The accounting officer of a municipal entity is responsible for managing the financial administration of the entity, and must for this purpose take all reasonable steps to ensure—
| (a) |
that the resources of the entity are used effectively, efficiently, economically, and transparently; |
| (b) |
that full and proper records of the financial affairs of the entity are kept; |
| (c) |
that the entity has and maintains effective, efficient and transparent systems— |
| (i) |
of financial and risk management and internal control; and |
| (ii) |
of internal audit complying with and operating in accordance with any prescribed norms and standards; |
| (e) |
that expenditure is in accordance with the operational policies of the entity; and |
| (f) |
that disciplinary or, when appropriate, criminal proceedings, are instituted against any official of the entity who has allegedly committed an act financial misconduct or an offence in terms of Chapter 15. |
Gas Regulator Levies Act, 2002
