Singapore legislation

Clause 7

of Jurong Town Corporation (Amendment) Bill

Clause 7

Repeal and re-enactment of section 21

Section 21 of the principal Act is repealed and the following section substituted therefor:“Auditor’s report21.—

(1)

The chief financial officer of the Corporation shall prepare the financial statements in respect of each preceding financial year and submit them to the Corporation’s auditor who shall audit and report on them to the Minister and the President.(2) The Corporation’s auditor shall state in his report of his audit whether —

(a)

the financial statements show fairly the financial transactions and the state of affairs of the Corporation;

(b)

proper accounting and other records have been kept; and

(c)

the receipt, expenditure and investment of moneys and the acquisition and disposal of assets by the Corporation during the year have been in accordance with the provisions of this Act and the Constitution.(3) The Corporation’s auditor shall report on any other matter arising from the audit as he considers necessary.”.

Read in full context — Jurong Town Corporation (Amendment) Bill →