The Political Parties Registration Commission is charged with overseeing the upholding of the political parties Act 2002 and relevant passages of the 1991 constitution. This includes the sections in the Act that deal with the financial transparency of registered political parties. The overarching goal is to make the political system in Sierra Leone more financially transparent for all Sierra Leonean.
We now wish to inform you of two actions that your political party must take.
1. Information About The Auditor Of Each Political Party
In accordance with the political parties Act (section 20 (2)), all registered political parties must have an appointed person or firm as auditor of the political party.
The political parties Act (section 20 (3)) states that the auditor must be;
A) In the case of an individual, a member of the Chartered Institute of Accountants of Sierra Leone, not being a member of the political Party; or
B) In the case of a company or firm, under the supervision of a member of the institute referred to in paragraph (a)’.
C) In accordance with the political Parties Act Section 20, all political parties are hereby requested to provide the PPRC with the name and contact address of its external auditors.
2. Annual Financial Reports.
The 1991 constitution of Sierra Leone states that (section 35(3)):
'A statement of the sources of income and the audited accounts of a political party, together with a statement of its assets and liabilities, shall be submitted annually to the political Parties Registration Commission but no such account shall be audited by a member of the political party whose account is submitted.
The Political parties Act section (20(3)) further notes that:
There shall be submitted by every political party to the commission within three months after the end of every year a declaration of its income, assets and liabilities together with its audited accounts’.
The Act further specifies that the declarations (reports must be supported by the national treasurer and the national or general Secretary of the political party the PPRC will in accordance with the Act publish the reports by the Government Notice within 30 days of the receipt of the reports.
In accordance with the above sections, all political parties are hereby requested to submit these reports no later than 31 March 2012
The PPRC wishes to remind all political parties of the above mentioned. We look forward to your usual cooperation.