The TASB advised the Secretariat that, as part of its programme of work for the coming year, it intends to consider international best practice standards regarding accountability mechanisms for independent authorities and formalise or enhance, as needed, its existing arrangements. Among other things, it intends to publish its regulatory philosophy. It also intends to prepare its own financial statements in accordance with TAS to the extent such standards are appropriate for a public authority, have its financial statements audited by an independent auditor and then make the statements publicly available.