what are the functions of auditor general of the federation?
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By carrying out annual audits, the Auditor-General assists parliament to hold to account and call to account, all persons entrusted with management of public funds and resources. Auditor-General's audits ensures Parliaments' ultimate authority, supervision and control over all aspects of public finance.
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['preparing accounts and tax returns.', 'administering payrolls and controlling income and expenditure.', 'auditing financial information.', 'compiling and presenting reports, budgets, business plans, commentaries and financial statements.', 'analysing accounts and business plans.']
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The purpose of a statutory audit is to determine whether an organization provides a fair and accurate representation of its financial position by examining information such as bank balances, bookkeeping records, and financial transactions.
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['Helping protect assets and reduce the possibility of fraud.', 'Improving efficiency in operations.', 'Increasing financial reliability and integrity.', 'Ensuring compliance with laws and statutory regulations.', 'Establishing monitoring procedures.']
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['Providing strategic management of the accounting and finance functions.', 'Directing accounting policies, procedures and internal controls.', "Recommending improvements to ensure the integrity of a company's financial information."]
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The Board of Governors of the Federal Reserve System called the Federal Reserve Board or FRB for short, is a seven-member body that governs the Federal Reserve System, the U.S. central bank in charge of making the country's monetary policy. The FRB is considered an independent agency of the federal government.
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The Functions of the Federal Bureaucracy. The federal bureaucracy performs three primary tasks in government: implementation, administration, and regulation.
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A CAFR is a set of financial statements for a state, municipality or other governmental entity that comply with the accounting requirements established by the Governmental Accounting Standards Board (GASB). It must be audited by an independent auditor using generally accepted government auditing standards.
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The audit committee is responsible for oversight of the independent audit of the government entity's financial statements, including but not limited to overseeing the resolution of audit findings in areas such as internal control legal, regulatory compliance, and ethics.
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What is the purpose of the federal reserve? It works to strengthen and stabilize the nations monetary system. It provides financial services to the government, regulates financial institutions, maintains the payment system, enforces consumer protection laws, and conducts monetary policy.
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The functions of the High Court are to interpret and apply the law of Australia; to decide cases of special federal significance including challenges to the constitutional validity of laws and to hear appeals, by special leave, from Federal, State and Territory courts.
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['Lay solid foundations for management and oversight. ... ', 'Structure the Board to add value. ... ', 'Promote ethical and responsible decision-making. ... ', 'Safeguard integrity in financial reporting. ... ', 'Make timely and balanced disclosure. ... ', 'Respect the rights of shareholders. ... ', 'Recognise and manage risk. ... ', 'Encourage enhanced performance.']
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Federal grand juries serve two primary functions: (1) they aid federal prosecutors in investigating possible crimes by issuing subpoenas for documents, physical evidence, and witness testimony; and (2) they determine whether there is sufficient evidence to charge a criminal suspect with the crime or crimes under ...
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['Overview of the Federal Reserve System. ... ', 'The Three Key System Entities. ... ', 'Conducting Monetary Policy. ... ', 'Promoting Financial System Stability. ... ', 'Supervising and Regulating Financial Institutions and Activities. ... ', 'Fostering Payment and Settlement System Safety and Efficiency. ... ', 'Promoting Consumer Protection and Community Development.']
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Activities and responsibilities of the central banks Functions of a central bank may include: setting the official interest rate – used to manage both inflation and the country's exchange rate – and ensuring that this rate takes effect via a variety of policy mechanisms. controlling the nation's entire money supply.
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The Treasurer has a watchdog role over all aspects of financial management, working closely with other members of the Management Committee to safeguard the organisation's finances. ... In summary, the Treasurer is responsible for: General financial oversight. Funding, fundraising and sales. Financial planning and budgeting.
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['chairing meetings in which the government discusses policies and examines bills.', 'selecting members of the government to be ministers.', 'leading Cabinet in deciding government policy.']