CIPC List of Accredited Professional Bodies for business rescue practitioners

10 October 2022
Accounting
South African Accounting Academy

Accredited Professional Bodies:

Institute of Accounting and Commerce (IAC)
South African Institute of Professional Accountants (SAIPA)
Chartered Institute for Business Accountants NPC (CIBA) (previously known as (SAIBA))
South African Institute of Chartered Accountants (SAICA)
The Association of Chartered Certified Accountants (South Africa) NPC (ACCA)
The Institute of Business Advisors NPC (IBASA)
The Chartered Institute of Management Accountants (CIMA)
Turnaround Management Association (TMA)
South African Restructuring and Insolvency Practitioners Association NPC (SARIPA)
The Institute of Management Consultants and Master Coaches of south Africa NPC (IMCSA)
Legal Practice Council (LPC)

Please note that Notice 29 of 2021 is hereby withdrawn effective from 22 September 2022, and replaced by Notice 27 of 2022.

Click here to download the Notice:

https://www.cipc.co.za/wp-content/uploads/2022/09/Revised-List-of-Accredited-Professional-Bodies-as-of-22-September-2022-2-1.pdf

Relevance to Auditors, Independent Reviewers & Accountants:

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.
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 issued by CIPC as the regulator.
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 issued by CIPC as the regulator.

Relevance to Your clients:

An entity (company or close corporation) has a duty to comply with the Companies Act, and all relevant notices/enforcements/practice notes issued by CIPC as the regulator.

To stay current with all the latest changes and updates subscribe to our Monthly Compliance and Legislative Update series for R 250.00 per month. This gives you access to a monthly 2-hour webinar and monthly newsletter:
https://accountingacademy.co.za/profession/monthly-legislation-update

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