Singapore legislation
Clause 36
Clause 36
Financial accounts and records
A public body must —
(a)
keep proper accounts and records of its transactions and affairs and in accordance with the requirements of written law; 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 property and assets of, or in the custody of, the public body and over the expenditure incurred by the public body.