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Chapter 73:01 - Audit

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L.R.O. 1/2012
LAWS OF GUYANA
AUDIT ACT
CHAPTER 73:01
Act
5 of 2004
Amended by



Current Authorised Pages
Pages
(inclusive)
Authorised
by L.R.O.
1 – 28 ... 1/2012





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Note
on
Subsidiary Legislation
Page
Audit Regulations. 24
(Reg. 4/2005)


Note
on
Repeal
This Act repealed the Parts I and IV of the Financial Administration and Audit Act 39 of 1961.

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L.R.O. 1/2012
CHAPTER 73:01
AUDIT ACT
ARRANGEMENT OF SECTIONS
SECTION
PART I
PRELIMINARY
1. Short Title and commencement.
2. Interpretation.
PART II
THE AUDITOR GENERAL
3. Auditor General Audit Office.
4. Functions.
5. Independence.
6. Conflict of interest.
7. Oath.
8. Conditions of service.
9. Removal from office.
10. Seal.
11. Regulations.
12. Authority.
PART III
OFFICERS AND EMPLOYEES OF THE AUDIT OFFICE
13. Job Description.
14. Appointment and discipline.
15. Laws administered.
16. Disengagement and re-employment.
17. Pension.
PART IV
CONTRACTING OF TECHINICAL EXPERTS AND CHARTERED
ACCOUNTANTS IN PUBLIC PRACTICE
18. Employment of contractors.
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SECTION
19. Guidelines for contracting.
20. Obligations of contractors.
21. Limit on tenure.
22. Limit on scope of work.
23. Authority.
PART V
AUDITS, REPORTS AND POWERS
24. Types of audit.
25. Annual reports.
26. Special reports.
27. Responses to draft reports.
28. Submission of reports.
29. Availability of reports.
30. Requirement to provide information.
31. Power to obtain information.
32. Power to obtain evidence.
33. Power to inspect bank accounts.
34. Access to premises.
35. Disclosure of information.
36. Cost recovery fees.
PART VI
OFFENCES
37. Offences.
38. Requests for prosecution.
39. Penalties.
PART VII
FINANCES AND ACCOUNTABILITY OF THE AUDIT OFFICE
40. Funds of the Audit Office.
41. Application of funds.
42. Periodic reports.
43. Performance and financial report.
44. Independent audit.
45. General supervision.
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SECTION
PART VIII
REPEAL
46. [Omitted]
47. Power to remove difficulties
_________________________
CHAPTER 73:01
AUDIT ACT
5 of 2004 An Act to set out the responsibilities and authority of the
Auditor General; to strengthen Parliamentary oversight
over the work of the Auditor General; to provide for
the establishment and administration of an
independent Audit Office; and to regulate such
other matters connected with or incidental to the
independent auditing of the finances of Guyana.
[27TH APRIL, 2005]

Short title.

Interpretation.

c. 73:02
1. This Act may be cited as the Audit Act.
2. (1) In this Act, unless the context otherwise requires—
“annual budget proposal”, “appropriation”, “Budget Circular”,
“budget agency”, “Head of a budget agency”,
“official”, and “Programme Performance Statement” have
the same meaning as in the Fiscal Management and
Accountability Act;
“Chartered Accountant in public practice” means a
Chartered Accountant or firm of Chartered Accountants
authorised by the Institute of Chartered Accountants of
Guyana to engage in public practice under section 11 of
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c. 39:13
c.73:02
c.1:01
Auditor
General Audit
Office.
c. 1:01
the Institute of Chartered Accountants of Guyana Act .
“concerned Minister” means the Minister assigned
responsibility for the relevant budget agency or other
public entity;
“consolidated financial statements” means the consolidated
financial statements prepared under section 73 of the
Fiscal Management and Accountability Act;
“expenditure” means payments of public moneys authorised
by an Appropriation Act or any other law or a resolution
of the National Assembly;
“prescribed date” means the date prescribed by the Minister
responsible for finance under section 1(2);
“Public Accounts Committee” referred to in article 223(5) of
the Constitution means the Public Accounts Committee
established by Order 70(2) of the Standing Orders
of the National Assembly;
“revenue” means all tolls, taxes, imposts, rates, duties, fees,
fines, penalties, forfeitures, rents, dues, proceeds of sale
and all other receipts of the Government, from whatever
source arising, over which Parliament has the power of
appropriation, including the proceeds of all loans raised
and all grants and gifts received by the Government.
“Rules, Policies and Procedures Manual” means the Rules,
Policies and Procedures Manual made under section 11.
PART II
THE AUDITOR GENERAL
3. (1) There shall, in accordance with article 223 of
the Constitution, be an Auditor General for Guyana, whose
office shall be a public office.

