(1)
Each agency must have in place a cost effective system
of internal controls which -
(a)
safeguards money and property against
loss;
(b)
avoids or detects accounting errors;
and
(c)
avoids unfavorable audit reports.
The Accounting Head of an agency is responsible to the Chief Executive Officer for the effective design and operation of internal controls across the agency.
(Financial Instructions 2005 s(70))