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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 [www.gpo.gov]
[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:
     Federal eRulemaking Portal: Go to http://www.regulations.gov. Follow the instructions for submitting comments.
     Email: [email protected].
     Mail: National Indian Gaming Commission, 1849 C Street NW, 
MS 1621, Washington, DC 20240.
     Fax comments to: National Indian Gaming Commission at 202-
632-0045.
     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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