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-

1. keep books and records of its income, expenditure, assets and liabilities;

2. 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

3. each year, arrange for the Auditor-General to audit its books and records of account and its financial statements.