The department is responsible for developing and implementing financial and administrative systems of internal control such as: payroll, bookkeeping, insurance, budget and cost control, personnel policies, accounting functions, procurement procedures, contracts, inventory management and control procedures, security of facilities, financial reporting, collection of fees and levies and obtaining appropriate financing. In fulfilling the Commission’s goals the department develops budgeting methodology and aids other departments in preparing their budgets. The department ensures that taxes and other payments are made in a timely manner to all government agencies.
In regulatory matters requiring accounting expertise the department acts as a reference point and advisor to the Commission. The role extends to representing the Commission on committees setup in conjunction with other regulatory bodies in dealing with financial reporting standards and practices.
