Each year, Waabigwan Mashkiki undergoes an independent financial audit conducted by an outside certified public accounting firm with no ownership interest or role in the company. For fiscal year 2025, the result was once again a clean audit.
More than someone checking the books
An independent audit is a rigorous review. Here is what the auditors do before they can offer an opinion on the company’s finances.
- 01Records
Examine the financial records
Independent auditors review the company's books in full, not just a quick check of the numbers.
- 02Transactions
Verify against supporting documentation
Transactions are traced back to the records that support them, confirming what actually happened.
- 03Controls
Evaluate internal financial controls
The processes that safeguard the Nation's resources are tested to confirm they are operating effectively.
- 04Statements
Confirm the statements reflect the business
Auditors provide an independent opinion that the finances are being managed properly and reported accurately.
What an “unmodified opinion” means
In accounting, an unmodified opinion is the best result an organization can receive. It means the independent auditors found that Waabigwan’s financial statements accurately represent the company’s financial position, its internal financial controls are operating effectively, and they identified no issues requiring attention. This marks another consecutive year of clean audits.
For White Earth Nation
It gives the Nation's leadership and citizens confidence that the Nation's resources are being managed responsibly.
For banks, lenders & partners
It demonstrates the financial discipline expected of a growing enterprise, helping keep doors open for future financing and business opportunities.
A standard we intend to keep
This result reflects the strong financial controls, oversight, and disciplined management that support the company’s continued growth. As Waabigwan continues creating jobs, expanding operations, and investing in new opportunities, maintaining that same commitment to accountability and transparency will remain a core part of how the company does business.
Growth creates opportunity. Accountability earns trust. Waabigwan is committed to both.
— Waabigwan Mashkiki
