Singapore legislation
Clause 12
Clause 12
Amendment of section 29
Section 29 of the Currency Act is amended by renumbering the section as subsection (1) of that section, and by inserting immediately thereafter the following subsection: —“(2) The Auditor-General shall in his report state —
(a)
whether the financial statements show fairly the financial transactions and the state of affairs of the Board;
(b)
whether proper accounting and other records have been kept;
(c)
whether the receipts, expenditure and investment of moneys, and the acquisition and disposal of assets by the Board during the financial year were in accordance with the provisions of this Act; and
(d)
such other matters arising from the audit as he considers necessary.”.