Accountant-general of the federation is responsible for

Accounts - Principles of Accounts

JAMB 2013

A. the general supervision of all auditing personnel in all the ministeries
B. the compilation of annual financial statement
C. the interpretation of rules and regulations affecting the private sectors
D. ensuring the efficient operation of the ministries

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Correct Answer: Option B

Explanation

The Accountant-General is vested with the duties of: receiving, keeping and disbursement of government funds; recording and reporting of government financial transactions; exercising supervisory powers over other ministries in terms of financial matters; managing government investments etc.

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