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Functions.

Independence.
c. 1:01
Conflict of
interest.
(2) There shall be an Audit Office comprising the
Auditor General and the officers and employees appointed
thereto.
4. (1) The Auditor General shall be the external
auditor of the public accounts of Guyana and, in the discharge
of his functions, shall have complete discretion in examining
and reporting on the receipt, disbursement, and control of
public moneys and on the economy, efficiency and
effectiveness in the use of such moneys.
(2) Without prejudice to subsection (1), the
Government may cause an additional audit to be conducted by
an auditor other than the Auditor General where an agreement
entered into between the Government and an international
financial institution so dictates.
(3) Without prejudice to subsections (1) and (2), the
Minister responsible for finance may request the Public
Accounts Committee to cause an additional audit to be
conducted by an auditor other than the Auditor General.
(4) Notwithstanding anything in this Act or any
other law, Government’s right to conduct or cause to be
conducted internal audits remains unimpaired.
5. The Auditor General shall, in accordance with
article 223(4) of the Constitution, act independently in the
discharge of his functions.
6. (1) The Auditor General shall not have a direct or
indirect official role in any private or professional entity or
activity that he could profit from or influence through his
powers as Auditor General and he shall declare to the Public
Accounts Committee any of his commitments, obligations or
investments which may present a real or perceived conflict of
interest.

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Oath.
c. 1:01

Conditions of
service
Removal from
office.
c. 1:01
Seal.

Regulations.
(2) The Auditor General may act as an officer of,
collaborate with, or participate in the activities of professional
auditing or accounting organisations and standard-setting
bodies whose activities cannot be perceived to be in conflict
with his duties.
7. The Auditor General shall not enter upon the duties
of his office unless he has taken and subscribed before the
Speaker of the National Assembly the oath in the form set out
in the First Schedule to the Constitution.
8. The salary, superannuation benefits and other
conditions of service of the Auditor General shall be the same
as those of the Chief Justice.
9. The Auditor General may be removed from office
only in accordance with the provisions of article 225 of the
Constitution.
10. The Auditor General shall maintain the seal of the
Audit Office and shall determine under what circumstances it
shall be used.
11. (1) The Auditor General may, with the approval of
the Public Accounts Committee, make regulations for the
administration of this Act.
(2) Without prejudice to the generality of subsection
(1), such regulations may include a Rules, Policies and
Procedures Manual regarding the management and operation
of, the conduct of audits by, and the standards by which
such audits shall be conducted by, the Audit Office.
(3) Within fifteen days of the publication in the
Gazette of any regulations made under this section, the Public
Accounts Committee shall cause to be lodged with the Clerk of
the National Assembly a copy of the regulations and a notice of
motion for the confirmation of the regulations by the Assembly.
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Authority.


Job description.


Appointment
and discipline.
c. 1:01
(4) As soon as practicable thereafter, the regulations
shall be laid before the National Assembly and the motion
moved therein.
(5) The National Assembly may confirm the
regulations with or without amendment or may revoke
them, and the regulations shall come into operation upon the
publication of the resolution in the Gazette.
12. For the purpose of discharging the functions of his
office, the Auditor General may, subject to the provisions of this
Act or any other law, do anything and enter into any
transaction including—
(a) establishing and implementing
human resource management systems
and policies;
(b) developing and maintaining such
systems, whether by computer or other
means, for the collection, storage,
analysis, and retrieval of information;
and
(c) formulating procedures for conducting
audit work.
PART III
OFFICERS AND EMPLOYEES OF THE AUDIT OFFICE
13. The Auditor General shall establish job descriptions
with clearly defined qualifications, responsibilities and
performance expectations for all positions in the Audit Office.
14. (1) Subject to subsection (3), within the framework
of the budget approved for the Audit Office, the Auditor
General shall assess staffing needs, and appoint, pay, train,
assign, promote, and discipline officers and employees in
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Laws
administered.

