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Guide for accounting officers

Tuesday, 28 January 2014   (0 Comments)
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The SAIBA Technical Department has just completed an update of the SAIBA Guide to Accounting Officer Engagements.  SAIBA members that have obtained the designation Business Accountant in Practice are recognised as accounting officers. 

An accounting officer is a person who meets the qualification requirements as detailed in section 60 of the Close Corporations Act, 1984 and as a result, may issue an accounting officer and other reports on the financial statements and information of close corporations and other entities. 

Accounting officers have statutory recognition to issue specific types of reports on financial statements and other information. The various statutes that provide this recognition are explained and discussed in this Guide. 

The purpose of this Guide is to assist members in practice with establishing an engagement framework that can be applied when issuing accounting officer or similar reports on financial statements.

The Guide has been updated to provide for:

  • Changes to the Co-operatives Amendment Act, Act No 6 of 2013
  • B-BBEE Amended Codes of Good Practice with specific regard to EME certificates 
The Guide is available here  or paste the following into your browser  

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