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

Regulations

Regulations for Accounting Standards Board

2. 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.