Financial Governance. 1. The Parties shall promote sound public financial management, including effective and transparent domestic revenue mobilisation, budget management and the use of public revenues in line with the principles of the Addis Tax Initiative. They shall promote sustainable public debt management, sustainable procurement systems and support for national oversight bodies.
2. The Parties shall improve the governance and revenue management of natural resources, enabling communities and societies to thrive from their use, including through compliance with the Extractive Industries Transparency Initiative and the Xxxxxxxxx Process.
3. The Parties shall combat tax fraud, tax evasion, tax avoidance and illicit financial flows and shall strengthen asset recovery. They shall work towards ensuring the efficiency, effectiveness, certainty, transparency and fairness of tax systems.
4. The Parties shall take concrete measures, including by enacting legislation, and shall strengthen relevant institutions and mechanisms to implement the principles of good governance in the tax area.
Financial Governance. The WEDMCN has not been allocated any funding and does not hold any budgetary responsibilities at this time.
4.1 Tier 4 funding (needs to be included in terms of the responsibility of the network)
Financial Governance. NHA shall ensure that its internal controls are adequate for preparation of financial statements in accordance with International Financial Reporting Standards, and for annual independent audit in accordance with International Standards of Auditing. NHA shall ensure that all qualifications to financial accounts mentioned in the 2006-2007 report shall be rectified by 31 March 2009.
Financial Governance. 5.1.1 The Company agrees to open and maintain at least one bank account, register for VAT (when applicable) and provide the NMBMM with its VAT registration number, and a copy of its VAT 103 certificate.
5.1.2 The Company will pay all income received into a bank account in the name of the Company.
5.1.3 The Executive Officer of the Company, who is accountable to its board of directors, will administer the bank account(s).
5.1.4 The NMBMM shall make payments directly to the Company. The Company's bank account details are: Account Name: The Richmond Hill SRA NPC Name of Bank: Standard Bank Branch Number: 051001 Bank Account Number: 080292771
Financial Governance. As financial and in-kind support agreements are solidified, exhibits to this Agreement will be added and signed by the contributing partner. The exhibits will also include governance and fiduciary processes for decision-making on Consortium investments. No money will be exchanged until a formal ask is made of each partner and a further detailed work plan is provided.
Financial Governance. The Borrower shall cause each IA to ensure that its internal controls are in accordance with national accounting standards and an independent and autonomous internal audit department is set up within each IA.
Financial Governance. 2.1. Ensure financial transactions are properly authorised and are in compliance with the delegations manual and other sound financial governance protocols.
2.2. Assist with the development and maintenance of finance procedure manuals in accordance with board approved policies.
2.3. Assist in the revision of finance forms in accordance with policy and organisational changes, as and when required.
Financial Governance. 5.1.1 The Company agrees to open and maintain a bank account solely for the purposes of this Agreement, register for VAT (when applicable) and provide the MUNICIPALITY with its VAT registration number, and a copy of its VAT 103 certificate.
5.1.2 The Company will pay all income received pursuant to this Agreement into the bank account in the name of the Company.
5.1.3 The Executive Officer of the Company, who is accountable to its board of directors, will administer the bank account(s).
5.1.4 The MUNICIPALITY shall make payments directly to the Company. The Company's bank account details are: Account Name: XXXXXXX Name of Bank: XXXXXXX Branch Number: XXXXXXX Bank Account Number: XXXXXXX
Financial Governance. The NTDC will ensure that its internal controls will be in accordance with the National Accounting Standards, and an independent and autonomous internal audit department will be set up within NTDC.
Financial Governance. There are differing potential funding models available to a safeguarding partnership in relation to the commissioning and running of a MASH. These fall into two main models; A joint funding model where partners involve themselves in an agreement to pool financial resources in relation to areas of delivery which lend themselves to such an agreement. A model where partners retain complete autonomy in relation to all financial issues relevant to their participation within the MASH. There are issues which will require negotiation in relation to either of the models as well as any derivative of the two. As such it is essential that the Local Project Board identifies at the earliest opportunity the preferred model and the governance for it. It is also essential that an organisation is identified as the lead partner in relation to any pooled resourcing model and provides the necessary accounting processes for such. (Recommendation 9)
