Page 1319 - Week 04 - Thursday, 21 April 1994

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MADAM SPEAKER, I RECOGNISE THE CONTRIBUTION MADE BY THE AUDITOR GENERAL IN HIGHLIGHTING THE NEED TO IMPROVE THE ACCOUNTING ARRANGEMENTS FOR SOME ACTIVITIES OF GOVERNMENT. IN ADDITION, THE TREASURY, AS PART OF ITS REVIEW OF FINANCIAL LEGISLATION, WILL EXAMINE ACCOUNTING ENTITIES TO DETERMINE APPROPRIATE ACCOUNTING STRUCTURES. MOREOVER, MORE EXPLICIT DISCLOSURE GUIDELINES HAVE BEEN PROVIDED TO AGENCIES TO ASSIST IN THE PREPARATION OF THEIR 1993-94 FINANCIAL STATEMENTS.

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