Example of a report of the accounting officer when agreed upon procedures were carried out
report of the accounting officer to [insert name of CC here]
We have performed the duties of accounting officer to [insert name of CC here] for the year ended 28 February 20X9 as required by section 62 of the Close Corporations Act, 1984. The annual financial statements set out on pages X to X are the responsibility of the members. No audit is required by the Act to be carried out and no audit was conducted.
Accordingly, we do not imply or express an opinion or any other form of assurance on the annual financial statements.
We have determined that the annual financial statements are in agreement with the accounting records, summarised in the manner required by section 58 (2) (d) of the Act, and have done so by adopting such procedures and conducting such enquiries in relation to the accounting records as we considered necessary in the circumstances.
We have also reviewed the accounting policies, which have been presented to us as having been applied in the preparation of the annual financial statements and we consider that they are appropriate to the business.
In addition to the duties of accounting officer as required by section 62 of the Act and dealt with in Part A of this report, we have performed the procedures agreed with you and described below. The procedures were undertaken in accordance with International Standards on Related Services applicable to the Engagement to perform agreed upon procedures regarding financial information (ISRS 4400). The responsibility for determining the adequacy or otherwise of the procedures agreed to be performed is that of the members of the corporation. The procedures were performed solely to assist you in (state purpose) and should be used by you only for this purpose. The procedures are summarised as follows:
(Insert list of procedures)
We report our findings below:
(Insert list of findings)
Because the above procedures do not constitute either an audit or a review made in accordance with International Standards on Review Engagements, we do not express any assurance on the annual financial statements.
Had we performed additional procedures or had we performed an audit or review of the financial statements in accordance with International Standards on Auditing or Review Engagements, other matters might have come to our attention that would have been reported to you.
Part B of this report is solely for the purpose set out in the first paragraph thereof and for your information, and is not to be used for any other purpose, nor to be distributed to any other parties. This report relates only to the accounts and items specified above, and does not extend to the annual financial statements taken as a whole.
* In terms of Section 60 (3) of the Close Corporations Act, 1984, we wish to draw your attention to the fact that a member / partner / employee of our firm is also a member of the corporation and all the members have consented in writing to our appointment as accounting officer under these circumstances.
* Where applicable