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Who is the Accounting Officer in terms of the Public Finance Management Act, 1999?

Updated May 21, 2025

Who is the Accounting Officer in terms of the Public Finance Management Act, 1999? a. The Chief Financial Officer.
b. The head of the department or the CEO of a constitutional institution.
c. The Chairman of the audit committee.
d. The Chairman of the board.

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Quizzma TeamMay 21, 2025

The correct answer is: b. The head of the department or the CEO of a constitutional institution.

Explanation: In terms of the Public Finance Management Act of 1999, the Accounting Officer is the head of the department or the Chief Executive Officer (CEO) of a constitutional institution. This individual is responsible for the financial management and oversight of the department or institution, ensuring compliance with financial regulations and proper use of public funds.