National Communication Act No. 24
(3)
(4)
22.
Notwithstanding the generality of the foregoing subsections, the funds of the Authority shall
be applied to the following activities:
(a)
settlement of financial obligations and performance of the Authority’s core business;
(b)
payment of remuneration of staff, Board and committee members including dues and
gratuities as provided for by this Act and applicable regulations; and
(c)
any other expenses as necessary for proper performance of the duties and obligations
of the Authority.
The Authority shall keep regular records of all movable and immovable assets and shall
conduct a comprehensive inventory evaluation every five years.
Annual Budget.
The Authority shall have an independent annual budget that shall be prepared in accordance with
sound accounting principles and consistent with the requirements of the Public Finance
Management and Accountability Act, 2011.
23.
24.
25.
Accounts, Financial Books, Records, and Deposits.
(1)
The Authority shall keep accurate, proper and complete accounts and records of all revenue
and expenditure that shall comply with proper accounting principles and requirements of the
Public Finance Management and Accountability Act, 2011.
(2)
The Authority shall keep its funds in Board approved accounts opened with Government
approved Banks or investment accounts. Operation and use of those accounts shall be
consistent with proper banking and accounting principles. The Authority’s accounts may be
in local or foreign currencies kept inside or outside South Sudan with the approval of the
Minister.
Auditing.
(1)
The Authority shall establish an internal auditing unit to be headed by a person of
professional qualifications and experiences appointed in accordance with the Public Finance
Management and Accountability Act, 2011 and shall prepare monthly internal audit reports
according to the internal auditing regulations and consistent with requirements of the Public
Finance, Management and Accountability Act, 2011.
(2)
The Audit Chamber or other delegated auditor approved by the Auditor General shall audit
accounts of the Authority at the end of each year.
The Annual and Final Financial Statement.
At the end of each financial year the Authority shall submit to the Competent Minister the
following reports for presentation to Government:
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