Accounting Officer Appointment

Your Accounting Officer should be part of a recognised accounting profession for purposes of appointment as according to accounting officers in terms of the Close Corporations Act, 1984.

We are proud members of The South African Institute of Professional Accountants (SAIPA) as well as the South African Institute of Tax Practitioners (SAIT).

Some of the duties of an Accounting Officer include:

 Compilation of financial statements

 Review Financial Report/s

 Budgetary Follow-Ups

 Financial Advice

 Account Management

More than 8 000 Close Corporations face deregistration by the Companies and Intellectual Property Commission (CIPC) due to the fact that they don't have accounting officers.

In a notice (Notice 6 of 2018), the CIPC says upon reviewing its registers it has come to its attention that there are Close Corporations with in business status, but do not have Accounting Officers. This is due to the fact that initial Accounting Officers have resigned and the Close Corporations have not yet filled the vacancies and the 28 days provided for in the Act has elapsed.

This is a violation of Section 59 of the Close Corporation Act and may result in these Close Corporations being deregistered.

The CIPC therefore requests these Close Corporations to remedy the situation and for ease of reference has published the list of affected Close Corporations on its website under "Publications".

All applications for appointment of accounting officers must be submitted via e-mail to manualck2@cipc.co.za