sec.44Final financial statements for abolished departments— Act , s 62

sec.44 Final financial statements for abolished departments— Act , s 62

This section prescribes, for section 62 (1) of the Act , requirements for preparing final financial statements for an abolished department. An abolished department’s former accountable officer must prepare the abolished department’s final financial statements in accordance with the minimum reporting requirements stated in the financial reporting requirements document. The former accountable officer and the former chief finance officer for an abolished department must certify on the final financial statements whether, in their opinion— the prescribed requirements for establishing and maintaining the abolished department’s resource management systems have been complied with in all material respects; and the statements present a true and fair view, in accordance with the prescribed accounting standards, of— the abolished department’s transactions for the final period; and the abolished department’s financial position at the end of the final period. The former accountable officer must give the final financial statements to the auditor-general by a day agreed between the officer and the auditor-general. (sec.44-ssec.1) This section prescribes, for section 62 (1) of the Act , requirements for preparing final financial statements for an abolished department. (sec.44-ssec.2) An abolished department’s former accountable officer must prepare the abolished department’s final financial statements in accordance with the minimum reporting requirements stated in the financial reporting requirements document. (sec.44-ssec.3) The former accountable officer and the former chief finance officer for an abolished department must certify on the final financial statements whether, in their opinion— the prescribed requirements for establishing and maintaining the abolished department’s resource management systems have been complied with in all material respects; and the statements present a true and fair view, in accordance with the prescribed accounting standards, of— the abolished department’s transactions for the final period; and the abolished department’s financial position at the end of the final period. (sec.44-ssec.4) The former accountable officer must give the final financial statements to the auditor-general by a day agreed between the officer and the auditor-general.

• (a) the prescribed requirements for establishing and maintaining the abolished department’s resource management systems have been complied with in all material respects; and
• (b) the statements present a true and fair view, in accordance with the prescribed accounting standards, of— (i) the abolished department’s transactions for the final period; and (ii) the abolished department’s financial position at the end of the final period.
• (i) the abolished department’s transactions for the final period; and