This guide refers to the legislation (36 Acts in total) and identifies the timeframe in which certain documents have to be kept.

Owing to various legislative requirements, documents must be retained for a certain number of years, depending on the legislation.

The guide does not attempt to include all legislation but only refers to the general legislation impacting a wide variety of entities.

The guide has been compiled to assist SAICA members in meeting the legislative requirements when they deal with clients.

The guide is structured to refer to the relevant Act and then to the documents that should be kept and to the retention period.

Click here to download the Updated Guide:

Relevance to Auditors, Independent Reviewers & Accountants:

There are numerous pieces of legislation that your clients must comply with, and which you must assess compliance with. Suppose they don’t comply with the relevant laws and regulations. In that case, you have certain reporting obligations in terms of NOCLAR (Non-Compliance with Laws And Regulations) – this could include reporting to management, qualifying your audit opinion, reporting a Reportable Irregularity, etc.
Entities (companies or close corporations) and individuals have a duty to keep records for a certain period of time – as stipulated in various Acts that apply to them.
Where applicable, you also need to retain records in accordance with the Acts – whether you keep these in your own capacity or on behalf of your clients.

Relevance to Your Clients:

Entities (companies or close corporations) and individuals have a duty to keep records for a certain period of time – as stipulated in various Acts that apply to them.

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