Public Finance Management Act [Chapter 22:19] as amended as at 28 October 2016 (b) fairly present the state of affairs of the Ministry, public entity or constitutional entity, as the case may be; (c) include, where appropriate— (i) particulars relating to losses arising through criminal activities; (ii) instances of unauthorised expenditure; (iii) instances of irregular expenditure; (iv) instances of fruitless and wasteful expenditure; (v) criminal and disciplinary action taken in connection with any of the foregoing; (vi) recoveries and write-offs; (vii) any other matters as may be prescribed. 84 Audit committees (1) Every Ministry, statutory fund, constitutional entity and public entity shall establish an audit committee. (2) The responsibilities of an audit committee shall include the following— (a) to review internal controls, including the scope of the internal audit programme, and the internal audit findings, and to recommend appropriate action to be taken by the responsible authorities; (b) to ensure that accounts, are prepared in a timely and accurate manner and to ensure the prompt publication of the annual accounts; (c) to review with the Auditor-General or other external auditors, as may be appropriate, the scope of their audit plan, the system of internal audit reports and assistance given by officers or staff to the auditors and any findings and action to be taken in connection therewith. (3) An audit committee— (a) shall consist of at least three persons, of whom, in the case of a Ministry— (i) one person shall not be a member of the Public Service; (ii) the majority shall not be persons employed in that Ministry, except with the approval of the appropriate Minister; and (iii) the chairperson shall not be a member of the Public Service employed in the Ministry; (b) shall meet at least twice a year; and (c) may be established for two or more Ministries, or public or constitutional entities if the Treasury considers it to be more economical. (4) The Auditor-General, and external and internal auditors, shall have the right to attend and participate in the deliberations of the audit committee. (5) Upon the request of any auditors, the chairperson of an audit committee shall convene a meeting to consider any matter that the auditors believe should be brought to the attention of the responsible authorities. (6) The chairperson of the audit committee shall send or cause to be sent— (a) all notices of audit committee meetings; and - 41 -