The Sol Plaatje Local Municipality reported that it is a high capacity municipality and is expected to comply with both Municipal Finance Management Act (MFMA) and Accounting Reporting Standards. Within the SPLM, an MFMA Implementation Plan has been developed and this plan focuses both on compliance issues and directorates with an aim to ensure that respective directorates take responsibility and accountability in as far as compliance is concerned. The SPLM added that asset management regulations have been presented to management and steering committees as required.