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Labour Relations Act, 1995 (Act No. 66 of 1995)


Schedule 3 : Commission for Conciliation, Mediation and Arbitration

8. Accounting and auditing



1) The Commission must, to the standards of generally accepted accounting practice, principles and procedures-
a) keep books and records of its income, expenditure, assets and liabilities;
b) as soon as practicable after the end of each financial year, prepare financial statements, including at least a statement of income and expenditure for the previous financial year and a balance sheet showing its assets, liabilities and financial position as at the end of the previous financial year; and
c) each year, arrange for the Auditor-General to audit its books and records of account and its financial statements.