Regulatory Alerts2006-03-14
Public Finance and Audit Act
The Solomon Islands government enacted this Act to establish a comprehensive framework for the control, management, and audit of public finances. It mandates strict procedures for the issuance of funds from the Consolidated Fund, the maintenance of special funds, and the regulation of public debt and borrowing. The legislation further defines the duties of accounting officers, outlines the powers of the Auditor-General, and provides mechanisms for surcharging officers for financial misconduct or negligence.
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