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Thread: Close Corporation Financial Statements PIS < 100

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    Close Corporation Financial Statements PIS < 100

    Hi

    I am running a small tax consulting business and also want to start compiling financial statements for close corporations. With all the latest changes I'm not sure what is required and acceptable. Would be gratefull if you could give some guidance on the following :
    1 - Where can I find a sample set of financial statements I can use as a template ?
    2 - Am I allowed to compile & sign off the financial statements (I'm a CA) if no bookkeeping has been done ? The CC only has their bank statements reflecting income and expenses
    3 - What else is required ?

    Thanks

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    Diamond Member Blurock's Avatar
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    If you were really a CA you would not be asking such basic questions. (I wanted to say stupid, but that sounded a bit harsh.)
    Excellence is not a skill; its an attitude...

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    Platinum Member Mike C's Avatar
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    Quote Originally Posted by Blurock View Post
    If you were really a CA you would not be asking such basic questions. (I wanted to say stupid, but that sounded a bit harsh.)
    That's what I thought as well.
    An education isn't how much you have committed to memory, or even how much you know. It's being able to differentiate between what you do know and what you don't. - Anatole France

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    To Blurock & Mike : C'on, give the guy a break. We don't know what his definition of "CA" is?

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    Site Caretaker Dave A's Avatar
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    Quote Originally Posted by flaker View Post
    We don't know what his definition of "CA" is?
    Or the background that might have led to the poster not being up to speed.

    However, I trust a CA, no matter how rusty, would have the ability to explain the apparent anomaly
    The trouble with opportunity is it normally comes dressed up as work.

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    Diamond Member Blurock's Avatar
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    Quote Originally Posted by fixmytax View Post
    Hi

    I am running a small tax consulting business and also want to start compiling financial statements for close corporations. With all the latest changes I'm not sure what is required and acceptable. Would be gratefull if you could give some guidance on the following :
    1 - Where can I find a sample set of financial statements I can use as a template ?
    2 - Am I allowed to compile & sign off the financial statements (I'm a CA) if no bookkeeping has been done ? The CC only has their bank statements reflecting income and expenses
    3 - What else is required ?
    Thanks
    Tax consulting?! This is scary!
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    Gold Member Mark Atkinson's Avatar
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    Fixmytax, care to provide your registration details with SAICA?
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    Yes I agree,If you were really a CA you would not be asking such basic questions. I wanted to say stupid, but that sounded a bit harsh.

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