Annual Financial Statements Preparation and Signing Off

• Accounting Officers for cc's
• Auditors for Companies
  

In terms of tax legislation, every business or trust needs to submit annual financial statements. Not all accountants are qualified to sign off certain entities such as Close Corporations, Trusts and Companies. See our:
Table of General Guidelines of what type of qualifications an account needs to fulfill these functions.
If your particular accountant does not qualify this is not necessarily a problem, as those that don't often work closely with an accountant that can fulfill these functions. As more qualified accountants tend to charge more, it could be cost effective to use a more economical person for the other tasks and a professional just to check over it and perform the formalities.