Disengagement
and re-
employment.
accordance with the Constitution, this Act, the Rules, Policies
and Procedures Manual and any other law.
(2) The officers and employees shall be appointed at
such remuneration and on such other terms and conditions
as the Auditor General may decide, within the framework of
the budget approved for the Audit Office, taking into
consideration the Rules, Policies and Procedures Manual.
(3) The Auditor General’s appointment and
discipline of all senior officers and senior employees shall be
subject to approval by the Public Accounts Committee.
15. The Rules, Policies and Procedures Manual and all
other laws shall be administered to ensure that—
(a) there is fair and equal treatment of
individuals applying for or offered
appointments;
(b) appointment and promotion decisions
are made on the qualification and
merit of every individual eligible for
consideration; and
(c) in disciplinary matters, the right to
be heard and to make representations
is guaranteed.
16. (1) Before the prescribed date—
(a) the Auditor General shall identify
such of the officers and employees of
the existing office of the Auditor
General as he wishes to re-employ in
the Audit Office with effect from the
prescribed date and the terms and
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Pension.
c. 27:02
conditions of such re- employment;
(b) the Auditor General shall notify every
officer and employee in writing as
to whether approval has been granted
for his re- employment under
paragraph (a) and, if so, the terms and
conditions of such re- employment;
(c) every officer and employee in receipt
of an offer of re- employment under
paragraph (b) shall respond to the
Auditor General in writing accepting
or rejecting the offer of re-
employment; and
(d) every officer and employee not in
receipt of or rejecting an offer of re-
employment under this subsection shall
be referred to the Public Service
Commission for appropriate action by
the Commission.
(2) With effect from the prescribed date, every
officer and employee accepting an offer of re-employment
under subsection (1) shall be re-employed on such terms and
conditions as determined by the Auditor General, within the
framework of the budget approved for the Audit Office.
17. (1) For the removal of doubt, with effect from
the prescribed date, the officers and employees of the Audit
Office shall not be public officers; and service within the Audit
Office with effect from the said date shall not be pensionable
service for the purposes of the Pensions Act.
(2) Every officer and employee re-employed within
the Audit Office under section 16(2) shall receive
superannuation with respect to his pensionable service prior to
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Employment of
contractors.
Guidelines for
contracting.
the prescribed date on attainment of the age of fifty-five years
and, for that purpose, his pensionable emoluments on
attainment of the age of fifty five years shall be deemed to be
his pensionable emoluments on the date immediately
preceding the prescribed date.
(3) The Auditor General may, within the
framework of the budget approved for the Audit Office, make
provision for the payment of pension, gratuity or other
allowance in respect of the service of the officers and
employees of the Audit Office on and after the prescribed
date on their retirement therefrom.
PART IV
CONTRACTING OF TECHNICAL EXPERTS AND
CHARTERED ACCOUNTANTS IN PUBLIC PRACTICE
18. In the discharge of his functions, the Auditor
General may engage the services of technical experts and
Chartered Accountants in public practice to serve on a
contract basis for limited audit engagements including those
required as part of agreements with international organisations.
19. In contracting with technical experts and
Chartered Accountants in public practice, the Auditor General
shall, subject to this Act, follow the detailed guidelines in the
Rules, Policies and Procedures Manual to—
(a) recruit and determine the terms of
employment and remuneration;
(b) in selecting from among applicants,
receive recommendations from a
committee comprising the Finance
Secretary, the Governor of the Bank of
Guyana, the Commissioner General of
the Guyana Revenue Authority, a
representative of the Institute of
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Obligations of
contractors.
Limit on
tenure.

