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"Legal authority to designate and regulate business accountants"

We have the legal authority to verify and monitor the delivery of quality professional services by business accountants.

We are empowered to regulate the following services provided by business accountants* (may be limited to BAP(SA)s, refer to "Earn a Designation")

  • Preparation of financial statements
  • Compilation, Agreed Upon Procedures, Accounting Officer Reports.
  • Limited Assurance reports.
  • Assurance on non-financial information
  • Commissioner of Oaths
  • Business Rescue Practitioner Engagements
  • Tax Returns and Advise (with SAIT)
  • Financial Intelligence Reports (Namibia).

We are empowered in terms of the following statues and related regulations:

  • Namibian Financial Intelligence Centre Act, No. 13 2012.
  • Tax Administration Laws Amendment Act 21 of 2012 (membership with SAIT)
  • Close Corporations Act 69 of 1984
  • Companies Act, 71 of 2008
  • Immigration Act, 13 of 2002
  • Justices of the Peace and Commissioners of Oaths Amendment Act, 1967
  • Sectional Titles Schemes Management Act, No. 8 of 2011 (Exemption from Chief Ombud
  • Trust Property Control Act, 57 of 1988 and the Trust deed.
  • Sectional Titles Schemes Management Act, No. 8 of 2011
  • SA Schools Act 84 of 1996
  • Financial Advisory and Intermediary Services Act 37 of 2002 (Accounting Officer exemption)
  • Non-profit Organisations Act 71 of 1997
  • National Credit Act 34 of 2005 (Application submitted)
  • Co-operatives Act 14 of 2005
  • Fund-Raising Act 107 of 1978
  • Lotteries Act, 57 of 1997
  • Broadcasting Act, No 4 of 1999
  • BEE Act 53 of 2003 (Affidavits for EME BBBEE Certificates)
  • Construction Industry Development Board Act No 38 of 2000
  • Immigration Act, 13 of 2002