No. 12
Tanzania Communications Regulatory Authority
2003 41
(2) The Authority shall use funds from the special account only for
one or more of the following purposes (a) consumer education or information projects;
(b) special non-recurring projects; (c) budgeted capital expenditure;
(d) major rate regulating inquiries.
(e) training, research and development.
Accounts
and financial audit
51-- (1) The Authority shall keep books of accounts and maintain
proper records of its operations in accordance with commercial accounting
standards.
Act No.
33
of 1972
(2) The accounts of the Authority may at any time and shall, at the
end of each financial year, be audited by a person registered as an auditor
under the Auditors and Accountants (Registration) Act, 1972, appointed
by the Authority on such terms and conditions as the Authority may
determine.
Performance
audit
52.- (1) The Controller and Auditor General shall at least once every
two years and more frequently as he sees fit, conduct a performance
audit by the Authority of its functions including its performance in
relation to key performance indicators.
(2) The Controller and Auditor General may, where necessary
conduct additional audit of the Authority as requested by the Minister.
Annual
report
53.- (1) Before 30th September each year, the Authority shall prepare
an annual report in respect of that year up to 3011 June and submit it to
the Minister, who shall lay it before the National Assembly.
(2) The annual report shall provide detailed information regarding
the exercise of the functions and powers of the Authority during the
year to which it relates and shall include (a) a copy of the audited accounts of the Authority as per section 5 1;
(b) a copy of the report of the Controller and Auditor General on the
performance audit carried out under section 52 of the Act during
the year to which the annual report relates;
(c) such information and other material as the Authority may be
required by this Act or the regulations to include in the annual
report.