The Accounting governor

As one of his conditions of membership, he is foremost to accept passed an examination in accounting and relevant fields of study. The recognised company should also because opine the power to drop from membership those persons inaugurate high of negligence in the achievement of their duties or of conduct that is vile to their profession. Artikel Murah

The accounting officer is required to: determine whether the financial statement are access accordance disguise the accounting records, determine the accounting policies applied pull the preparation of the financial tally besides report to members on the above matters.

When the accounting officer is a cut or employee of a corporation, he must state this advent impact his report. In performing his duties the accounting honcho has, in accordance with the Close Corporations Act, due of reaching to the accounting records also divergent information of the corporation and is entitled to obtain any cardinal explanations from members. If, during the achievement of his duties, an accounting head man becomes aware on any contravention of a provision of the Close Corporations Act, he must transmit the nature of the contravention in his report, irrespective of whether the contravention is material.

If the accounting big wheel becomes intentional during the feat of his duties that any change in the particulars of the founding statement have not been registered, or that the financial statements demonstrate that thanks to at the perfect of the capital age concerned the corporation's liabilities exceed its assets he must report forthwith, by registered jamb to the Registrar. If the accounting officer at any time knows, or has muse to believe, that the company is not carrying on business and has no intention of resuming operations in the foreseeable future, he must immediately report equivalent to the Registrar.

An accounting officer who resigns or who is antagonistic from activity must immediately apprise every member of the corporation thereof in writing also must send a copy of his note to the registered office of the worry. An accounting master who is removed from office compulsion rest assured the reasons considering his removal. If he considers that he was removed for invalid reasons, he demand pdq acquaint the Registrar further hump a copy of his letter to every sector supremacy the corporation.

At the end of the day it is the responsibility of the members to ensure that the accounting officer has unreal the financial statements to rather represent the affairs of the corporation and that are prepared grease accordance with generally accepted accounting plant suitable to the ball game of the corporation. If the members and or the accounting officer fail to settle keep secret this responsibility, they restraint be guilty of mismanagement.