Regulatory Alerts2021-02-17
Guidance on Implementation of Sections 60 – 63 of the Investments and Securities Act 2007
This document outlines the mandatory requirements for public companies to establish, maintain, and report on internal controls over financial reporting as stipulated by the Investments and Securities Act 2007. It mandates that CEOs and CFOs certify annual reports, while the board of directors remains responsible for ensuring the integrity of financial controls. Companies must perform a risk-based evaluation of their internal control systems, identify material weaknesses, and include an attestation report from their external auditors in their annual filings.
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