Directorate of Accounting Standards - Public Sector shall for the Council ―

(a) develop accounting and financial reporting standards for the public sector;

(b) consider significant areas of accounting and financial reporting that can be improved through the standard-setting process;

(c) promote the general acceptance and adoption of such standards by preparers and users of financial statements in the public sector;

(d) promote compliance with the accounting standards developed or reviewed by the Directorate;

(e) review from time to time the accounting standards developed in line with the prevalent social, economic and political environment; and

(f) perform such other duties which in the opinion of the Board are necessary or expedient to ensure the efficient performance of the functions of the Council.