National Pensions Reserve Fund Act, 2000
Accounts and audits. |
26.—(1) The Commission shall keep in such form as may be approved of by the Minister all proper and usual accounts of all moneys and other assets appropriate to the Fund. The accounts shall include a separate account of the administration fees and expenses incurred by the Commission in the operation of the Fund. | |
(2) The audited accounts prepared under section 12 of the National Treasury Management Agency Act, 1990 , shall note a record of expenses incurred by the Agency as the Manager. | ||
(3) Accounts kept in pursuance of this section, signed by the chief executive officer of the Manager and by a commissioner authorised for that purpose, shall be formally adopted by the Commission and shall be submitted as soon as may be, but not later than 4 months, after the end of the financial year to which they relate by the Commission to the Comptroller and Auditor General for audit. A copy of the accounts as so audited shall be presented to the Minister as soon as may be and the Minister shall cause a copy of the accounts as so audited to be laid before each House of the Oireachtas. | ||
(4) The chief executive officer of the Manager shall, whenever required by the Committee of Public Accounts, give evidence to that committee on— | ||
(a) the regularity and propriety of the transactions recorded or required to be recorded in any book or other record of account subject to audit by the Comptroller and Auditor General which the Commission is required by or under statute to prepare, | ||
(b) the economy and efficiency of the Commission and the Manager in the use of the resources made available to them under section 17 and 23 , respectively, | ||
(c) the systems, procedures and practices employed by the Commission for the purposes of evaluating the effectiveness of its operations, and | ||
(d) any matter affecting the Commission referred to in a special report of the Comptroller and Auditor General under section 11 (2) of the Comptroller and Auditor General (Amendment) Act, 1993 , or in any other report of the Comptroller and Auditor General (in so far as it relates to a matter specified in paragraph (a), (b) or (c)) that is laid before Dáil éireann. | ||
(5) The chief executive officer of the Manager, if required under subsection (4) to give evidence, shall not question or express an opinion on the merits of any policy of the Commission or the objective of such a policy. |