Thumbs up to statutory bodies committee on BTO, BDC

The Committee consist of a Chairperson and seven Members. It examines the accounts of every statutory body, ie a body set up by law to enforce legislation on behalf of the state, to be laid before Parliament.

It also deals with such other accounts of statutory bodies laid before a Minister. The committee plays an oversight role in terms of Standing Order 110.2 (c). In terms of the law, the Committee also has jurisdiction on the accounts of any company wherein the government of directly or indirectly through a nominee or such other representative capacity, is a sole equity stakeholder. It can examine the accounts of every agency, trust, state enterprise and body corporate of the government. The Committee must take into account the reports of the Auditor General and other authorised auditors as well as management documents. In addition to examination of accounts, it can also examine management performance and value for money reports.