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.