Financial Markets Act, 2012 (Act No. 19 of 2012)Chapter XI : Auditing90. Accounting records and audit |
A regulated person must—
| (a) | maintain on a continual basis the accounting records determined in joint standards and prepare annual financial statements that conform with the financial reporting standards prescribed under the Companies Act and contain the information that may be determined in joint standards; |
| (b) | cause such accounting records and annual financial statements to be audited by an auditor appointed under section 89, within a period determined in joint standards or such later date as the Authority may allow on application by a regulated person; and |
| (c) | preserve such records, which may be in electronic form, in a safe place for a period of not less than five years as from the date of the last entry therein. |
[Section 90 substituted by section 290, item 64 of Schedule 4, of the Financial Sector Regulation Act, 2017 (Act No. 9 of 2017), Notice No. 853, GG 41060, dated 22 August 2017 - effective 9 February 2018 (Notice R. 99, GG 41433, dated 9 February 2018)]