In what situation must a public official disclose their financial interests?

Public officials are required to disclose their financial interests annually and upon assuming office to promote transparency and accountability in government service. This practice is essential for identifying potential conflicts of interest that could influence their decision-making processes. By mandating such disclosures, the Code of Conduct and Ethical Standards for Public Officials and Employees aims to uphold the integrity of public service and foster public confidence in government operations.

Annual disclosures ensure that any changes in a public official's financial situation are regularly updated and available for public scrutiny, while immediate disclosure upon assuming office establishes a baseline of their financial status when they begin their term. This dual requirement helps safeguard against corruption and ensures that public officials remain accountable for their financial activities throughout their service.