Public Finance Management Act, 1999 (Act No. 1 of 1999)RegulationsRegulations for Accounting Standards Board14. Delegation of powers and duties |
| (1) | When necessary for the proper performance of its functions, the Board may delegate any of its powers or duties to— |
| (a) | the Chairperson or any other Board member; |
| (b) | a committee referred to in regulation 13; or |
| (c) | a staff member of the Board. |
| (2) | A delegation in terms of subregulation (1) - |
| (a) | is subject to any limitations, conditions or directions the Board may impose; |
| (b) | must be in writing; and |
| (c) | does not divest the Board of the responsibility concerning the exercise of the power or the performance of the duty. |
| (3) | The Board may confirm, vary or revoke any decision taken in consequence of a delegation in terms of subregulation (1), subject to any rights that may have accrued to a person as a result of the decision. |