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

Regulations

Regulations for Accounting Standards Board

13. Committees

 

(1) The Board may—
(a) appoint one or more committees to assist it in the performance of any of its functions or the exercise of any of its powers; and
(b) dissolve a committee at any time.

 

(2) When appointing members to a committee the Board is not restricted to Board members.

 

(3) The Board—
(a) must determine the functions of a committee;
(b) must appoint a Chairperson and other members of a committee;
(c) may remove a member of a committee at any time;
(d) may determine a committee’s operating procedures; and
(e) may remunerate members of committees within a framework approved by the Minister.