Housing Development Agency Act, 2008 (Act No. 23 of 2008)

22. Functions of chief financial officer

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The functions of the chief financial officer include-

a)risk management of the Agency's projects;
b)assisting the Board with regard to compliance with its duties in terms of the Public Finance Management Act;
c)ensuring that money payable to the Agency is properly collected;
d)ensuring that there is adequate control over the assets acquired, managed or controlled by the Agency;
e)ensuring that the liabilities incurred on behalf of the Agency are properly authorised;
f)ensuring efficiency and economy of operations and avoidance of fruitless and wasteful expenditure;
g)ensuring that the financial system is in line with generally accepted accounting practices and procedures;
h)ensuring an adequate budgeting and financial system; and
i)to provide sound financial control systems for the Agency.