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Thread: CC Accounting Officer

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    CC Accounting Officer

    I have just registered a CC with a friend through the CC registration companies. The company provided their own accountant for registration. But we have to get our own accountant, and cc-guide states that it does not have to be a registerd CA but it can be a member of a recognized accounting profession.

    My question is that does this mean anyone with an accounting qualification can do the job or this requires us to get the recognised company to do our accounting?

    Thanks in advance!

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    Platinum Member Marq's Avatar
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    Recognised accounting profession is a Professional accountant - someone belonging to SAIPA or a chartered accountant who would belong to SAICA. Either can do your cc's books and draw up afs's for you. There are many who operate on their own or within accounting firms who specialise in what you are looking for. Either can work for your purposes - just need to find one in your area. If you are looking for one, I guess they may be able to help you at SAIPA - go to here. Or ask the guys who set up the cc to recommend one to you and take it from there. Funny, I thought the whole reason for doing setups was to get the accounting work on the other side??
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    Gold Member daveob's Avatar
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    Quote Originally Posted by Marq View Post
    I thought the whole reason for doing setups was to get the accounting work on the other side??
    I suspect that the OP is referring to an "off the shelf" cc that would have been purchased online, possibly via swiftreg.

    I have also done this in the past. The main reason for using their services ( ie.. buying a cc from them ) is that the shelf companies they sell are already registered, so you can actually have a cc registered and up and running in 24 hours. ( compared to a lot longer if you go to register a new cc via cipro ).
    Watching the ships passing by.

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    Platinum Member Marq's Avatar
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    I just wanted to remind those who think this shelf company story is a good idea The cc that you buy still has the original members and details listed for the period of time that it takes you to register the new CK2 and CK2a documents for changes -ie your own members accounting officer, registered address and chnge of name etc. This means that you do not 'own' your company and also means that you are at risk during this period if you for example have opened bank accounts and put large numbers therein. Nothing is officially yours until the new registration takes place.

    The registration of the ck2 change documents will probably take as long as it takes the ck2 docs to be registered. I dont know what that time period is at the moment - used to be round about 6 weeks.
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    Platinum Member sterne.law@gmail.com's Avatar
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    A cc requires an accounting officer to sign off the books. An accounting officer is one of two qualifications - a chartered accountant or a qualification from CIS, Chartered Institute of Secretaries(Secretary as in company secretary for JSE purposes). The books may be done by abyone only the financials need to be signed off by the accounting officer. It is not an audit, simply that the financials are prepared in the correct manner, a rather vague description.
    Anthony Sterne

    www.acumenholdings.co.za
    DISCLAIMER The above is merely a comment in discussion form and an open public arena. It does not constitute a legal opinion or professional advice in any manner or form.

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    Platinum Member Marq's Avatar
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    The cost of living hasn't affected its popularity.
    Sponsored By: http://www.honeycombhouse.com

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    Thanks

    Thanks a lot for your help. I think my next step now is to get the accounting officer and then process the changes through CK2A.

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    Platinum Member sterne.law@gmail.com's Avatar
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    Quote Originally Posted by Sebzon View Post
    Thanks a lot for your help. I think my next step now is to get the accounting officer and then process the changes through CK2A.
    The new companies act should be in effect by year end. The cc will be done away with, although existing cc will continue. The act will make allowance for smaller businesses, based on turnover, to not require full audits as such.
    Anthony Sterne

    www.acumenholdings.co.za
    DISCLAIMER The above is merely a comment in discussion form and an open public arena. It does not constitute a legal opinion or professional advice in any manner or form.

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    Platinum Member desA's Avatar
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    Quote Originally Posted by sterne.law@gmail.com View Post
    The new companies act should be in effect by year end. The cc will be done away with, although existing cc will continue. The act will make allowance for smaller businesses, based on turnover, to not require full audits as such.
    Can you perhaps provide more information on what this new act may look like?

    What would be defined as a 'smaller business'?
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    Site Caretaker Dave A's Avatar
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    Des, this discussion on the new companies bill should help.
    The trouble with opportunity is it normally comes dressed up as work.

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