Section 75: Compliance by public interest entities
consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
75. Compliance by public interest entities
(1) Where a public interest entity is required under any enactment to prepare a financial statement or report, it shall ensure that the financial statement or report is in compliance with the financial reporting requirements of
this Act or any other relevant enactment, any regulations or rules made
under this Act and with the IFRS.
(2) Every public interest entity shall adopt corporate governance in accordance with the National Code of Corporate Governance.
(3) Every public interest entity under subsection (2) shall submit to the
Council a statement of compliance with the Code of Corporate Governance
and where there is no compliance, the statement shall specify the reasons
for non-compliance.
[S. 75 repealed and replaced by s. 16 (g) of Act 14 of 2009 w.e.f. 30 July 2009; amended by
s. 12 (t) of Act 27 of 2012 w.e.f. 22 December 2012.]