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Co-Operative members to update details
- 06 June 2023
- Accounting
- South African Accounting Academy
This information is crucial as it will allow the CIPC to ensure that our customers receive constant and essential communication and that our customers are informed of any developments or changes relating to their Co-operatives. It is therefore imperative that directors ensure that their details are up to date on the CIPC database.
To update directors’ contact details, (email and/or cell phone number) please complete form COOP2 and email it together with the certified ID copies of the respective directors to [email protected].
The form can be downloaded by clicking on https://www.cipc.co.za/wp-content/uploads/2023/05/CO-OP2-NEW.pdf
Click here to download the Notice:
https://www.cipc.co.za/wp-content/uploads/2023/06/Notice-for-Cooperative-Contacts.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
Get all your CPD online. SA Accounting Academy (SAAA) offers Subscription Plans, Live Webinars, Webinars On-Demand, Access to Experts, Courses, Articles and more:
https://cpd.accountingacademy.co.za.