Financial Management of Parliament Act, 2009 (Act No. 10 of 2009)Chapter 8 : Reporting and AuditingPart 2 : Annual report, financial statements and auditing55. Preparation of annual reports |
| (1) | For each financial year, the Accounting Officer must prepare an annual report. |
| (2) | The purpose of an annual report is to— |
| (a) | provide a record of the activities of Parliament’s administration during the financial year to which the report relates; |
| (b) | provide a report on performance of Parliament’s administration; and |
| (c) | promote accountability for decisions made during the year by Parliament’s administration. |
| (3) | The annual report must be based on the annual performance plan and must contain— |
| (a) | the annual financial statements of Parliament for the relevant financial year as submitted to the Auditor-General; |
| (b) | any explanations that may be necessary to clarify the financial statements; |
| (c) | the Auditor-General’s audit report on those financial statements; |
| (d) | an assessment by the Accounting Officer of the performance of Parliament during that financial year against the objectives and outcomes identified in Parliament’s annual performance plan; |
| (e) | particulars of any corrective action taken or to be taken in response to issues raised in the audit report referred to in paragraph (c); |
| (f) | the audit committee’s report; and |
| (g) | any other prescribed information. |