Section 68Part 7 — Audit Office - Auditor General
Fees and charges
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68. (1) The Audit Office shall obtain its entity revenue by charging —
the Cabinet, ministries, portfolios, statutory authorities and government companies for —
audits conducted under section 60(1)(a) and (b); and determines that such investigations shall be paid for by Cabinet;
investigations conducted under section 60(1)(e) where the Governor
the Cayman Islands Parliament for audits, investigations or assistance and advice requested or agreed by it under section 60(1)(c) and (d); and
the persons, companies or bodies investigated under section 60(1)(e) for the investigations conducted, where paragraph (a)(ii) does not apply.
The charge to be made by the Audit Office under subsection (1) shall be a fair price.
In this section — “fair price” means —
the amount for which the output would be purchased and sold between knowledgeable and willing parties in an arm’s length transaction; or
where an amount cannot be determined under paragraph (a), the cost of producing that output calculated on the basis of a complete allocation of input costs to outputs.