(1)
Each agency shall establish a register of losses and
shall record in it details of each loss, including -
(a)
the
date of loss;
(b)
particulars
of the loss including value;
(c)
nature
and circumstances of the loss;
(d)
recovery
action taken;
(e)
any
amount recovered, written-off, waived or postponed;
(f)
a
record of the year of disclosure in the agency’s financial statements; and
(g) references to supporting documentation (e.g. loss reports, write off approvals, file references).
(Financial Instructions 2005 s(65))