Regulations, 2007

L.N. 185 of 2007

FINANCIAL ADMINISTRATION AND AUDIT ACT

(CAP. 174)

General Financial Regulations (Amendment) (No. 2)

Regulations, 2007

IN exercise of the powers conferred by subarticle (1) of article 4 of

the Financial Administration and Audit Act, the Prime Minister and

Minister of Finance has made the following regulations>-

The title of these regulations is the General Financial Regulations Citation.

(Amendment) (No. 2) Regulations, 2007 and they shall be read and

construed as one with the General Financial Regulations, 1966, hereinafter L.N. 40 of 1966.

referred to as “the principal regulations”.

For regulation 62 of the principal regulations there shall be Substitutes

regulation 62 of

substituted the following>-

the principal

regulations.

“62. The accounting officer concerned shall be responsible

to verify that the incidence of charge is correct, that the payment will

not cause an excess on the provision authorized for the service, that

adequate information has been given on the voucher on the nature

of the services rendered or the supplies delivered, and that the

certificate has been signed by the proper officer.”.

For regulation 63 of the principal regulations there shall be Substitutes

regulation 63 of

substituted the following>-

the principal

regulations.

“63. (1) (a) Before authorizing payment, the Accountant

General may verify that the safeguards in article 62 have been

complied with, and if it appears to him that any payment voucher is

drawn up for a service not included in the estimates or that it is in

excess of the authorized provision for the service, or that it is in any

way inaccurate or incorrect, he shall withhold payment and return

the voucher to the department concerned.

(b) The selection of payments for verification

purposes shall be at the discretion of the Accountant General who

shall also reserve the right to conduct verifications as and when

required, without prior notice to accounting officers.

(2) During the verification process, authorized public

officers duly delegated by the Accountant General, may conduct on

the spot verifications of payments being processed and other

payments already processed and paid. These authorized officers

shall have a right of access at all times to the department’s

accounting records, accounts and vouchers and shall be entitled to

request from the accounting officers such information as they think

necessary for the performance of their duties. The information

may also be transmitted in either hard or soft copy as deemed

suitable by the delegated officer.

(3) It shall be the duty of every officer assigned to

conduct verifications, to immediately disclose to the Accountant

General, any form of conflict of interest he may have in any

verification, whether such conflict is direct or indirect, and refrain

completely from involving himself in that particular case.”.

(4) If it appears at any stage during the conduct of the

verification that the payment is unauthorized, the accounting officer

concerned shall be held responsible to recoup funds. In such an

event, the Accountant General shall report to Government of this

finding.”.

Mitbug[ fl-Istamperija tal-Gvern — Printed at the Government Printing Press

Lm0.08 (€0.19)