Limit on scope
of work.
Chartered Accountants of Guyana
(who is not in public practice) and the
Head of the Department of
Management Studies at the University
of Guyana;
(c) award the contract;
(d) determine the manner in which the
required work shall be completed;
(e) approve the audit plan and audit
procedures (scope and methodology)
for the assignment;
(f) review the work-papers, reports, and
the opinion (in the case of a financial
audit) prepared by the contractor; and
(g) request additional work if he deems it
necessary to satisfy the terms of the
contract.
20. In discharging their functions, technical experts and
Chartered Accountants in public practice engaged under
contract with the Audit Office shall be required to follow
auditing standards approved for use by the Auditor General
and shall be subject to the Rules, Policies and Procedures
Manual.
21. The Auditor General shall not contract a Chartered
Accountant in public practice to perform audit services with
respect to the same entity for more than six consecutive years.
22. Chartered Accountants in public practice contracted
by the Auditor General under this Part shall not provide tax or
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Authority.

Types of audit.
accounting advice or management consulting services to any
entity with respect to which they are contracted by the Auditor
General to provide audit services.
23. The Auditor General may delegate to technical
experts and Chartered Accountants in public practice
contracted under this Part such of his powers under this Act
and any other law as may be necessary for the purposes of
performing the contracted audit engagement.
PART V
AUDITS, REPORTS AND POWERS
24. (1) As external auditor of the public accounts of
Guyana, the Auditor General shall be responsible for
conducting—
(a) financial and compliance audits; and
(b) performance and value-for-money
audits, with respect to—
(i) the consolidated financial
statements;
(ii) the accounts of all budget
agencies;
(iii) the accounts of all local
government bodies;
(iv) the accounts of all bodies and
entities in which the State has a
controlling interest; and
(v) the accounts of all projects
funded by way of loans or
grants by any foreign State or
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organisation.
(2) In conducting financial and compliance
audits, the Auditor General shall examine in such manner
as he deems necessary the relevant financial statements and
accounts and ascertain whether—
(a) the financial statements have been
properly prepared, in accordance
with applicable law, and properly
present the operations and affairs of
the entity concerned;
(b) the accounts have been
faithfully and properly kept;
(c) the rules, procedures and internal
management controls are sufficient to
secure effective control on the
assessment, collection and proper
allocation of revenues;
(d) all moneys expended and charged
to an account have been applied to
the purpose or purposes for which
they were intended; and
(e) essential records are maintained,
and the internal management controls
and the rules and procedures
established and applied are sufficient
to safeguard the control of stores and
other public property.
(3) In conducting performance and value-for-
money audits, the Auditor General shall examine the extent
to which a public entity is applying its resources and carrying
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Annual reports.
Special reports.

Responses to
draft reports.
Submission of
reports.

Availability of
reports.

Requirements
to provide
information.
out its activities economically, efficiently, and effectively and
with due regard to ensuring effective internal management
control.
25. The Auditor General shall report at least
annually, and within nine months of the end of each fiscal
year, on the results of his audit of the consolidated financial
statements and the accounts of budget agencies in relation to
that fiscal year.
26. During the course of the year, the Auditor General
may choose to conduct special audits and at his discretion
prepare special reports when such audits are completed.
27. At the conclusion of any audit, the Auditor
General shall provide the relevant Head of a budget
agency, or the governing body in the case of other
public entities, with a draft report including findings and
recommendations, and the Head of the budget agency
or the governing body shall provide a written response
to the Auditor General within thirty days, which response
the Auditor General shall include in his report to be
submitted for laying before the National Assembly.
28. The Auditor General shall, in accordance with
article 223(3) of the Constitution, submit his reports to the
Speaker of the National Assembly, who shall cause them to
be laid before the Assembly.
29. Reports of the Auditor General, when laid
before the National Assembly, may be made available by
the Auditor General to the public for a cost recovery fee.
30. The Head of a budget agency, or the governing
body in the case of other public entities, shall ensure that
the Auditor General has access at all reasonable times to the
documents of the budget agency or entity relating to the
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Power to
obtain
information.

Power to
obtain
evidence.

