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FINANCIAL MANAGEMENT AND ACCOUNTABILITY ACT 1997 No. 154 of 1997 - SECT 57 Audit of annual financial statements of Agency

FINANCIAL MANAGEMENT AND ACCOUNTABILITY ACT 1997 No. 154 of 1997 - SECT 57

Audit of annual financial statements of Agency (1) As soon as practicable after receiving financial statements under subsection 49(1) for an Agency, the Auditor-General must examine the statements and report in accordance with this section to the Minister responsible for the Agency.

(2) In the report, the Auditor-General must state whether, in the Auditor-General's opinion, the financial statements:

    (a) have been prepared in accordance with the Finance Minister's Orders; and

    (b) give a true and fair view of the matters required by those Orders.

If the Auditor-General is not of that opinion, the Auditor-General must state the reasons.

(3) If the Auditor-General is of the opinion that failing to prepare the financial statements in accordance with the Finance Minister's Orders has a quantifiable financial effect, the Auditor-General must quantify that financial effect and state the amount.

(4) If the Auditor-General is of the opinion that the Chief Executive has contravened section 48, the Auditor-General must state particulars of the contravention.

(5) If the Auditor-General is of the opinion that the Auditor-General did not obtain all necessary information and explanations, the Auditor-General must state particulars of the shortcomings.

(6) Instead of preparing a single report, the Auditor-General may prepare an initial report and one or more later supplementary reports.

(7) A copy of the financial statements and the Auditor-General's report or reports must be included in the Agency's annual report that is tabled in the Parliament.