FinCom, in close collaboration with the Secretary-General, shall oversee the sound financial management of the Association on a cost-effective basis and shall, in accordance with the Statutes, overview the financial transactions of the previous year, the audited accounts, the management of the portfolio and the overall financial situation of the Association; prepare for submission the annual budget and pay special attention to the medium-term forecast of expenditures and receipts for the ensuing three years; keep under review the accounting system of the Association and the allocation of funds to the various activities and inform ExCom and report accordingly to the Council and the AGA.
Members from 9 nations
