One of the conditions for membership is that you have to complete an examination in accounting and related fields of study. The recognized company must have the same powers to exclude from the membership the persons who have committed for their negligence in the performance of their duties or conduct in the exercise of their official duties.
The accounting officer is required to: determine whether the financial statements are consistent with the accounting records, determine the accounting policies used to prepare the financial statements and report to the members on these matters.
When the Accounting Officer is a member or employee of a company, this fact is reported. In carrying out his duties, the Accounting Officer is entitled to access the company's accounting records and other information in accordance with the Secured Corporate Law and is entitled to obtain any necessary explanation from the members. If, during the performance of his duties, the Accounting Officer becomes aware of any breach of the provisions of the Closed Business Law, he must state in his report the nature of the infringement, regardless of whether the infringement is significant.
If the Accounting Officer becomes aware of the fact that the accounting statements have not been recorded or that the financial statements show that at the end of the financial year concerned the company's liabilities exceed its assets. to notify the Registrar without delay. If the accounting officer knows or has reason to believe that the company is not doing business and does not intend to continue operations in the foreseeable future, it shall immediately report back to the Registrar.
The accounting officer who resigns or leaves office shall immediately notify all members of the company in writing and send a copy of his letter to the company's registered office. The Accounting Officer, who leaves office, should consider the reasons for the removal. If you consider that it has been canceled for invalid reasons, you must immediately notify the Registrar and send a copy of your letter to all members of the Company.
At the end of the day, it is up to the members to ensure that the accounting officer has prepared the financial statements for the fair representation of the company's business and has been prepared in accordance with generally accepted accounting practices in accordance with the company's business. If the members and / or the Accounting Officer fail to fulfill this responsibility, they may be guilty of mismanagement
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