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

Regulations

Regulations for Accounting Standards Board

2. Qualifications of members

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A member of the Board must—

(a)be a fit and proper person to hold office as a member;
(b)have a holistic knowledge and understanding of financial reporting;
(c)have the ability to act in the public interest; and
(d)demonstrate, inter alia, some of the following skills:
(i)the ability to contribute to the development of best accounting practices, both locally and internationally;
(ii)expertise in the field of accounting standards; and
(iii)relevant expertise in public sector finance.