Business rescue practitioners and business rescue administration: FAQs

28 September 2022
Accounting
South African Accounting Academy

Members and associates should keep abreast of legislative developments, related guidance issued by regulators and any case law relevant to the subject matter. If there is any conflict between the contents of this guide and the aforementioned legislative developments, related guidance issued by regulators and any relevant case law, members and associates must comply with the latter.

The FAQs have been grouped under the following headings:

Business rescue practitioner’s administration (3 FAQs)
Business rescue administration (5 FAQs)
Business rescue proceedings (10 FAQs)

This FAQs document was discussed at the SAICA’s Business Rescue Interest Group.

This is a live document that is subject to change and is non-authoritative.

This document has not been subject to any formal process of the Companies and Intellectual Property Commission (CIPC) or SAICA.

The concepts of professional scepticism and professional judgement should be applied in all the scenarios described in the FAQs.

Click here to download the FAQs:

https://saicawebprstorage.blob.core.windows.net/uploads/Business-rescue-frequently-asked-questions-2022-25-07-2022.pdf

Relevance to Auditors, Independent Reviewers & Accountants:

Members and associates should keep abreast of legislative developments, related guidance issued by regulators and any case law relevant to the subject matter.
It will be of use to anyone involved in the business rescue process.

Relevance to Your clients:

This guide will serve as general information to your clients.

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