Singapore legislation
Clause 6
Clause 6
Amendment of section 55
Section 55 of the principal Act is amended —
by deleting the words “a Financial Officer” in subsection (2) and substituting the words “the Chief Financial Officer”;
by deleting subsections (7) and (8) and substituting the following subsection:“(7) The Auditor shall in his report state —
whether the financial statements show fairly the financial transactions and the state of affairs of the Board;
whether proper accounting and other records have been kept, including records of all assets of the Board, whether purchased, donated or otherwise;
whether the receipts, expenditure and investment of moneys, and the acquisition and disposal of assets by the Board during the financial year have been in accordance with this Act; and
such other matters arising from the audit as he considers should be reported.”; and
by renumbering subsection (9) as subsection (8).