Introduction

ONCA 07-06 (as amended by ONCA 07-32, ONCA 07-51, and ONCA 09-14) establishes the duties and responsibilities of the Office of Fiscal & Performance Review.

The legislation establishing the Office of Fiscal & Performance Review, is to provide an independent and objective consulting and review service for the Osage Nation operations.

Policy

The purpose of the OFPR is to provide an independent and objective consulting and review service designed to add value and improve the Osage Nation operations.

The OFPR helps the Osage Nation, and its enterprises, accomplish their objectives by bringing a systematic and disciplined approach to evaluating and improving the effectiveness of risk management, control, and governance processes.

The Osage Nation must maintain the confidence of its managers, employees, contractors, the public, tribal members, federal agencies, and various other constituencies. Confidence in the government is paramount if the Osage Nation is going to achieve its stated objectives.

Objectives & Scope

The primary objective of the OFPR is to perform independent and objective reviews and report to Management and Congress on their findings so that corrective actions or enhancements can be initiated. More specifically, the OFPR seeks to:

  • Improve the efficiency, economy, and effectiveness of governmental operations;
  • Evaluate programs and performance;
  • Ensure administrative compliance with legislative intent and the proper use of appropriated funds;
  • Review operational processes and progress;
  • Perform risk assessment;
  • Review and recommend internal controls;
  • Develop and communicate conclusions about effectiveness of assignments.

In order to accomplish the objectives, the scope of the OFPR activities is necessarily broad. The scope of the OFPR activities include conducting operational, informational system, financial, compliance, other audits and reviews of the Osage Nation and Osage Nation enterprise operations. The audit scope changes as the business needs of management, the Osage Nation, and regulatory agencies changes.