CIPC Update on file transition project

01 September 2022
Accounting
South African Accounting Academy

As previously stated in Notice 9 of 2022, delays were expected until the end of May 2022.

The request for Paper Based Disclosures must be lodged via the “enquiries portal’ on the CIPC website. The ticket must be directed to Companies and Close Corporation Paper Based Disclosures. Customers need to ensure that the correct customer code is reflected in the request with the entity name and entity number and must clearly indicate the document(s) requested. A postal address must also be provided in respect of all requests for certified copies.

NB: Only one request per ticket must be submitted per entity. If multiple requests are submitted from the one request, only the first entry will be considered. No perusal of files will be allowed until further notice.

Click here to download the Notice:

https://www.cipc.co.za/wp-content/uploads/2022/08/ticket654298.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, 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.

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