Public Finance Management Act, 1999 (Act No. 1 of 1999)RegulationsRegulations for Accounting Standards Board2. Qualifications of members |
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. |