Results 1 to 8 of 8

Thread: Close Corporation Financial Statements PIS < 100

  1. #1
    Junior Member
    Join Date
    Mar 2010
    Location
    Centurion
    Posts
    10
    Thanks
    0
    Thanked 0 Times in 0 Posts

    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

  2. #2
    Diamond Member Blurock's Avatar
    Join Date
    May 2010
    Location
    Durban
    Posts
    4,151
    Thanks
    758
    Thanked 886 Times in 735 Posts
    Blog Entries
    7
    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...

  3. #3
    Diamond Member Mike C's Avatar
    Join Date
    Apr 2012
    Location
    Umkomaas
    Posts
    2,850
    Thanks
    249
    Thanked 371 Times in 327 Posts
    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.
    No act of kindness, no matter how small, is ever wasted. - Aesop "The Lion and the Mouse"

  4. #4
    Silver Member
    Join Date
    May 2010
    Location
    durban
    Posts
    419
    Thanks
    128
    Thanked 61 Times in 52 Posts
    To Blurock & Mike : C'on, give the guy a break. We don't know what his definition of "CA" is?

  5. #5
    Site Caretaker Dave A's Avatar
    Join Date
    May 2006
    Location
    Durban, South Africa
    Posts
    22,648
    Thanks
    3,304
    Thanked 2,676 Times in 2,257 Posts
    Blog Entries
    12
    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

  6. #6
    Diamond Member Blurock's Avatar
    Join Date
    May 2010
    Location
    Durban
    Posts
    4,151
    Thanks
    758
    Thanked 886 Times in 735 Posts
    Blog Entries
    7
    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!
    Excellence is not a skill; its an attitude...

  7. #7
    Gold Member Mark Atkinson's Avatar
    Join Date
    Jul 2010
    Location
    Melbourne, Australia
    Posts
    796
    Thanks
    212
    Thanked 150 Times in 117 Posts
    Blog Entries
    12
    Fixmytax, care to provide your registration details with SAICA?

  8. #8
    Email problem
    Join Date
    Apr 2013
    Location
    Pakistan
    Posts
    2
    Thanks
    0
    Thanked 0 Times in 0 Posts
    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.

Similar Threads

  1. [Question] association agreement close corporation
    By AmithS in forum General Business Forum
    Replies: 3
    Last Post: 29-May-19, 07:22 PM
  2. Close Corporation Members Rights
    By ANGELA003 in forum Business Finance Forum
    Replies: 11
    Last Post: 24-May-12, 08:59 AM
  3. [Question] ASAP: Close Corporation Membership
    By jonathan87 in forum General Business Forum
    Replies: 6
    Last Post: 10-Jan-12, 08:35 AM
  4. [Question] Associated Agreements for Close Corporation
    By Brian salthouse in forum General Business Forum
    Replies: 0
    Last Post: 20-Feb-11, 02:05 PM
  5. When the close corporation structure fails to protect the members.
    By Dave A in forum General Regulatory Compliance Forum
    Replies: 20
    Last Post: 11-Dec-10, 01:58 PM

Tags for this Thread

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •