Native American News

Welcome to Native American News, by Native American Encyclopedia. Our objective is to; Honor our Elders, Inspire our Youth, Document our History & Share our Culture.

Download the Nativepedia app for your iPhone http://bit.ly/nativepedia

Search

Site Navigation

Instagram Shots

    More - Instagram

    Find me on...

    Tribes Move to Form an Independent Tribal Accounting Standards Board

    Since 2000, the Government Accounting Standards Board and the American Institute of Certified Public Accountants have been the only standard-making bodies for the development and publishing of generally accepted accounting and reporting principles for tribes. An unintended consequence to the Single Audit Act as amended in 1996 defined Indian tribes as “states” for purposes of the single audit requirements contained in the Act. They are not states. They are sovereigns.

    Source indiancountrytodaymedianetwork.com

    Notes

    1. nativeamericannews posted this

    Loading posts...