Section 90 Of The Companies Act 2008

Steps taken by saica and the final outcome.
Section 90 of the companies act 2008. 71 of 2008 an explanatory guide background the process of developing the companies act no. 71 of 2008 was signed by the president on 8 april 2009 and gazetted in gazette no. Companies act no 71 of 2008.
Section 90 of the act contains provisions applicable to an auditor engaged to perform a statutory audit of a company or a close corporation cc. For guidance the developers looked to south african company law for the 21st century. Guidelines for corporate law reform may 2004 a policy document developed by the department of trade and industry the dti.
6 the companies act no. Section 90 2 b of the companies act no. The companies act no.
The act replacesd the companies act 61 of 1973 and came into effect on 1 may 2011. The application of section 90 of the companies act 2008. The original guidance was released on 14 may 2013 and the frequently asked.
71 of 2008 the act. In summary section 90 prohibits an auditor from providing certain specified services for a client on which a statutory audit is performed. Companies amendment act no 3 of 2011.
71 of 2008 began in earnest over five years ago. This document provides updated guidance on the applicability of section 90 2 of the act and clarification on certain terminology used in section 90 2 b. Summary of financial reporting standards audit and review and persons eligible to do audit review in terms of the companies act 2008.