As one of his true conditions of membership, he is required to have passed an examination in accounting and connected areas of study. The accepted business must also be the power to exclude from membership these individuals found responsible for negligence in the performance of the responsibilities or conduct is discreditable for their professional. The accounting official is needed to: determine if the economic statement are related to the accounting records, determine the sales procedures used in the preparation of the economic statement and are accountable to customers on the matters mentioned above.
Once the sales official is just a member or employee or a corporation, he must state this fact in his report. In performing his duties the sales officer has, in respect with the Close Corporations Act, clean or usage of the accounting documents and different information of the corporation and is called to acquire any essential explanations from members. If, during the efficiency of his duties, an accounting official becomes aware of any contravention or a provision of the Close Corporations Act, the must explain the character of the contravention in his record, aside from perhaps the contravention is material.
If the accounting specialist becomes conscious through the efficiency of his jobs that have any change in the particulars of the founding statement have not been listed, or that the economic claims show that as at the end of the financial year are the corporation's liabilities surpass their resources she must report forthwith, by listed article to the Registrar. If the accounting specialist whenever you want understands, or has purpose to trust, the firm is not carrying on organization and does not have intention of resuming procedures in the near future, the must immediately record same to the Registrar.
An accounting officer who resigns or who is duties from company must straight away inform every member of the corporation in publishing and should send a replicate of his letter to the listed company of the corporation. An sales specialist who is removed from the office must consider the causes for his removal. If he thinks he was eliminated for invalid reasons, she must immediately notify the Registrar and send a replicate of his page to every member in the corporation.
By the end of the day it's the duty of the customers to ensure the accounting specialist has organized the financial statements to pretty signify the affairs of the corporation and that are prepared in accordance with generally acknowledged accounting exercise acceptable to the business enterprise of the corporation. If the people and the accounting specialist fail to comply with this duty, they may be guilty or mismanagement.