Public Finance Management Act, 1999 (Act No. 1 of 1999)

Chapter 11 : Accounting Standards Board

90. Powers of Board

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The Accounting Standards Board may do all that is necessary or expedient to perform its functions effectively, which includes the power to—

(a)determine its own staff establishment and appoint employees to posts on its staff establishment;
(b)obtain the services of any person or entity to perform any specific act or function;
(c)confer with any person or entity;
(d)acquire or dispose of any right in or to property, but ownership in immovable property may be acquired or disposed of only with the consent of the Minister;
(e)insure itself against any loss, damage, risk or liability;
(f)perform legal acts, or institute or defend any legal action in its own name;
(g)do research and publish reports; and
(h)do anything that is incidental to the exercise of any of its powers.