Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Verification Manual17. Reporting Requirements |
| 17.1 | The Verification Agency shall evaluate the conclusions drawn from the evidence obtained as a basis for determining the scores awarded to the individual Scorecard Elements reflected in the Verification Certificate. In reaching its conclusion, the Verification Agency shall consider whether sufficient and appropriate evidence has been obtained to reduce the risk of material misstatement in the scores awarded to the individual Scorecard Elements. |
| 17.2 | The Verification Certificate shall be in writing and shall reflect the scores awarded to the individual Scorecard Elements and the Overall Rating or B-BBEE status of the measured entity. |
| 17.3 | The Verification Agency shall also provide a schedule attached to the certificate to the Measured Entity to illustrate how the scores awarded were determined. |
| 17.4 | Accredited Verification Agencies are required to include the SANAS logo on the Verification Certificates issued by them. |