Estate Agency Affairs Act, 1976 (Act No. 112 of 1976)Chapter I : Estate Agents Board10. Keeping of accounting records, drawing up of financial statements and auditing |
| 1) | The financial year of the board shall end in each year upon the date determined by the board with the approval of the Minister. |
| 2) | The board shall cause - |
| a) | to be kept in one of the official languages at an address in the Republic approved by the Minister such accounting records as are necessary fairly to reflect and explain the state of affairs - |
| i) | of all moneys received or expended by it in terms of this Chapter; |
| ii) | of all its assets and liabilities; |
| iii) | of all its financial transactions and the financial position of its business; and |
| b) | as soon as possible, but not later than six months, after the end of each financial year, annual financial statements to be prepared showing, with all the appropriate particulars, the moneys received and the expenditure incurred by it during, and its assets and liabilities at the end of, the financial year. |
| 3) | The accounting records and financial statements referred to in subsection (2) shall be audited by an auditor appointed by the board. |