Decree-Law No. 18 of 2001 Establishing the General Postal Corporation (Q-post)
طباعة
Section: The Corporation’s Budget and Accounts (24-28)
Article 24
1. The Corporation shall have an annual estimated budget,prepared in the form of commercial budgets, which shall be approved by a resolution of the Council of Ministers.
The Corporation's fiscal year shall begin on the first day of January and end on the last of December of each year, with the first fiscal year commencing from the date of the coming into effect of this Law until the end of December of the following year.
Article 25
The Board shall, no later than six months from the date of the end of each fiscal year, prepare an audited budget for the Corporation and its profit and loss account, as well as a report regarding the activities of the Corporation during the fiscal year and its financial situation for that year, including suggestions and recommendations, which shall be submitted to the Council of Ministers together with a copy of the auditor's report on the accounts.
Article 26
The Board may appoint one or more auditors or chartered accountants to audit the Corporation's accounts and shall determine their remuneration.
Article 27
The auditor shall at all times have the right to inspect any of the Corporation's account books, records and documents, and to request any information he deems necessary for the proper performance of his duties. The auditor shall also have the right to investigate the Corporation's assets and liabilities, and in the case of a lack of supporting evidence in the course of performing such investigation, the auditor shall submit a report thereon to the Board.
Article 28
The auditor shall submit his annual report to the Board and submit a copy thereof to the Audit Bureau.