Section 60Part 7 — Audit Office - Auditor General
Powers and duties of Auditor General
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60. (1) The Auditor General shall —
conduct audits as required under this Act; and
repealed by section 26 of the Public Management and Finance (Amendment) (No. 2) Law, 2017 [Law 28 of 2017].
on that person’s own initiative or at the request of the Cayman Islands Parliament or of any of its committees or subcommittees, conduct investigations and value for money audits, into —
the management of executive financial transactions; authority or government company or the Office of the Ombudsman; and Public Management and Finance Act (2026 Revision) Section 61 c Revised as at 31st December, 2025 Page 51 portfolio, the Office of the Ombudsman, or any statutory authority or government company has used its resources in discharging its functions and in its financial dealings;
the financial management of any ministry, portfolio, statutory
the economy, efficiency and effectiveness with which any ministry,
at the request of the Cayman Islands Parliament or of one of its committees or subcommittees, provide advice and assistance to the Cayman Islands Parliament or to any of its committees or subcommittees; and
if that person is authorised in writing to do so by the Governor in the public interest, conduct investigations into the financial management or affairs of persons, companies and bodies other than those referred to in paragraphs (a) to (d).
Notwithstanding subsection (1), for the financial statements which have not been subject to audit or for which an audit opinion could not be given for the financial years 2004/5 to 2007/8, the Auditor General shall carry out a risk assessment and identify areas or transactions on which that person shall conduct a compliance audit.
In performing the risk assessment under subsection (2), the Auditor General shall consult with the Financial Secretary and Chief Officers to identify areas for consideration.
For the purposes of subsection (2), the objective of a compliance audit shall be to enable the Auditor General to report on the audited entity’s compliance with a particular set of criteria when incurring expenditure and such criteria may be derived from relevant financial reporting frameworks, laws, regulations, terms of contracts or funding agreements, or may be other criteria deemed by the Auditor General to be suitable.