Proposed Rule2022-14911
Audit Standards
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
July 13, 2022
Effective
June 1, 2022
Issuing agencies
Interior DepartmentNational Indian Gaming Commission
Abstract
On June 1, 2022, the National Indian Gaming Commission published a proposed rule to amend the Agency's facility Audit Standards regulations. The proposed rule specified that comments must be received before July 1, 2022. The Agency has received requests to extend the comment period to allow more time for tribes and interested parties to fully review the proposed rule and submit comments. The Commission is agreeable to the request and is extending the comment period for an additional thirty days.
Full Text
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<title>Federal Register, Volume 87 Issue 133 (Wednesday, July 13, 2022)</title>
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[Federal Register Volume 87, Number 133 (Wednesday, July 13, 2022)]
[Proposed Rules]
[Page 41637]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-14911]
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DEPARTMENT OF THE INTERIOR
National Indian Gaming Commission
25 CFR Part 559
RIN 3141-AA72
Audit Standards
AGENCY: National Indian Gaming Commission.
ACTION: Proposed rule; reopening of comment period.
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SUMMARY: On June 1, 2022, the National Indian Gaming Commission
published a proposed rule to amend the Agency's facility Audit
Standards regulations. The proposed rule specified that comments must
be received before July 1, 2022. The Agency has received requests to
extend the comment period to allow more time for tribes and interested
parties to fully review the proposed rule and submit comments. The
Commission is agreeable to the request and is extending the comment
period for an additional thirty days.
DATES: The comment period for the proposed rule published in the
Federal Register on June 1, 2022, at 87 FR 33091, is reopened. Comments
should be received on or before August 1, 2022.
ADDRESSES: You may send comments by any of the following methods:
<bullet> Federal eRulemaking Portal: Go to <a href="http://www.regulations.gov">http://www.regulations.gov</a>. Follow the instructions for submitting comments.
<bullet> Email: <a href="/cdn-cgi/l/email-protection#335a5d555c415e52475a5c5d735d5a54501d545c45"><span class="__cf_email__" data-cfemail="ec85828a839e818d98858382ac82858b8fc28b839a">[email protected]</span></a>.
<bullet> Mail: National Indian Gaming Commission, 1849 C Street NW,
MS 1621, Washington, DC 20240.
<bullet> Fax comments to: National Indian Gaming Commission at 202-
632-0045.
<bullet> Hand Delivery: National Indian Gaming Commission, 90 K
Street NE, Suite 200, Washington, DC 20002, between 9 a.m. and 5 p.m.,
Monday through Friday, except Federal holidays.
FOR FURTHER INFORMATION CONTACT: Michael Hoenig, National Indian Gaming
Commission; Telephone: (202) 632-7003.
SUPPLEMENTARY INFORMATION:
I. Background
On June 1, 2022, the National Indian Gaming Commission published a
proposed rule to amend the Agency's audit standards regulations. The
proposed rule will amend the regulations to eliminate the Commission
waiver requirement for reviewed financial statements and allow all
operations grossing less than $2 million in the previous fiscal year to
submit reviewed financial statements provided that the tribe or tribal
gaming regulatory authority (TGRA) permits the gaming operation to
submit reviewed financials. The proposed amendment to the rule will
also create a third tier of financial reporting for charitable gaming
operations with annual gross revenues of $50,000 or less where, if
permitted by the tribe, a charitable gaming operation may submit
financial information on a monthly basis to the tribe or the TGRA and
in turn, the tribe or TGRA provides an annual certification to the NIGC
regarding the charitable gaming operation's compliance with the
financial reporting. The proposed amendment also adds a provision
clarifying that the submission of an adverse opinion does not satisfy
the regulation's reporting requirements.
II. Reopening of Comment Period
At the request of interested parties, the Commission is reopening
the comment period until August 1, 2022.
Washington, DC.
Michael Hoenig,
General Counsel.
[FR Doc. 2022-14911 Filed 7-12-22; 8:45 am]
BILLING CODE 7565-01-P
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