Attorneys Act, 1979 (Act No. 53 of 1979)

Rules for the Attorneys' Profession

Part V : Accounting Rules

Acceptable financial reporting framework
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35.6For purposes of these rules:
35.6.1acceptable financial reporting frameworks which are to be recognised and applied are:
35.6.1.1 "IFRS" being International Financial Reporting Standards as issued from time to time by the International Reporting Standards Board, or its successor body;
35.6.1.2 "IFRS for SMEs", being IFRS for Small and Medium Enterprises.
35.6.2In determining what is meant by "acceptable financial reporting frameworks" regard shall be had, inter alia, to any rulings of the Council published to members with respect to specific additional disclosures required to be made in the financial statements or trust account schedules.