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Labour Relations Act, 1995 (Act No. 66 of 1995)

Schedules

Schedule 3 : Commission for Conciliation, Mediation and Arbitration

8. Accounting and auditing

 

The Commission must, to the standards of generally accepted accounting practice, principles and procedures—

(a) keep books and records of its income, expenditure, assets and liabilities;
(b) as soon as practicable after the end of each financial year, prepare financial statements, including at least a statement of income and expenditure for the previous financial year and a balance sheet showing its assets, liabilities and financial position as at the end of the previous financial year; and
(c) each year, arrange for the Auditor—General to audit its books and records of account and its financial statements.