(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.