Power to
inspect bank
accounts.
discharge of the Auditor General’s functions. This shall
include providing reasonable, suitable and secure space for
the Audit Office to conduct its work. The Head of a budget
agency or governing body shall also furnish the Auditor
General from time to time or at regular periods, as may be
specified by the Auditor General, with the accounts of the
transactions of the budget agency or entity.
31. For the purpose of the discharge of his functions,
the Auditor General may require a public entity, or any
officer or employee of a public entity, to—
(a) produce a document in the entity’s
or person’s custody, care or control;
and
(b) provide the Auditor General with
information or an explanation about
any information.
32. The Auditor General may, in the course of the
discharge of his functions, require a person to give evidence
either orally or in writing.
33. For the purpose of the discharge of his functions,
the Auditor General may examine or audit the account of
any person in any bank if the Auditor General has reason to
believe that moneys belonging to a public entity have been
fraudulently or wrongfully paid into such person’s account,
except that—
(a) to exercise this authority, the Auditor
General shall establish that information
obtained shall not be used for any
purpose other than intended, and shall
first obtain a warrant from a court
authorising such examination;
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Access to
premises.

Disclosure of
information.
(b) when prevented with the warrant,
the bank through its officer shall
produce any documents or provide
requested information relating to the
relevant account; and
(c) the Auditor General may make copies
of any documents so produced.
34. For the purpose of obtaining documents,
information or other evidence relevant to any matter arising in
the discharge of his functions, the Auditor General or any
officer so authorised by him may, at all reasonable times and
with proper identification—
(a) enter into and remain on a
public entity’s premises;
(b) enter into and remain on any other
premises if so authorised by a
warrant issued by a court on the
grounds that there is reason to believe
that documents or other information
relating to the activities of a public
entity may be held at those premises;
and
(c) carry out a search for
documents, examine documents, or
make copies of documents.
35. (1) No person shall, without the written consent
of the Auditor General, publish or disclose information
obtained in the course of an audit to any person other
than in the course of his duties or when lawfully required
to do so by a court.
(2) Every person conducting an audit shall regard
L.R.O. 1/2012
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Cost recovery
fees.

Offences.
and deal with all documents and information relating to
the audit as secret and confidential and shall make and
subscribe a declaration in the form prescribed to that effect
before the Auditor General.
36. Where the Auditor General renders a service to an
entity other than a budget agency or a foreign-funded
project, he may charge a cost recovery fee which shall be
paid into the Consolidated Fund.
PART VI
OFFENCES
37. A person commits an offence who, knowingly
and without lawful justification or excuse—
(a) intentionally obstructs, hinders or
resists the Auditor General or an
officer authorised by him in the
exercise of his power under this Act;
(b) intentionally refuses or fails to
comply with any lawful requirement
of the Auditor General;
(c) makes a statement or gives
information to the Auditor General
or an officer authorised by him
knowing that the statement or
information is false or misleading;
(d) represents directly or indirectly
that the person holds any
authority under this Act when
the person knowingly does not hold
that authority; or

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Requests for
prosecution.

Penalties.

Funds of the
Audit Office.
c. 1:01
(e) contravenes or violates the
provisions of section 35.
38. If the Auditor General has reason to believe that
an offence was committed, he shall request the Director of
Public Prosecutions and the Commissioner of Police to take
appropriate action and prosecute the offender if necessary.
39. A person who is convicted of an offence under
section 38 is liable, on summary conviction, to a fine not to
exceed two hundred thousand dollars and to imprisonment
for a term not to exceed five years; an entity or body of
persons which is convicted of such an offence is liable, on
summary conviction, to a fine not to exceed one million
dollars.
PART VII
FINANCES AND ACCOUNTABILITY OF THE AUDIT
OFFICE
40. (1) The expenditure of the Audit Office shall, in
accordance with article 222A (a) of the Constitution, be
financed as a direct charge on the Consolidated Fund,
determined as a lump sum by way of an annual
subvention approved by the National Assembly after review
and approval of the Audit Office’s budget as a part of the
process of the determination of the national budget.
(2) For the removal of doubt, at an
appropriate time within the timetable established by the
Minister responsible for finance for the preparation of the
annual budget proposal—
(a) the Auditor General shall prepare,
in accordance with the rules,
procedures and guidelines set out in
the Budget Circular, and submit to
the Public Accounts Committee a
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Application of
funds.
c. 1:01
budget submission for the Audit
Office, including work plans and
programmes, for the next ensuing
fiscal year;
(b) the Public Accounts Committee
shall review the budget submission
made under paragraph (a) and
provide comments for consideration
by the Auditor General;
(c) after considering comments from the
Public Accounts Committee, the
Auditor General shall revise the
budget submission and re-submit it
to the Public Accounts Committee for
endorsement;
(d) the Public Accounts Committee shall,
no later than ninety days before the
commencement of the next ensuing
fiscal year, forward the revised
budget submission for that year,
together with its comments thereon,
to the Minister responsible for finance
for consideration and inclusion in the
annual budget proposal; and
(e) the Minister responsible for finance
shall include in the annual budget
proposal a subvention for the Audit
Office within the allocations of the
Parliament Office to be voted on by
the National Assembly.
41. (1) The Auditor General shall, in accordance with
article 222A(b) of the Constitution, manage the subvention of
the Audit Office in such manner as he deems fit for the
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Periodic
reports.
Performance
and financial
report.


