Standards Act, 2008 (Act No. 8 of 2008)
R 385
South African Reserve Bank Act, 1989 (Act No. 90 of 1989)Regulations Relating to the South African Reserve BankChapter VII : Accounting and Audit23. Functions of auditors |
| 23.1) | The auditors appointed in terms of Regulation 22 shall jointly examine the accounts of the Bank for the financial year under review, and report whether, in their opinion - |
| a) | the financial statements and any supplementary information attached to them- |
| i) | fairly present in all material respects the financial position of the Bank and the results of its operations and cash flow; and |
| ii) | are properly prepared in all material aspects in accordance with the basis of the accounting and financial reporting framework disclosed in the financial statements. |
| b) | the affairs of the Bank were conducted according to the requirements of the Act and these Regulations. |
| 23.2) | The Bank shall provide access to records and take all reasonable steps to enable the auditors to perform these functions. |
