Act 1
Uganda Communications Act
2013
any purpose under this Act, may be invested—
(a) on a fixed deposit account with a bank approved by the
Board;
(b) in treasury bills and securities of the Government;
(c) in any other manner determined by the Board with the
approval of the Minister, other than in the business licensed
under this Act.
73. Financial year of Commission.
The financial year of the Commission is the period of twelve months
beginning on the 1st day of July in each year, and ending on the 30th
day of June in the next calendar year.
74. Accounts.
The Commission shall—
(a) keep proper books of accounts and all records relating to
the transactions and affairs of the Commission;
(b) within three months after the end of the financial year,
prepare annual financial statements for the preceding
financial year; and
(c) within three months after the end of each financial year,
submit the annual accounts to the Auditor General.
75. Audit.
(1) The Auditor General or an auditor appointed by the Auditor
General shall, in each financial year, audit the accounts of the
Commission.
(2) The Auditor General or an auditor appointed by the Auditor
General shall within three months after receipt of the accounts submit
to the Minister and Parliament a report on the audited accounts of the
Commission.
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