First Nation financial reporting system flawed, prof says – Prince George Citizen

September 3, 2015

A University of Victoria professor has misgivings about the federal government’s requirement that First Nations submit financial statements and chief and council member salaries for posting on the Aboriginal and Northern Development Canada website.

“The principle is good, the implementation has been very poor,” said John Borrows, Law Foundation Chair in Aboriginal Justice and Governance at UVic.

He said Ottawa failed to get “buy-in and willingness” from First Nations prior to passing the First Nations Financial Transparency Act (FNFTA), which came into effect last year.

There are other ways to meet the goal, Borrows added, noting much of the information was already available although it was not as easily accessed prior to the FNFTA.

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