Section 60.
Qualifications of accounting officers
(1)
No person shall be appointed as or hold the office of an accounting
officer of a corporation, unless he is a member of a recognized
profession which
(a) as a condition for membership, requires its members to have
passed examinations in accounting and related fields of study
which in the opinion of the Minister would qualify such
members to......
4)
(a) A corporation may appoint as its accounting officer -
(i) any person who is a member of a recognised profession
listed in a notice referred to in subsection (2);
(ii) a firm as defined in section 1 of the Public Accountants’
and Auditors’ Act, 1991 (Act No. 80 of 1991);
(iii) any other firm, if each partner in the firm is qualified to be
so appointed; or
(iv) any other corporation, if each member of such
corporation is qualified to be so appointed.
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