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CIPC: Acceptable proof of physical address as per Practice Note 1 of 2024
- 26 February 2024
- CIPC
- South African Accounting Academy
As per Practice Note 1 of 2024, the notice contains a table that sets out acceptable proof of physical addresses of the list of services listed in the Practice Note.
Practice Note 1 of 2024 will take effect on 1 March 2024.
Non-adherence to the requirements will result in the application being rejected. If rejected, the deficiency within the application must be corrected and the entire application must be resubmitted as a single e-mail with all attachments in PDF and it must be e-mailed to [email protected].
Access Practice Note 1 of 2024 at https://www.cipc.co.za/wp-content/uploads/2024/02/PN-1-of-2024_GG-Notice-number-4356_9-February-2024.pdf
CIPC also included a notice to correct the erratum on Practice Note 1 of 2024. Reference to CoR 16.1 should be CoR 18.1.
For further enquiries, kindly log a ticket via the CIPC Online Query Management System – www.cipc.co.za/enquiries.
Click here to download Notice 10 of 2024:
Relevance to Auditors, Independent Reviewers & Accountants:
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The Companies Act is yet another piece of legislation that your clients must comply with, and which you must assess compliance with. If they don’t comply with the relevant laws and regulations, you have certain reporting obligations in terms of NOCLAR (Non-Compliance with Laws And Regulations) – this could include reporting to management, qualifying your audit opinion, reporting a Reportable Irregularity, etc.
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As an auditor, independent reviewer and accountant, you also need to monitor your client’s compliance with the Companies Act and all relevant notices/enforcements/practice notes/customer letters issued by CIPC as the regulator.
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Where you perform these compliance tasks on behalf of your client, you need to ensure that you comply with all relevant notices/enforcements/practice notes/customer letters issued by CIPC as the regulator.
Relevance to Your Clients:
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An entity (company or close corporation) must comply with the Companies Act, and all relevant notices/enforcements/practice notes/customer letters issued by CIPC as the regulator.