Annual Financial Statements, or Financial Report, is a structured presentation of relevant financial information of a business, or individual. The complexity of a Financial Statement may vary from business to businesses depending on the industry and size of the business.
While most accountants can prepare an Annual Financial Statement, not all accountants are allowed to sing off on a Financial Statement. This is mainly to ensure that the accountant signing off on a Financial Statement has sufficient knowledge and is qualified to understand the implications of the content in the statement.
We’ve included a table with more information below, but in short Accounting Officers may sign off Financial Statements for Close Corporations, while an Auditor is needed to sign off Company Financial Statements.
Dynamitech have both accountants and a Chartered Accountant in-house to sign off Financial Statements for Close Corporations and Companies.
FICATION
DESIGNATION
(Pty) Ltd
(Close Corporations)
www.saica.co.za
(formerly
PAAB)
www.paab.co.za
www.icsa.co.za
(Fellow)
South Africa - No
www.acca.org.za
www.cimaglobal.com
(Fellow)
(Fellow)
(formerly CPA)
South African Institute of Professional Accountants
(formerly: Institute of Certified Public Accountants)
www.saipa.co.za
(formerly CFA)
Accountant
(Practice)
(Practice)
www.saiba.org.za
Business
Accountant
(Affiliated)
(Affiliated)
Accountant
(Student)
(Student)
www.iacsa.co.za
www.icb.org.za
www.sars.gov.za