Statement of accounts: ECP seeks details of parties account

Every political party will submit consolidated statement of accounts of party, duly audited by a chartered accountant.

ISLAMABAD: The Election Commission of Pakistan (ECP) on Wednesday reminded political parties that they have to file their statement of accounts for the financial year, 2011-2012 on or before August 29.

Article 13 of the Political Parties Order, 2002 provides that every political party will submit consolidated statement of accounts of the party, duly audited by a chartered accountant, to the ECP within sixty days of the close of each financial year. These will contain annual income and expenses, sources of its funds and assets and liabilities.

According to the ECP, the statement of accounts of the party is required to be accompanied by a certificate signed by the party leader stating that no funds from any source prohibited under the Political Parties Order, 2002, were received by the party, and that the statement contains an accurate financial position of the party.

Published in The Express Tribune, July 12^th, 2012.