Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)
|5.1||The objectives of Guidelines set in this Manual are to:|
|5.1.1||set acceptable minimum Standards of Ethical Conduct underpinning the responsibilities of Verification Agencies (''Verification Agencies'') when performing verification and reporting on the B-BBEE Scorecard elements and overall B-BBEE status of a Measured Entity;|
|5.1.2||outline the responsibilities of the Verification Agency to its client in respect of quality control, contracting, conducting the verification and reporting on the scorecard;|
|5.1.3||set the requirements based on the key measurement principles and calculations for each element of the Code;|
|5.1.4||provide explanatory material and procedures to be followed in providing assurance on whether the requirements of the Code have been met; and documentation requirements for the engagement.|
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