Estate Agency Affairs Act, 1976 (Act No. 112 of 1976)Chapter II : Estate Agents Fidelity Fund14. Auditing of accounts of fund |
| 1) | The board shall - |
| a) | cause 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 or on behalf of the fund; |
| ii) | of all the assets and liabilities of the fund; |
| iii) | of all the financial transactions of the fund and the financial position of its business; |
| b) | as soon as possible, but not later than six months, after the end of each financial year of the fund ending in each year on a date determined by the board with the approval of the Minister, cause annual financial statements in respect of the fund to be prepared showing, with all the appropriate particulars, the moneys received and expenditure incurred by the fund during, and its assets and liabilities at the end of, the financial year of the fund; |
| c) | cause the accounting records and annual financial statements of the fund to be audited by an auditor appointed by the board; and |
| d) | submit to the Minister the audited annual financial statements of the fund in respect of each financial year. |