Acts Online
GT Shield

National Credit Act, 2005 (Act No. 34 of 2005)


National Credit Regulations, 2006

Chapter 8 : Compliance and Reporting

Part A : Registered credit providers’ compliance reports

67. Responsibility for Assurance Engagement


(1) A credit provider must require an accounting officer or auditor to conduct an assurance engagement in terms of regulation 68;


(2) If a credit provider is not required by statute to appoint an accounting officer or auditor, the credit provider must appoint a member of one of the following professional bodies:
(a) South African Institute of Chartered Accountants (SAICA)
(b) Commercial and Financial Accountants (CFA)
(c) South African Institute of Secretaries and Administrators (ICSA)
(d) Institute of Administration and Commerce (IAC)
(e) Chartered Institute of Management Accountants (CIMA),

to report on the credit provider’s financial statements and to conduct the assurance engagement in terms of Regulations 68.