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The move comes after a court bust up in which lawyers acting for the Native Americans claimed that their could be more than $137bn (£85bn) of unpaid royalties.
A US district judge has ordered the US Interior Department and the plaintiff’s lawyers to come up with a plan by May to settle the issue.
Individual American Indians were allotted parcels of land in 1887 but the US Congress made the Interior Department responsible for managing oil, gas and timber royalties.
However, the royalties have suffered from chronic mismanagement and in many cases the royalties were never collected leading to the need for a huge accounting project to bring records up to date.
Simon Wright of CareersinAudit.com discusses how an effective cyber defence force is critical to businesses worldwide and how internal auditors can make the transition to a new career in cyber security
The FRC has said that the investigation will 'consider, but not be restricted to, issues regarding misstated accounting balances'
Craig Maxwell joins the audit and assurance team in Scotland
Stephen Grayson to join the audit department in Manchester