Financial and Fiscal Commission Act, 1997 (Act No. 99 of 1997)

Part 5 : Finances of Commission

24. Accountability
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As accounting officer of the Commission, the chief executive officer must—

[Words preceding section  24(a) substituted by section 15(a) of Act No. 4 of 2015]

(a)keep full and proper records of—
(i)all income and expenditure of the Commission; and
(ii)all the Commission’s assets, liabilities and financial transactions;
(b)ensure that the Commission’s available resources are properly safeguarded and used in the most efficient and effective way;
(c)ensure that all statutory measures applicable to the Commission are complied with; and
(d)within two months after the end of each financial year, prepare annual financial statements as required by the Public Finance Management Act.

[Section 24(d) substituted by section 15(b) of Act No. 4 of 2015]