REPORTING AND RELATED SERVICES THAT SAIPA MEMBERS ARE ENTITLED TO PROVIDE
SAIPA members are entitled to provide a wide array of services to their clients. For practical purposes three generic focus areas have been identified:
REPORTING SERVICES REQUIRED BY STATUTE
A statute, such as the Close Corporations Act and the companies act, may require that a report be issued to the commission or the relevant entity, by an: accounting officer or by a qualified person. Such reports are generally factual in nature requiring the report provider to compare financial statements with the information contained in accounting records, to review the appropriateness of the accounting policies that were applied in the preparation of financial statements, and to report on any contraventions of the particular legislation.
The Professional Accountant (SA) is generally expected to report to the client in respect of the nature and extent of the work that has been done and the results of such work. The report concerned is factual in nature and should not be confused with an attestation or assurance report of a Registered Auditor. The report does not express an opinion.
These services are:
PROFESSIONAL SERVICES ASSOCIATED TO A STATUTORY REPORTING FUNCTION
Such professional services include accounting services such as completing and maintaining accounting records, drafting and preparing annual financial statements, providing advice in respect of the accounting treatment of transactions, analysing and interpreting financial statements, and implementing accounting software.
These services also include: