Skills Development Act, 1998 (Act No. 97 of 1998)ConstitutionsConstitution of the Mining Qualifications Authority (MQA)26. Accounting officer of Authority |
| 26.1 | The Chief Executive Officer is the accounting officer of the Authority. |
| 26.2 | The accounting officer is responsible for all monies received and payments made by the Authority. |
| 26.3 | The financial year of the Authority ends on 31 March of each year. |
| 26.4 | The accounting officer must cause records to be kept in accordance with the Generally Accepted Accounting Principles that are necessary to represent fairly the state of affairs and business of the Authority and to explain the transactions and financial position of the Authority. |
| 26.5 | Annual financial statements must be prepared in respect of every financial year that consist of: |
| 26.5.1 | a balance sheet dealing with the state of affairs of the Authority ; |
| 26.5.2 | a return of income received and expenses incurred by the Authority; and |
| 26.5.3 | a statement of cash flow information. |
| 26.6 | The books of account, statements of account and annual financial statements of the Authority must be audited annually by the Auditor-General. The Auditor-General must compile a report on the audit and submit a copy of it to the Minister and the chairperson of the Authority. |
| 26.7 | The Chief Executive Officer of the Authority must supply each member of the Authority with a copy of the report of the Auditor-General. |
| 26.8 | As soon as practicable after the report of the Auditor-General has been submitted to the Minister in terms of clause 25.6, the Minister must table it in Parliament. |
| 26.9 | The responsibilities of the accounting officer do not in any way derogate from the responsibilities of the Authority as the accounting authority in terms of the Public Finance Management Act. |