Independent
audit.
efficient discharge of his functions, subject only to
conformity with the financial practices and procedures
approved by the National Assembly to ensure accountability.
(2) Expenses to be paid from this subvention
shall include—
(a) salaries and allowances of the
officers and employees of the Audit
Office;
(b) the fees for such reasonable
travelling, transportation and
subsistence allowances as required
by officers and employees engaged in
conducting the business of the
Audit Office; and
(c) reasonable costs for training and
professional development activities.
42. The Auditor General shall prepare and submit
to the Public Accounts Committee, within four weeks of the
end of each quarter, a quarterly report on the performance
and operation of the Audit Office in the format of a
Programme Performance Statement.
43. The Auditor General shall submit to the Public
Accounts Committee, within four months of the end of each
fiscal year, an Annual Performance and Financial Audit
Report, which shall include a Programme Performance
Statement for that year, with respect to the Audit Office.
44. The Public Accounts Committee shall, in respect
of each fiscal year, appoint an independent auditor to audit
and report on the financial statements, accounts, and other
information relating to the performance of the Audit Office in
that year. This may include awarding the contract to an
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General
supervision.
c. 1:01


Power to
remove
difficulties.
international firm.
45. The Public Accounts Committee may, in
accordance with article 223 of the Constitution, exercise
general supervision over the functioning of the Audit Office,
including the functions of the Auditor General under Part
III, in accordance with the Rules, Policies and Procedures
Manual and any other law.
PART VIII
REPEAL
46. [Omitted]
47. The Minister responsible for finance may,
for the purpose of removing any difficulty in giving effect to
the provisions of this Act, particularly in relation to the
transition from the provisions of the Financial
Administration and Audit Act to the provisions of this
Act, make such Order or give such direction not inconsistent
with the provisions of this Act, as appears to him to be
necessary or expedient for the purpose of removing the
difficulty:
Provided that no such Order or direction shall be
made or given after the expiry of two years from the
commencement of this Act.
__________________

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SUBSIDIARY LEGISLATION
_________________
AUDIT REGULATIONS
REGULATION
1. Citation.
2. Interpretation.
3. Committee structure.
4. Divisions and functions of Audit Office.
5. Audit standards.
6. Strategic plan.
7. Audit method.
8. Forensic audit.
9. Code and oath.
10. Appointment, promotion, discipline and
termination of employment.
11. Emoluments.
12. Duty free concession.
13. Discipline.
14. Guidelines in Manual.
15. The Manual.
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Audit Cap. 73:01 25
L.R.O. 1/2011
Reg 4/2005 AUDIT REGULATIONS

made under section 11
Citation.
Interpretation.

Committee
structure.

1. These Regulations may be cited as the Audit Regulations .
2. In these Regulations, unless the context otherwise requires

"Audit Office" means the Audit Office established by section 3(2) of
the Act;
"Executive Management Committee" means the committee
established under regulation 3(1) (a);
"Management Committee" means the committee established under
regulation 3(1) (b);
"Manual" means the Rules, Policies and Procedures Manual referred
to in section 2 of the Act.
3. (1) There is hereby established for the Audit Office the
following committees –
(a) the Executive Management Committee, and
(b) the Management Committee.
(2) The functions and membership of each of the
committees mentioned in paragraph (1) shall be as set out in Figure
3.1 in the Manual.
(3) The Auditor General shall appoint members of the
committees on such terms and conditions as he thinks fit.
(4) The Auditor General may establish such other
LAWS OF GUYANA
26 Cap. 73:01 Audit

