South African Institute for Drug Free Sport Act, 1997
R 385
Public Audit Act, 2004 (Act No. 25 of 2004)RegulationsAudit Fees Regulations6. Notification of Auditor-General by National Treasury on auditee experiencing financial difficulty to pay audit fee excess |
In the event that the audit fee of an auditee, other than a department as defined in section 1 of the Public Finance Management Act, 1999 (Act No. 1 of 1999), exceeds one percent of the total current and capital expenditure of such auditee for the relevant financial year, and the National Treasury—
| (a) | was consulted by the Auditor-General as contemplated in subsection 23(6)(b)(i) of the Act; and |
| (b) | is of the opinion that the auditee has financial difficulty to pay such excess, |
the National Treasury must at least one month prior to the commencement of a financial year of that auditee in writing inform the Auditor-General of its opinion in respect of that auditee.
