47. Do political parties have to report regularly on their finances?

Section 6 of the Funding Act: Within two months after the end of a financial year for which moneys have been allocated to any political party from the Fund, that accounting officer must prepare a statement showing all amounts received by the party from the Fund during that financial year and its application of those moneys, as well as the purposes for which the various amounts have been applied[, whereafter that accounting officer must have]& b) submit that statement and those books and records of account [audited by] a public accountant and auditor registered and practising as such in terms of the Public Accountants’ and Auditors’ Act, 1991 (Act No. 80 of 1991), to be audited.