Older Persons Act, 2006 (Act No. 13 of 2006)RegulationsRegulations Regarding Older Persons, 2010Chapter 1 : Creating An Enabling And Supportive Environment For Older Persons4. Compliance with accounting procedures |
| (1) | A service provider must, when preparing financial statements, comply with and adhere to generally accepted accounting principles, and must— |
| (a) | cause proper books, accounts and registers to be kept; |
| (b) | prepare an annual report on the activities of the residential facility or service, including audited financial statements in respect of each financial year; |
| (c) | in the case of a community-based care and support service, within six months of the end of each financial year submit the report and financial statements contemplated in paragraph (b) to the Minister;and |
| (d) | in the case of a residential facility, within 90 days of the end of the financial year, submit the report and financial statements contemplated in paragraph (b) to the Minister. |
| (2) | A service provider must preserve the documents contemplated in subregulation (1), as well as all supporting vouchers and signed receipts, whether original or certified, for a period of five years. |