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{
    "id": 979764,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/979764/?format=api",
    "text_counter": 10,
    "type": "speech",
    "speaker_name": "Hon. Speaker",
    "speaker_title": "",
    "speaker": null,
    "content": "Order Members! Hon. Members, I wish to inform you that my office is in receipt of a letter dated 24th December 2019, from the Cabinet Secretary (CS) of the National Treasury and Planning regarding the statutory requirement for the submission of the financial statements and annual reports of all public entities within six months after the end of each financial year. In his letter, the CS wishes to bring to the attention of the House, the provisions of Article 229 of the Constitution that requires the Auditor-General to audit and report to Parliament the financial statements of all public entities within six months after the end of each financial year. Given that the Office of the Auditor-General is currently vacant and the process of appointment is ongoing, the National Treasury is, therefore, seeking extension of the time limit for submission of the audited financial statements for the 2018/2019 Financial Year of public entities until such a time as the Auditor-General is appointed. Section 81 of the Public Finance Management Act, 2012, requires the accounting officer of a national Government entity to, not later than three months after the end of each financial year, submit the financial statements to the Auditor-General, amongst other constitutional offices, and publish the said financial statements. In the case of a State corporation, the accounting officer is required to submit the corporation’s financial statements to the CS responsible for matters relating to that corporation who should, upon approving it, submit a copy to the Auditor-General. As you are aware, the position of the Auditor-General is currently vacant with the term of the former Auditor-General having come to an end on 22nd August 2019. Given the foregoing fact, the CS is requesting the National Assembly to extend the time limit for submission of audited financial statements by public entities until such a time the Auditor-General shall be appointed pursuant to the provisions of Section 90 of the Public Finance Management Act, 2012 which states as follows: The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor."
}