Land and Agricultural Development Bank Act, 2002 (Act No. 15 of 2002)

Part IV : Risk Management and other Operational Matters

35. Financial management
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(1)The Board must cause the necessary books of account to be kept.

 

(2)The books of account and financial statements of the Bank must be audited by the Auditor-General annually.

 

(3)The Board must ensure that annual budgets and corporate plans, annual reports and audited financial statements are prepared and submitted in accordance with the provisions of the Public Finance Management Act, 1999 (Act No. 1 of 1999).