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Your Questions Answered

Always remember our responsibility in engagement with clients, to safeguard and confidentially use information obtained in the engagement. We have to always remember and go back to what our agreement entails. As business accountants, we should not try to fulfil the duties and responsibilities of an auditor. We should work through the engagement and when we identify the irregular finance activities, meet with the client and discuss the effect this will have on our report, of course depending on the report that we need to issue, e.g. accounting officer or independent accounting professional. If we are just appointed to do the bookkeeping, we’ll have to meet with the client and explain our role as professionals registered with a professional body (SAIBA). We must explain that we will not be able to continue with our engagement, should the seemingly irregular finance activity be illegal.