FAQs re the Companies Act

28 June 2022
Accounting
South African Accounting Academy

SAICA receives questions on the Companies Act, 71 of 2008 (“Companies Act”) issues from SAICA members and associates and has undertaken to provide guidance on some of the issues raised.

This document includes Frequently Asked Questions documents previously released including

Frequently Asked Questions published on “Disclosure of Directors’ and Prescribed Officers Remuneration”, released September 2015;
Frequently Asked Questions on “Filing of audited annual financial statements” released 23 February 2016; and
Frequently Asked Questions on “Application of the Owner-managed exemption” released 31 August 2018 and updated 12 September 2018.

This set of frequently asked questions is in addition to the “Updated guidance and frequently asked questions on Section 90(2) of the Companies Act, 2008, updated 17 March 2015.

Click here to download the FAQ Document:

https://saicawebprstorage.blob.core.windows.net/uploads/resources/FAQs-for-members-and-associates-relating-to-the-Companies-Act.pdf

Relevance to Auditors, Independent Reviewers & Accountants:

As an auditor, accountant and independent reviewer, you need to have an excellent working knowledge of the Companies Act, 71 of 2008.
This FAQ document includes guidance compiled by SAICA to some issues raised by members and associates, which should benefit everyone with similar issues or questions.

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