Stamp Duties Act, 1968 (Act 77 of 1968)
R 385
Private Security Industry Regulation Act, 2001 (Act No. 56 of 2001)Chapter 2 : Private Security Industry Regulatory Authority17. Bookkeeping and financial statements |
| (1) | The Authority must keep such accounting records as are necessary to reflect the transactions and financial state of affairs of the Authority. |
| (2) | The Authority must, in respect of each financial year of the Authority, make out financial statements and cause such statements to be audited by a registered accountant and auditor contemplated in section 18(2). |
| (3) | The financial statements referred to in subsection (2) must— |
| (a) | be prepared in accordance with generally accepted accounting practice as determined by the South African Institute of Chartered Accountants; |
| (b) | by means of figures and a descriptive report, explain all matters and information material to the financial affairs of the Authority; and |
include—
| (i) | a balance sheet dealing with the assets and liabilities of the Authority; |
| (ii) | an income statement or any similar financial statement dealing with the income and expenditure of the Authority; and |
| (iii) | a statement of cash flows. |
