In terms of tax and company legislation, every business, from a sole proprietor to large companies, has to draft annual financial statements to disclose its results to SARS. In this respect, not all individuals are qualified to carry out this function. For example, bookkeepers cannot legally sign off close corporation annual financial statements.
Due to changes in the Companies Act an Auditor may no longer perform both the statutory audit service and the preparation of the Annual Financial Statements for an entity. If your entity is subject to a statutory audit function, you will need to ensure that you have IFRS or IFRS for SME’s compliant Annual Financial Statements that are prepared by an independent and academically qualified Accountant.
We offer a full outsourced solution and can assist in drafting of financial statements as follows:
Our financial statement drafting services can minimise the pressure on your in house team by helping you in:
We can draft the following financial statements: