Singapore legislation
Clause 3
Clause 3
Amendment of section 5
The Audit Act is amended by renumbering section 5 as subsection (1) of that section, and by inserting immediately thereafter the following subsection:“(2) Without affecting subsection (1), in an audit under section 4A of an individual or a person, the Auditor‑General must in his audit make such examination as he considers necessary to ascertain whether all reasonable steps have been taken to ensure that the terms and conditions applicable in respect of any of the following have been complied with:
the receipt by the individual or person of a grant, a subsidy, an advance of money or a loan, a guarantee, an indemnity or financial assistance, as mentioned in section 4A(1)(a);
a supply by the individual or person of any goods or services (or both) under an agreement or a relevant subcontract mentioned in section 4A(1)(b);
a collection or disbursement of money mentioned in section 4A(1)(c) by the individual or person.”.