Political parties directed to submit annual financial statements by August 29
Financial statement should also include audit report by a chartered accountant
Financial statement should also include audit report by a chartered accountant. PHOTO: FILE
The Election Commission of Pakistan (ECP) on Friday issued a notification to remind the political parties about the deadline to submit annual financial statements.
According to the statement, all political parties are directed to submit financial record for the year 2017-18 on or before August 29.
“It may be recalled that Section 210 of the Election Act, 2017 provides that a political party shall, in such a manner as may be presented, submit to the Commission within sixty days from the close of a financial year, a consolidated statement of its accounts audited by a Chartered Accountant on Form D containing: annual income and expenses, sources of funds and assets and liabilities,” the notification read.
Violations of ECP’s code of conduct continue in Lahore
The financial statement should also include a report by a chartered accountant pertaining to the audit of the accounts of the political party and a signed certificate by an office-bearer authorised by the party head, sating that "no funds from any source prohibited under the Elections Act, 2017 were received by the political party and the statement contains an accurate financial position of the political party," the notification further read.
According to the statement, all political parties are directed to submit financial record for the year 2017-18 on or before August 29.
“It may be recalled that Section 210 of the Election Act, 2017 provides that a political party shall, in such a manner as may be presented, submit to the Commission within sixty days from the close of a financial year, a consolidated statement of its accounts audited by a Chartered Accountant on Form D containing: annual income and expenses, sources of funds and assets and liabilities,” the notification read.
Violations of ECP’s code of conduct continue in Lahore
The financial statement should also include a report by a chartered accountant pertaining to the audit of the accounts of the political party and a signed certificate by an office-bearer authorised by the party head, sating that "no funds from any source prohibited under the Elections Act, 2017 were received by the political party and the statement contains an accurate financial position of the political party," the notification further read.