Competition Act, 1998 (Act No. 89 of 1998)NoticesDetermination of thresholds in terms of Section 11(1)Method of Calculation5. Form of financial statements |
Financial statements used as a basis for calculating assets or turnover of a firm—
| a) | must be the firm's audited financial statements, if,— |
| i) | in terms of any law, the firm is required to produce such statements; or |
| ii) | the firm has audited statements for the relevant period; and |
| b) | otherwise, must be prepared in accordance with G.A.A.P. |