National Energy Act, 2008 (Act No. 34 of 2008)

Chapter 4 : South African National Energy Development Institute

15. Accounting and auditing at South African National Energy Development Institute
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1)The Chief Executive Officer is the accounting officer charged with the responsibility of accounting for all money received and payments made by the South African National Energy Development Institute.

 

2)The accounting officer must cause such records of account to be kept as are necessary to represent fairly the state of affairs and business of the South African National Energy Development Institute and to explain the transactions and financial position of the business of the South African National Energy Development Institute.

 

3)The accounting and compilation of annual financial statements of the South African National Energy Development Institute must be done in accordance with the provisions of the Public Finance Management Act.