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Online verification of CIPC disclosure certificates
- 10 May 2023
- Accounting
- South African Accounting Academy
CIPC has been receiving numerous complaints from registered businesses that CIPC documents (web disclosures, confirmation letters and registration certificates) when presented to other institutions are not always accepted.
A full disclosure certificate can be obtained via the CIPC website, www.cipc.co.za with payment of a fee of R30 (thirty rand only), which provides the requestor with full details of the company or close corporation governance structure as well as the history of the entity. These disclosure certificates will provide assurance to institutions and individual CIPC customers that the certificates presented are authentic as well as confirming and verifying information of entities against the CIPC records.
Step-by-step guides are available on the CIPC website, detailing the process to request a free (shortened) or full (official use) disclosure – refer to https://www.cipc.co.za/wp-content/uploads/Step_by_step_Guide/Electronic-Disclosure.pdf.
Click here to download Notice 26 of 2023:
https://www.cipc.co.za/wp-content/uploads/2023/05/Web_based_Disclosure-May2023.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.
- All accountable institutions can benefit from taking heed of this CIPC notice.
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.
- All accountable institutions can benefit from taking heed of this CIPC notice.
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.