Singapore legislation

Clause 49

Financial procedures and records

The Agency must —

(a)

keep proper accounts and records of its transactions and affairs; and

(b)

do all things necessary to ensure that —

(i)

all payments out of its moneys are correctly made and properly authorised; and

(ii)

adequate control is maintained over the funds and property of, or in the custody of, the Agency and over the expenditure incurred by the Agency.