(1) An accounting officer shall exercise all reasonable care to ensure that there is no irregular or wasteful expenditure.
(2) Without limiting the generality of subregulation (1), an accounting officer shall implement clear business processes as appropriate to his or her Government Agency, in accordance with the standard operating procedures of the Accountant General, and identify risks associated with these processes and institute effective internal controls to mitigate the risks, to ensure that the economy and efficiency is achieved with allocated resources.
(3) Where a public officer discovers irregular or wasteful expenditure, he or she shall report the irregular or wasteful expenditure immediately to an accounting officer.
(4) On receipt of a report under subregulation (3), an accounting officer shall immediately conduct an investigation and report his or her findings to the Director of Finance, Director of Audit and the Accountant General.