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Reserve Bank of New Zealand Act 2021

Financial and accountability matters - Reporting obligations - Reporting: annual report

246: Statement of responsibility

You could also call this:

"People in charge of the Reserve Bank say they are responsible for honest financial reports."

Illustration for Reserve Bank of New Zealand Act 2021

You need to know what the people in charge of the Reserve Bank are responsible for. They must say they are responsible for preparing the financial statements and statement of performance. They must also say they are responsible for making sure the financial reporting is honest and reliable. You will see that they must say the financial statements are a fair picture of the Bank's money and activities. They must put the date and their signatures on the statement. It must be signed by two members of the board. The law says they must do these things when they prepare the annual report, you can find more information about this in the Reserve Bank of New Zealand Act.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS287294.

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Part 5Financial and accountability matters
Reporting obligations: Reporting: annual report

246Statement of responsibility

  1. The statement of responsibility must—

  2. contain a statement of the signatories’ responsibility for the preparation of the financial statements and statement of performance and for the judgments in them; and
    1. contain a statement of the signatories’ responsibility for establishing and maintaining a system of internal control designed to provide reasonable assurance as to the integrity and reliability of financial reporting; and
      1. contain a statement that, in the opinion of the signatories, the financial statements and statement of performance for the financial year fairly reflect the financial position and operations of the Bank; and
        1. be dated and signed on behalf of the board by 2 members.

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