[Subsidiary] Audit Regulations
L.R.O. 1/2011
Divisions and
functions of
Audit Office.
Audit
standards.

committees as he may determine, after taking into consideration the
provisions of the Manual.
4 .(1) The Audit Office shall consist of the following
divisions –
(a) Human Resources Division; Audit Office.
(b) Finance and Accounts Division;
(c) Information Technology Division; and
(d) Audit Operations Division.
(2) The Auditor General may establish in the Audit
Office such other divisions for carrying out such functions as he
thinks fit.
(3) The structure and functions of the Audit
Operations Division shall be determined by the Auditor General.
(4) The structure and functions of the other divisions
shall be as stated in section 10 of the Manual.
5. (1) The Auditor General shall, in accordance with the
provisions of the Manual, determine the auditing standards for the
Audit Office, which shall include –
(a) the auditing standards and code of ethics
published by the International Organization
of Supreme Audit Institutions (INTOSAI)
used for conducting audits of central
government entities;
(b) the auditing standards and code of ethics
published by the International Federation of
Accountants (IFAC) used for conducting
audits of public enterprises; or
LAWS OF GUYANA
Audit Cap. 73:01 27

[Subsidiary] Audit Regulations
L.R.O. 1/2011
Strategic plan.

Audit method.

Forensic audit.

Code and oath.
(c) both standards mentioned in paragraph (a)
and (b)
(2) The Auditor General shall issue to the officers and
employees of the Audit Office copies of the relevant auditing
standards determined by him under this regulation, and they shall
comply with the standards in the discharge of their functions.
(3). The Management Committee shall set expectations
with respect to audit standards determined by the Auditor General;
and shall monitor the work of officers and employees and measure
the work against the expectations.
6. (1) The Executive Management Committee, within six
months from the date of coming in operation these Regulations,
shall prepare a Three-year Strategic Plan for the Audit Office.
(2) The Three-year Strategic Plan shall be updated
annually by the Executive Management Committee and shall be
discussed with the Chairman of the Public Accounts Committee.

7. The Management Committee shall determine the scope
and methodology to be used in the conduct of audit assignments.
8. (1) The Auditor General shall establish within the Audit
Office a Forensic Audit Unit.
(2) Where any matter is referred to the Forensic Audit
Unit, the Unit shall investigate the matter fully and submit a report
with recommendations to the Auditor General who, where a
criminal offence has been committed, shall refer the matter to the
Director of Public Prosecutions and send a copy to the
Commissioner of Police for appropriate action.
9. All officers and employees of the Audit Office, whether
employed prior to or after the coming into operation of the Act or
these Regulations, shall be served with copies of the Staff letter and
LAWS OF GUYANA
28 Cap. 73:01 Audit

[Subsidiary] Audit Regulations
L.R.O. 1/2011
Appointment,
promotion,
discipline and
termination of
employment.
Emoluments.
Duty free
concession.

Discipline.

Guidelines in
Manual.
The Manual.
Conflict of Interest Code which they shall observe, and the Oath of
Professional Conduct which they shall take as set out in Exhibits 8.1,
8.2, and 8.3 respectively, in the Manual.
10. Appointment, promotion, discipline and termination of
employment of officers and employees shall be effected in
accordance with the provisions of the Act and the Manual.

11. The salaries and allowances payable to officers and
employees of the Audit Office shall be in accordance with the
provisions of Section 14 of the Act and Section 13 of Manual.
12. Officers and employees of the Audit Office may apply to
the Auditor General to be recommended for duty free concessions
for the purchase of motor vehicles and shall provide him with the
relevant documents in accordance with section 12.6.14 of the
Manual.

13. In dealing with the subject of discipline the Auditor
General shall follow strictly the relevant provisions of Part III of the
Act and the manual, bearing always in mind the right of a person
accused of an offence to make representations on his behalf.
14. Officers and employees of the Audit Office in carrying
out their duties shall follow the guidelines in the Manual.
15. The Manual shall form part of these Regulations.
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