Gas Regulator Levies Act, 2002
R 385
Public Audit Act, 2004 (Act No. 25 of 2004)Memorandum of Agreement (2020)3. Criteria to be applied to determine whether an auditee has financial difficulty |
| 3.1 | The NT must, for purposes of forming an opinion on whether an auditee has financial difficulty to pay the excess contemplated in section 23(6) of the PAA, apply criteria tabulated in a scoring matrix, as provided for in Annexure "A", based on financial performance indicators contained in the most recent audited financial statements of the auditee. |
| 3.2 | In utilising— |
| (a) | the scoring matrix contemplated in clause 3.1, a score of 16 or more; and |
| (b) | the liquidity ratio based on the division of current assets by current liabilities of the auditee for the preceding financial year, |
is indicative of an auditee having financial difficulty to pay such excess.
