Water Services Act, 1997 (Act No. 108 of 1997)RegulationsWater Services Provider Contract Regulations16. Financial records |
A contract must require the water services provider to—
(a) | prepare and maintain financial records and statements in accordance with the Generally Accepted Accounting Practice publication adopted in the Republic of South Africa or, in the case of a sphere of government, in accordance with the relevant financial management legislation; and |
(b) | allow the water services authority access to all financial records and statements reasonably required for the monitoring and regulation of the contract. |