Code of Federal Regulations · Section

§ 115.709 — Will An Annual Audit Be Conducted On Trust Funds?

25 C.F.R. § 115.709

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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.

25 C.F.R. § 115.708 25 C.F.R. § 115.710

Authorizing Statute

Definitions
25 U.S.C. § 4001
Regulations by President
25 U.S.C. § 9
Departmental regulations
5 U.S.C. § 301
Records management by agency heads; general duties
44 U.S.C. § 3101
Deposit of tribal funds in banks; bond or collateral security; investments; collections from irrigation projects; affirmative action required
25 U.S.C. § 162a
Duties of Commissioner
25 U.S.C. § 2
Duties of Secretary
43 U.S.C. § 1457
Restoration to tribal ownership of unclaimed per capita and other individual payments of tribal trust funds; deposit in general fund of the Treasury
25 U.S.C. § 164
Deposit in Treasury of trust funds
25 U.S.C. § 161