How does CIPC’s sampling of AFS work?

Quarterly sample = normally 120 to 160 AFS of audited or independently reviewed AFS

  • Going forward = independently reviewed AFS will be less, if they submit their AFS by choice (as they are not required)
  • Every quarter, a sample is selected by CIPC ito Sec 35 (5)
  • CIPC may issue a compliance notice to better comply with reporting provisions of the Companies Act 2008

Disclaimer:

Please note that the information provided does not constitute legal or professional advice, but rather the applicability of existing theory to a given practical situation. Due care is taken to ensure that the information is correct, but it remains subjective and an interpretation of application of information.

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