SADC Financial Regulations Effective 1 April 2013 Part  III  -­‐  Financial  Administration   Regulation  16  –  Establishment  and  Application  of  Financial  Procedures   1. Pursuant to responsibilities of the Executive Secretary, under 15(1) of the SADC Treaty, the Executive Secretary as the Accounting Officer shall promulgate Financial Procedures: a) To facilitate efficient and effective application and adherence to provisions of the financial regulations; b) To provide guidance on how officers with responsibilities to implement provisions of financial regulations shall discharge their responsibilities, and c) To establish internal control systems and processes consistent with the provisions of the financial regulations. 2. Financial Procedures shall be consistent with financial regulations and shall be in accordance with principles of sound financial management. 3. All SADC staff shall be responsible and accountable to the Executive Secretary for compliance with the Financial Procedures. 4. Any member of SADC Secretariat staff who contravenes the financial procedures shall be held responsible and shall be disciplined in accordance with the provisions of the SADC Administration Rules and Procedures and other relevant policies. Page 29 of 100