If a Close Corporation does not need to be audited, do we need to submit a CoR30.2?

Submission requirements depend on your Public Interest (PI) score and company regulations. SAAA's technical resource centre provides comprehensive documentation on independent reviews and CoR30.2 filing frameworks.

Is there a contradiction between the timeframe of submission of voluntary audited annual financial statements for a close corporation?

Section 58(1) of the Close Corporations Act outlines specific parameters regarding whether financial statements must be completed within 6 or 9 months. SAAA provides expert legal compliance resources to clarify these close corporation deadlines.

Loadshedding: what should employers know

26 October 2022
South African Accounting Academy

The recent announcement of the resumption of loadshedding throughout the country may have severe implications for business and labour relations. Employers and employees should know their rights and duties during periods of interrupted power supply.

Employers need to ensure that they comply with labour law requirements while at the same time, implementing measures to reduce the negative impact that loadshedding has on their businesses.

Both Employers and Employees have certain Obligations in this regard.

It is important that employers and employees be understanding of the serious implications loadshedding has on both sides of the employment relationship and engage in meaningful consultation to ensure the least disruptive outcome is achieved.

Click here to access the article:

https://www.werksmans.com/legal-updates-and-opinions/loadshedding-what-should-employers-know/

Relevance to Auditors, Independent Reviewers & Accountants:

Loadshedding has affected us as businesses, individuals, employers and employees in numerous ways.
Employers need to ensure that they comply with labour law requirements while at the same time, implementing measures to reduce the negative impact that loadshedding has on their businesses.
Both Employers and Employees have certain Obligations in this regard.

Relevance to Your clients:

Loadshedding has affected us as businesses, individuals, employers and employees in numerous ways.
Employers need to ensure that they comply with labour law requirements while at the same time, implementing measures to reduce the negative impact that loadshedding has on their businesses.
Both Employers and Employees have certain Obligations in this regard.

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