Hong Kong Ordinances

PERMANENT SECRETARY FOR EDUCATION INCORPORATION ORDINANCE - SECT 8

Accounts, audit and annual report

(Past version on 28/02/2003).
(Past version on 01/07/1997).
(Past version on 30/06/1997).

For the saving and transitional provisions relating to the amendments made by
the Resolution of the Legislative Council (L.N. 130 of 2007), see paragraphs
(12) and (14) of that Resolution.

(1) The corporation shall keep accounts and records of all transactions in
respect of any trust funds it administers.

(2) The Director of Accounting Services may give such directions in writing to
the corporation as he thinks fit with respect to the keeping of accounts and
records referred to in subsection (1) and the corporation shall comply with
any such direction.

(3) The corporation shall prepare in relation to the trust funds it
administers a statement of accounts of the funds for each period of 12 months
ending on 31 August in any year, in such form as the Director of Accounting
Services may require in writing.

(4) A statement of accounts required by subsection (3) shall be signed by the
person for the time being performing the duties of the office of the Permanent
Secretary for Education and shall, unless the accounts of the trust funds the
corporation administers have been audited by an independent accountant under
section 24(4) of the Trustee Ordinance ( Cap 29), be submitted by the
corporation to the Director of Audit not later than 28 February following the
end of the period to which it relates, or such later date as the Chief
Executive may allow. (Amended 55 of 2000 s. 3; 3 of 2003 s. 38; L.N. 130 of
2007)

(5) Where the statement of accounts is submitted to the Director of Audit
under subsection (4), such statement of accounts and the accounts of the funds
referred to in subsection (1) shall be audited by the Director of Audit, who
shall certify the statement of accounts together with such report, if any, as
he may think fit and submit the audited statement of accounts and the report
thereon, if any, to the corporation.

(6) A copy of the corporation's audited statement of accounts, together with
the Director of Audit's report, if any, and a report, if any, by the
corporation on the administration of the fund during the period covered by the
audited statement of accounts shall be laid upon the table of the Legislative
Council not later than 3 months after the audited statement of account and the
report thereon, if any, are received by the corporation from the Director of
Audit. (Added 21 of 1989 s. 2)