. The PSIRA'S Accounting Authority (Council) was only appointed in January 2010. Prior to that, the CEO was suspended and the CFO played the role of both the CEO and the CFO. At 31 July 2010 PSIRA was in the process of appointing a Director (CEO) who would subsequently appoint deputy directors, including the finance deputy director. It would be the responsibility of the new top management structure to ensure oversight responsibility over compliance with applicable legislation, make sure that internal controls are in place and take action to address the risks identified in the financial and performance environment.