First Nations

First Nations and Tribal Councils require responsible financial management. Band members and funding agencies expect the
band council and staff to provide effective, fair programs and services.

We have a long history assisting First Nations to design reliable accounting systems and train staff and councilors to fulfill their mandates. In addition, we perform compliance and operational audits. In fact, we have been conducting audit and consulting services for First Nations since 1978 and we are currently the
firm of choice for several First Nations and related entities.

What's more, we are not just your average accountants – we
are also Certified Aboriginal Financial Manager (CAFM) designated!

While great accountants can help an organization reach its
financial goals, a CAFM designated accountant can help you
achieve so much more! Our four CAFM designated senior

accountants have met the core competencies that are essential
for aboriginal financial management, as required by AFOA and
CGA Canada.

Their unique understanding as a result of their long history of
serving First Nations and First Nation Organizations allows them
to provide you with leadership and valuable advice specific to First Nation financial and management operations. Contact Bruce,
Alvin or Lynn today to discuss your goals and needs. Let us contribute to your success and legacy.

RHN can also assist with the successful implementation of business ventures. Many bands and band members are moving toward
economic self-sufficiency with commercial developments ranging
from lumber mills to hotels, from fish processing plants to tourist developments and we can help make these a success.

Why choose RHN for your First Nations engagement?

  • In-depth experience with First Nations and First Nations related entities since 1978
     
  • Serving clients throughout BC from our Richmond and Kelowna offices
     
  • Developed "Best Practices for First Nations" manual for First Nations accounting and reporting standards, as selected by CGA Canada and the Assembly of First Nations
     
  • Regularly conduct in-house seminars and forums to assist Chief and Councils and Band accounting staff in gaining better understanding of financial processes
     
  • Audits make up 45% of RHN's engagements. We have a high degree of knowledge in this area
     
  • Proven success in First Nations budgeting, financing proposals, system evaluations, negotiation with AANDC, Health Canada and other governmental agencies
     
  • Available to meet with Chief and Council and/or attend AGM to fully explain the financial statements, at your request 
     
  • Offer "remote-access" service to assist clients with technical, accounting and bookkeeping issues online

AUDITS

GOVERNMENT REPORTING

RELATED ENTITIES

BUSINESS ADVISORY SERVICES

  • Strategic Plan Development
  • Business Plan and Budget Development
  • Inventory Management
  • Business Valuation
  • Acquisition or Sale of Business Assistance
  • Succession Planning / Reorganizations
  • Negotiation / Mediation
  • Assistance with Government Loans
  • Budget Management
  • Cash Flow Estimates and Forecasting
  • Development of Management Systems

CORPORATE TAX PREPARATION

  • T2 Only
  • Corporate Income Tax Return
  • Budgeting

SEMINARS, COMPUTER SOLUTIONS AND TRAINING

  • Not-for-profit Governance
  • Board 101
  • Simply Accounting


FINANCIAL STATEMENT REPORTING

  • Compilation Engagement
  • Review Engagement
  • Audit Engagement
  • Specialty Audits
  • Interim Financial Statements
  • Annual Financial Statements
BOOKKEEPING AND GOVERNMENT REPORTING
  • Monthly, Quarterly and Annual Bookkeeping
  • Remittances
  • Payroll Administration
  • T4 / T4A / T5018 / ROE
  • Worksafe BC
  • Credit Card
  • Recording Cheques
  • Reconciling Bank Accounts
  • Preparing Detailed General Ledger
  • HST
  • Eldercare

Client testimonial

"RHN is known for their unique knowledge and understanding of the specific needs and challenges of Canada’s Aboriginal community, as well as their expertise regarding First Nations funding agreements. We have a very honest, collegial rapport with the staff. They are respectful, competent and responsive. No problem is too small or large, and they are always available to answer my questions or help coach me along."
K.I., executive director, Aboriginal not-for-profit society