Water Services Act, 1997 (Act No. 108 of 1997)

Chapter VI : Water Boards

43. Financial matters and accounts
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(1)The financial year of a water board is from 1 July to 30 June.

 

(2)The accounts of a water board must be audited by a chartered accountant appointed by the water board.

 

(3)A water board must, within four months after the end of each financial year, issue audited financial statements.

 

(4)The accounting policy of a water board must be consistent with generally accepted accounting practices.