(3) The accounting officer shall prepare the financial statements in a form that complies with the relevant accounting standards prescribed and published by the Accounting Standards Board from time to time.

(4) Not later than three months after the end of each financial year, the accounting officer for the entity shall— (a) submit the entity’s financial statements to the Auditor-General and a copy of the statement to the Controller of Budget, the National Treasury and the Commission on Revenue Allocation; and (b) publish and publicise the financial statements.

(5) In the case of an entity that is a state corporation, the accounting officer shall submit the corporation’s financial statements to the Cabinet Secretary responsible for matters relating to that corporation who shall, upon approving it submit a copy to the Cabinet Secretary.

82. Annual reporting by receivers of revenue (1) At the end of each financial year, a receiver of revenue for the national government shall prepare an account in respect of the revenue received and collected by the receiver during that financial year.

(2) An account prepared under subsection (1) shall include— (a) a statement of receipts and disbursements in such form as the National Treasury may direct; and (b) a statement of arrears of revenue.

(3) Not later than three months after the end of the financial year, the receiver of revenue for the national government shall— (a) submit the accounts to the Auditor-General and a copy to the National Treasury, Controller of Budget and the Commission on Revenue Allocation; and (b) publish and publicise the financial statements.

(4) Not later than three months after the end of each financial year, a receiver of revenue for the national government shall submit to the Auditor-General a report 61 No. 18 of 2012 Public Finance Management [Rev. 2020] with respect to all waivers and variations of taxes, fees or charges granted by the receiver or collector during that year.

(5) The receiver shall include in the report under subsection (4) the following details in respect of each waiver or variation— (a) the full name of each person benefitting from the waiver or variation; (b) the amount of tax, fee or charge affected by the waiver or variation; (c) the year to which the waiver or variation relates; (d) the reasons for waive or variation; and (e) the law in terms of which the waiver was granted.

(6) The reports referred to in subsection (4) shall be published and publicised. 83. Accounting officer to prepare quarterly reports for national government entity

(1) An accounting officer for a national government entity shall prepare a report for each quarter of the financial year in respect of the entity.