The Government Accounting and Reporting (GAR) Division is one of five divisions in the AGD. This is a new division in the modernized AGD and will execute the treasury functions of consolidated fiscal accounting and reporting, banking authorizations, Government shares in public bodies and the monitoring of GOJ Ministries, Departments and Agencies (MDAs). The Division will ensure that all Government cash resources are consolidated that and that all revenues due to the treasury are received by the treasury in a timely manner by devising proper mechanisms to do so. GAR will also be the seat of the Government accounting standards and will ensure that accounting standards that give a true and fair presentation and full disclosure of the affairs of the Government are adhered to throughout the public sector.
The Division will also be responsible for implementing systems and procedures that will be in keeping with sound public financial management practices and ensure that the public accounts are prepared in a standardized, timely and accurate manner.
- To establish, implement and maintain systems of Government Accounting and Reporting that extends to all MDA’s and non-commercial Public Bodies;
- To establish and implement systems that allow for the safe custodianship of share values, and maintain an accounting of all Government investments in Public Bodies;
- To devise strategies for monitoring MDA books of accounts to ensure that all revenue collected on behalf of the Government are lodged to the Consolidated Fund promptly;
- To ensure that all non-revenue Government bank accounts are closed to the TSA and issue authority for the opening and closing of accounts.