The Non-profit Organisations Act (the NPO Act) provides for a voluntary registration facility for non-profit organisations. The NPO Act requires that all registered NPOs appoint an accounting officer to hold office. Chapter 1 of the NPO Act defines an accounting officer in relation to a non-profit organisation, as a person contemplated in section 60 of the Close Corporations Act, 1984.
This Southern African Institute for Business Accountants (SAIBA) Guide to Accounting Officer Engagements for NPOs was commissioned by the SAIBA Small and Medium Practices (SMP) Committee to provide guidance to Business Accountants in Practice (SA) or BAP(SA) on how to perform an accounting officer engagement for a non-profit organisation.
The Guide provides BAP(SA)s with a broad understanding of the NPO Act while focusing on the specific obligations of the accounting officer. As such, the Guide will help BAP(SA)s to operate with greater compliance and professionalism, thus helping them to cope in an increasingly complex and competitive environment.
The Guide includes an illustrative engagement letter and accounting officer report.