2  Consequently, although Parliament cannot give instructions to the central bank on how to implement its responsibilities, it must be able to provide oversight of the operations of the central bank and make criticisms of it where this is warranted.
The main bodies within Parliament which provide oversight of the Bank of Uganda are the specialist committees, in particular the Committee on Commissions, Statutory Authorities, and State Enterprises (COSASE) and the Public Accounts Committee (PAC). The Bank of Uganda’s annual report and audited accounts are submitted by the Auditor General to the Speaker of Parliament, who can refer them to a Parliamentary Committee.