A.Composition

The Audit and Oversight Committee shall comprise:
  1. A Vice National Chairperson designated by the National Chairperson ....President;
  2. An Assistant Secretary General designated by the Secretary General..Rapporteur
  3. The Internal Auditors of the National Executive Committee;
  4. Three Financial Experts appointed by the National Chairperson from among five recommended by the National Executive Committee;
  5. A National Legal Adviser designated by the National Chairperson from among the National Legal Advisers.

B.Powers and Functions of the Audit and Oversight Committee.

  1. It shall prepare the financial miens of the Party and submit to the National Executive Committee for examination and adoption;
  2. It shall ensure the strict implementation of the financial rules of the Party and also ensure that the budget is prepared, adopted and implemented in conformity therewith;
  3. It shall, on a constant basis, review the financial performance of the Party, execution of the budget by the Party officials and make recommendations to the National Executive Committee for appropriate action;
  4. It shall examine the annual financial report of the National Financial Secretaries and National Treasurers and make Recommendations to the National Executive Committee for quitus or non quitus;
  5. It shall maintain an up-to-date inventory of all property, moveable or immovable, of the Party and make recommendations to the National Executive Committee for their effective use, deployment and improvement;
  6. It shall present a comprehensive report of the financial situation and property ownership of the Party to the Convention;
  7. The financial year of the Party shall be from 1 st January to 31st December.