Singapore legislation
Section 29
of Singapore Institute of Standards and Industrial Research Act
Section 29
Accounts to be kept
(1)
The Institute shall prepare in respect of each financial year a statement of account in the form approved by the Minister.
(2)
The Institute shall keep proper accounts and records of its transactions and affairs and shall do all things necessary to ensure that all payments out of its moneys are correctly made and properly authorised and that adequate control is maintained over the assets of, or in the custody of, the Institute and over the expenditure incurred by the Institute.