Para 2.6.25 — MSO

2.6.25 It should then be examined whether:

(i) the institutions have proper organizational arrangements for the discharge of accounting functions;

(ii) responsibilities for the performance of all duties in relation to the accounting functions are clearly defined and specifically assigned to appropriately qualified staff; and

(iii) the accounting system provides information necessary for:

(a) efficient and economical management of the operations of the body and the resources entrusted to it;

(b) proper monitoring of the activities by Government which has a substantial stake in it; and

(c) a meaningful evaluation of its achievements and shortcomings by external agencies, including Audit.