55. Which institution(s) receives financial reports from political parties and/or candidates?

Malawi

Malawi

Answer
  • Other
  • Auditing agency
Source

(1) A political party which receives funding from the State shall—
(a) keep, with a commercial bank in Malawi, a separate bank account into which funds provided to the party by the State shall be deposited;
(b) keep proper books and records of accounts in relation to State funds, and shall balance its accounts for that year and produce statements of final accounts within six months after the end of each financial year; and
(c) submit the final accounts to the Registrar who shall forward a copy of the accounts to the Auditor General and the Clerk to the National Assembly.
Section 23, Political Parties Act, 2018.

Comment

The registrar of Political parties receives the financial reports and forwards them to the auditor general to examine it and provide a report to responsible bodies.

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