| (1) | A credit provider must require an accounting officer or auditor to conduct an assurance engagement in terms of regulation 68; |
| (2) | If a credit provider is not required by statute to appoint an accounting officer or auditor, the credit provider must appoint a member of one of the following professional bodies: |
| (a) | South African Institute of Chartered Accountants (SAICA) |
| (b) | Commercial and Financial Accountants (CFA) |
| (c) | South African Institute of Secretaries and Administrators (ICSA) |
| (d) | Institute of Administration and Commerce (IAC) |
| (e) | Chartered Institute of Management Accountants (CIMA), |
to report on the credit provider’s financial statements and to conduct the assurance engagement in terms of Regulations 68.
