marginal note:Audit of statements

• 50 (1) Financial statements prepared under section 48 or 49 shall be audited, in accordance with the generally accepted auditing standards of the Canadian Institute of Chartered Accountants, by an auditor who is a member in good standing of an institute or association of accountants incorporated under the laws of a province.

• Marginal note:Access to statements

  (2) Financial statements, as audited under subsection (1), shall be made available to first nation members within 120 days after the end of the fiscal year, and a copy shall be provided to any member on payment of a fee not exceeding the cost of providing the copy.