FINANCIAL MANAGEMENT ACT 1996 - SECT 64 Responsibility for annual financial statements of territory authorities

FINANCIAL MANAGEMENT ACT 1996 - SECT 64

    (1)     An annual financial statement of a territory authority must have a statement of responsibility attached to it.

    (2)     The statement of responsibility must—

        (a)     state that, in the relevant person's opinion, the annual financial statements fairly reflect—

              (i)     the financial operations of the authority during the financial year; and

              (ii)     the financial position of the authority at the end of the year; and

        (b)     state the relevant person's responsibility for the preparation of the annual financial statements and the judgments exercised in preparing them; and

        (c)     be signed by the relevant person.

    (3)     The statement of responsibility may be signed at any time before the auditor-general gives the relevant person an audit opinion for the financial statement in accordance with section 65.

    (4)     In this section:

"relevant person", for the territory authority, means—

        (a)     if the authority has a governing board—the chair of the governing board; or

        (b)     if the authority does not have a governing board—the chief executive officer.