22 January 2019
To assist registered organisations and their branches, information about the requirement for officers to undertake financial training and the ROC’s intended audit of that training are the focus of the latest online webinar.
The webinar explores the obligation that officers in registered organisations who have financial duties, undertake approved financial training within six months of taking up office. Reference is also made to exemption provisions.
In addition, the webinar advises of an upcoming audit of compliance by officers with the requirement to undertake financial training.
The ROC plans to work with organisations to ensure that officers with financial duties have complied with their statutory obligation to undertake training, or have a relevant exemption.
Consultation will follow the lodgement of the next Annual Returns – which are due to be lodged with the ROC no later than 31 March 2019.
The requirement for officers to undertake financial training is consistent with the principles of good governance, as it is necessary for anyone who is involved in the financial management of organisations and branches to fully understand their duties.
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