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

Regulations

Regulations for Accounting Standards Board

13. Committees

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(1)The Board may—
(a)appoint one or more committees to assist it in the performance of any of its functions or the exercise of any of its powers; and
(b)dissolve a committee at any time.

 

(2)When appointing members to a committee the Board is not restricted to Board members.

 

(3)The Board—
(a)must determine the functions of a committee;
(b)must appoint a Chairperson and other members of a committee;
(c)may remove a member of a committee at any time;
(d)may determine a committee’s operating procedures; and
(e)may remunerate members of committees within a framework approved by the Minister.