A.Composition
The Audit and Oversight Committee shall comprise:
- A Vice National Chairperson designated by the National Chairperson ....President;
- An Assistant Secretary General designated by the Secretary General..Rapporteur
- The Internal Auditors of the National Executive Committee;
- Three Financial Experts appointed by the National Chairperson from among five recommended by the National Executive Committee;
- 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.
- It shall prepare the financial miens of the Party and submit to the National Executive Committee for examination and adoption;
- 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;
- 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;
- 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;
- 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;
- It shall present a comprehensive report of the financial situation and property ownership of the Party to the Convention;
- The financial year of the Party shall be from 1 st January to 31st December.