FEDERAL INLAND REVENUE SERVICE (ESTABLISHMENT) ACT
Section 22: Accountability.
(1) The Executive Chairman of the Service, shall-
(a) keep proper accounting records, in a manner as may be determined, from time to time, by the Board in respect of-
(i) all revenues and expenditure of the Service;
(ii) all its assets, liabilities and other financial transactions; and
(iii) all other revenues collected by the Service, including income on investments.
(b) prepare an annual report, including financial statements, in accordance with generally accepted accounting principles and practices ; and
(c) ensure that the available accounting resources of the Service are adequate and used economically in the most effective and efficient manner, and the accounting and other financial records are properly safeguarded.
Cite this section
Section 22, FEDERAL INLAND REVENUE SERVICE (ESTABLISHMENT) ACT (2007).
https://repo.podus.ai/laws/federal-inland-revenue-service-establishment-act/section/22/