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ONY

WEDNESDAY, DECEMBER 9, 1987

"EARLIER THIS YEAR, A CERTIFICATE COURSE IN INVESTIGATIVE ACCOUNTING AND AUDITING WAS ORGANISED FOR STAFF OF THE OFFICE OF THE

** MR JACOBS SAID. COMMISSIONER FOR SECURITIES AND COMMODITIES TRADING,

BOTH

VARIOUS WITH

ATTENDED OFFICES "IN ADDITION, SENIOR STAFF OF

EXPERIENCES SEMINARS AND CONFERENCES TO EXCHANGE VIEWS AND OVERSEAS REGULATORY AUTHORITIES.

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ADMINISTRATION,

IN ORDER ΤΟ ENHANCE SKILLS WITHIN THE

SAID THE JACOBS

GOVERNMENT HAD ALSO MADE

FOR ARRANGEMENTS BANKS TO BE SECONDED FROM ACCOUNTANT EXPERIENCED IN

COMMISSIONER OF BANKING FOR AUDITING FIRM TO THE OFFICE OF PERIOD OF TWO YEARS.

AUDITING

THE

MR

AN

AN

A

HE SAID, "IT IS OUR INTENTION SOME FORM IN THE FUTURE.

TO CONTINUE THIS

NEW POSTS TO COPE WITH INCREASED WORKLOAD

PRACTICE IN

THE GOVERNMENT IS AWARE OF THE BACKLOG OF WORK FACED BY THE OFFICE OF THE COMMISSIONER FOR SECURITIES, THE FINANCIAL SECRETARY, THE HON PIERS JACOBS, SAID IN THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).

REPLYING TO A QUESTION BY THE HON HELMUT SOHMEN, MR JACOBS SAID 21 NEW POSTS WERE BEING CREATED FOR THE OFFICE IN THE CURRENT FINANCIAL YEAR TO ENABLE IT TO COPE WITH THE PRESENT WORKLOAD.

"THIS REPRESENTS AN INCREASE IN ITS ESTABLISHMENT OF 21 PER CENT, WHICH IS WAY ABOVE THE 2.5 PER CENT ANNUAL GROWTH RATE INTENDED FOR THE CIVIL SERVICE AS A WHOLE, HE SAID.

"

THE

MR JACOBS ALSO SAID THE FUTURE STAFFING REQUIREMENTS OF OFFICE WOULD BE REVIEWED AGAIN WHEN THE FINDINGS AND RECOMMENDATIONS OF THE SECURITIES REVIEW COMMITTEE

ON ITS STRUCTURE AND OPERATION WERE AVAILABLE.

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