Broadcasting Act, 1999 (Act No. 4 of 1999)Chapter IV : Public Broadcasting Service and Charter of CorporationPart 6 : Financial matters24. Accounts |
| (1) | The Corporation must keep proper account of all moneys received or expended by it and of all its assets, liabilities and financial transactions. |
| (2) | The Corporation must as soon as practicable after the end of each financial year, prepare statements of accounts and a balance sheet showing in appropriate detail the revenues and expenditure of the Corporation during that financial year, and its assets and liabilities as at the end of each financial year. |
| (3) | The Corporation must in its accounts referred to in subsection (2) reflect separately the accounts of the public and commercial services. |
| (4) | The Board must ensure that the Corporation complies with the Public Finance Management Act in relation to accounting procedures by public entities. |
[Section 24(4) inserted by section 19 of Act No. 64 of 2002, GG 24340, dated 4 February 2003]