- 5 Marks
PSAF – May 2018 – L2 – Q3c – Public sector fiscal planning and budgeting
Explain financial controls provided by the Financial Administration Regulation (FAR) 2004 over the management of public funds.
Question
The Financial Administration Regulation (FAR) 2004 L.I 1802 provided for various financial controls over the management of public funds.
Required:
Explain the controls provided by the FAR under the following areas:
i) Signing a blank document
ii) Security of signatures
iii) Use of indelible ink and prohibition of alterations
iv) Amendment of figures
v) Fraction of reporting currency
Find Related Questions by Tags, levels, etc.
- Tags: Document Security, FAR 2004, Financial Controls, Public Fund Management
- Level: Level 2
- Topic: Public sector fiscal planning and budgeting
- Series: MAY 2018
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