Overview
- The KPMG forensic audit, commissioned by ISC, reviewed FSIN finances from April 2019 to March 2024, including about $30 million in COVID-19 funding.
- An ISC-released summary classified $23.5 million in FSIN-related expenditures as questionable, while earlier media reports described $34 million as flagged.
- ISC says full audit reports are not shared with funding recipients due to confidentiality, but it will deliver the detailed sampling data to FSIN as soon as possible.
- FSIN leadership disputes the audit’s conclusions, saying all spending followed internal policies, receipts were provided, and robust financial controls are in place.
- FSIN fourth vice-chief Craig McCallum publicly refused to endorse the executive’s statement and pledged to push for independent oversight and written documentation of financial decisions.