The Committee recommends that the Accounting Authority ensures that: a) Policies and procedures related to financial reporting are established and implemented; b) Regular follow-ups are done on companies and close corporations that have not submitted their annual returns; c) Companies and close corporations that persist in not complying with the provisions of the Companies Act should are de-registered; d) An effective debtor's management system is implemented for annual returns; and e) Ongoing monitoring and supervision are undertaken to enable an assessment of the effectiveness of internal control over finances.