In carrying out the functions under section 12(1)(c) and (h) of the Act, an accounting officer shall implement expenditure controls to ensure that —
(a) transactions are —
(i) implemented in accordance with standard operating procedures for financial management developed under regulation 24,
(ii) recorded —
(A) in the correct amount and accounting period to which it relates;
(B) in accordance with the correct budget classification and chart of accounts, whichever is applicable;
(b) a commitment register is maintained and updated on a fixed schedule prepared by the Accountant General or Director of Finance;
(c) a payment is not deferred from one financial year to the next financial year;
(d) an asset register is maintained;
(e) an accountable officer is held accountable for expenditure within his or her responsibility.