GAZETTE NOTICE NO. 10892

IT IS notified for the general information of the public that the Cabinet Secretary for the National Treasury and Economic Planning has appointed a Steering Committee to oversee the transition from cash basis of accounting to accrual basis of accounting consisting of the following: Principal Secretary, National Treasury – Chairperson Chairperson, Public Sector Accounting Standards Board – Vice- Chairperson Members: Principal Secretary, State Department for Public Works Director-General, Accounting Services, and Quality Assurance, who shall be the Project Manager, A representative of the Chief of Staff and Head of the Public Service, Director, Accounting Services – National Treasury, Director, Budget – National Treasury, Director, National Assets and Liabilities Management – National Treasury, Director, Integrated Financial Management System (IFMIS) – National Treasury, Chief Executive Officer, Public Sector Accounting Standards Board, A representative of the Council of Governors, Auditor-General or the Auditor-General’s representative, Controller of Budget or a representative of the Controller of Budget A representative from the Parliamentary Budget Office Joint Secretaries: The National Treasury, The Public Sector Accounting Standards Board, The Terms of Reference of the Steering Committee shall be to: (a) provide overall direction and co-ordination of the transition from cash accounting basis to accrual accounting basis; (b) adopt a roadmap for the transition from cash accounting basis to accrual accounting basis; (c) appoint a technical committee or working group to undertake the day-to-day implementation of the transition from cash accounting basis to accrual accounting basis; (d) develop the terms of reference of the technical committee or working group appointed under sub-paragraph (c); (e) approve work plans and budgets of the technical committees or working groups appointed under sub-paragraph (c); (f) review and approve recommendations by the technical committees or working groups appointed under sub-paragraph (c) of the milestones specified in the roadmap adopted under paragraph (b); (g) monitor the implementation of the transition from cash accounting basis to accrual accounting basis by ensuring that strategic changes are made to the roadmap adopted under subparagraph (b) in a timely manner in order to achieve the goals of the transition; (h) take the lead in promoting policy dialogue and advocate for key issues at senior leadership levels to secure the necessary buy-in and support for the transition; (i) ensure that the transition is coordinated with other relevant Government, development partners and private sector interventions by overseeing the implementation of a clear stakeholder engagement strategy; (j) to approve and oversee the implementation of a communication strategy, change management and capacity building during the transition; and (k) to facilitate timely funding to support the transition from cash accounting basis to accrual accounting basis. The Steering Committee shall remain in office for a period of three years from the date of the publication of this notice. In the performance of its functions, the Steering Committee: (a) shall regulate its own procedure; and (b) shall hold consultations with stakeholders to solicit, receive, consider, and collate inputs that may be useful for the performance of its mandate. The costs incurred by the Steering Committee in the performance of its functions shall be defrayed from the voted funds of the National Treasury. Dated the 20th August, 2024. JOHN MBADI, Cabinet Secretary for National Treasury and Economic Planning.