Public Finance Management Act [Chapter 22:19] as amended as at 28 October 2016 (b) all minutes of audit committee meetings; to the Accountant-General, Auditor-General, internal auditors and external auditors where appropriate. PART IX FINANCIAL MISCONDUCT 85 Financial misconduct by accounting officers, etc. (1) An accounting officer for a Ministry, reporting unit, public entity, constitutional entity or statutory fund commits an act of financial misconduct if that accounting officer wilfully or negligently— (a) fails to comply with section 10 or a requirement of Part IV; or (b) makes or permits any unauthorised expenditure, irregular expenditure or fruitless and wasteful expenditure. (2) An employee of a reporting unit or a constitutional entity to whom a power or duty is assigned in terms of this Act commits an act of financial misconduct if that employee wilfully or negligently fails to exercise that power or perform that duty. (3) A person employed in the Treasury to whom a power or duty is assigned in terms of section 6 or Part IV commits an act of financial misconduct if that person wilfully or negligently fails to exercise that power or perform that duty. 86 Financial misconduct by accounting authorities and employees of public entities (1) An accounting authority for a public entity commits an act of financial misconduct if that accounting authority wilfully or negligently— (a) fails to comply with a requirement of Part IV or V; or (b) makes or permits any irregular expenditure or fruitless and wasteful expenditure. (2) If the accounting authority is a board or other body every member thereof is individually liable for any financial misconduct of the accounting authority. (3) An employee of a public entity to whom a power or duty is delegated or assigned in terms of section 43 commits an act of financial misconduct if that employee wilfully or negligently fails to exercise that power or perform that duty. (4) Financial misconduct is a ground for the dismissal of, or other disciplinary sanction prescribed under section 87 against, a member or person referred to in subsection (2) or (3), notwithstanding any other enactment. 87 Disciplinary proceedings A charge of financial misconduct against an accounting officer or person referred to in section 85, or an accounting authority or member of an accounting authority or an employee referred to in section 86, shall be investigated, heard and disposed of in terms of the statutory or other conditions of appointment or employment applicable to that accounting officer, authority, person or employee, and any regulations prescribed by the Minister in terms of section 88. 88 Regulations on financial misconduct procedures (1) The Minister may make regulations prescribing— - 42 -