Close Corporations Act - Accounting Officer Duties

In-house course

1.00
Attendance at this seminar will secure 1 hour/s verifiable CPD points including other professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc)
TRISTAN DAVID-CREWE WHITE   tristan@probetatraining.co.za

On 28 August 2024, the CIPC issued Notice 56 of 2024, highlighting widespread non-compliance by accounting officers with their duties under the Close Corporations Act.

This webinar provides a practical overview of the role of accounting officers, their responsibilities, and the required reporting obligations for close corporations (CCs).


This interactive webinar will
include practical insights, a detailed discussion on CIPC requirements, and an
opportunity to ask questions at the end of the session.


This course will ensure
participants understand their duties and obligations under the Close
Corporations Act, helping them avoid non-compliance issues and provide
high-quality services to their CC clients.

Who Can Serve as an Accounting
Officer


  • Eligibility criteria for accounting officers.

  • Understanding which services an accounting
    officer can and cannot offer (e.g., independent reviews, audits, compilations).

Duties and Responsibilities
Under the Close Corporations Act


  • Overview of the relevant sections of the Act
    applicable to accounting officers.

  • Explanation of the officer's responsibilities
    regarding accounting practices and financial statements of CC clients.

CIPC Publications and Notice
56 of 2024


  • Discussion of the findings and recommendations
    in Notice 56 of 2024.

  • How to align accounting officer practices with
    CIPC expectations.

Required Reports for
Accounting Officers


  • Identification of the reports to be prepared and
    submitted annually.

  • Explanation of the content and format of each
    required report.

  • Accounting Officers 
  • Auditors
  • Finance Professionals
  • Business Consultants working with Close Corporations
  • Independent Reviewers