Public Finance Management Act, 1999 (Act No. 1 of 1999)Chapter 11 : Accounting Standards Board91. Regulations on accounting standards of Board |
| (1) | The Minister, after consulting the Auditor-General, may make regulations— |
| (a) | concerning the qualifications, remuneration, term of office and removal of members of the Accounting Standards Board, the filling of vacancies, the chairperson of the Board, and the finances and administration of the Board; |
| (b) | prescribing the standards set by the Board in terms of section 89; and |
| (c) | concerning any other matter that may facilitate the proper functioning of the Board or the implementation of those standards. |
| (2) | The Minister must consult the Board on the implementation date of a regulation made in terms of subsection (1)(b). |
| (3) | Different regulations may be made in terms of subsection (1)(b) for different categories of institutions to which the standards set in terms of section 89 apply. |
| (4) | Draft regulations prescribing standards in terms of subsection (1)(b) must be published for public comment in the national Government Gazette before their enactment. |