The Capital Markets (Coffee Exchange) Regulations

46. Accounts and Audit

Edition: 2022-12-31 · In force

(1)An exchange shall cause proper books of accounts to be kept with respect to—

(a)all sums received and expended by the exchange and matters in respect to which the receipt and expenditure took place;

(b)all sales and purchase of goods by the exchange; and

(c)the assets and liabilities of the exchange.

(2)The exchange shall prepare an annual report containing audited financial statements within four months of the close of the financial year.

(3)A complete set of financial statements includes the following components—

(a)balance sheet;

(b)income statement;

(c)a statement showing either—

(i)all changes in equity; or

(ii)changes in equity other than those arising from capital transactions with owners and distributions to owners;

(d)cash flow statement; and

(e)accounting policies and explanatory notes.