A federal forensic audit of the Federation of Sovereign Indigenous Nations (FSIN) has led to recommendations that the organization review its policies after $34 million in questionable transactions were found.
The audit, posted online Wednesday, was conducted by KPMG LLP on behalf of Indigenous Services Canada’s (ISC) Assessment and Investigation Services Branch (AISB) and looked at $47.1 million in transactions between April 1, 2019 and March 31, 2024.
The forensic audit was prompted after AISB received allegations about a lack of transparency over FSIN’s expenditures, including COVID-19 and travel payments made to a former employee and other claims.
In total, about $34.2 million of those transactions was flagged by KPMG, with $3.7 million deemed “ineligible,” $30.3 million as “q