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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

68. Assurance Engagement


(1) A credit provider must require the person appointed in terms of regulation 67 to perform an assurance engagement in accordance with guidelines to be issued by the National Credit Regulator and issue a report to the National Credit Regulator on the basis of that person’s findings with regard to that engagement;


(2) A credit provider must submit the report contemplated in (1) to the National Credit Regulator within 6 months after the credit provider’s financial year end.


(3) The National Credit Regulator must issue guidelines in respect of—
(a) the procedures which the person must follow in performing such assurance engagement, and
(b) the format and content of the report which must be compiled based on the engagement.