*Registration of meeting minutes and approval of financial statements is not possible without submitting an audit report*
Abbas Fafadar – Certified Accountant
Until now, the persons who were subject to auditing by the audit institutions that are members of the Iranian Certified Accountant Society or the auditing organization were specified in the Law on the Establishment of the Certified Certified Accountant Society of Iran and the charter of the auditing organization.
On the other hand, in the implementation of the provisions of Article 272 of the amendment of the Direct Taxes Law, some natural and legal entities whose total gross income exceeds 80 billion Rials or their total assets exceed 150 billion Rials, based on their last declaration, are required to submit financial statements. The audited persons were themselves audited by the audit organization or audit institutions that are members of the Iranian Certified Accountant Society to the Tax Agency, and in case of failure to submit it, in addition to a fine equal to 20% of the due tax, their taxable income will be determined according to the provisions of the Direct Taxes Law and through proceedings. became.
It can be said that until now, apart from the above, other commercial companies did not have the obligation to conduct audits by audit institutions that are members of the Iranian Certified Accountant Society or self-employed certified accountants.
Recently, a circular numbered 82143/1401 dated 05/08/1401 by the head of the country’s Real Estate and Deeds Registration Organization addressed to the General Directorate of Registration of Companies and Non-Commercial Institutions and the General Directorates of Deeds and Real Estate Registration of the provinces on the subject of how to audit financial and documentary documents of commercial companies. Issued whereby:
1- It is possible to register the approval of the balance sheet and profit and loss account of all kinds of commercial companies after the approval of the official accountant.
2- In all types of commercial companies that apply for non-cash capital registration at the time of establishment or capital increase from profit, claims, revaluation and other non-cash financing cases, the valuation of non-cash assets must be approved by an official judicial expert and an official accountant. The registration reference should be provided.
According to the above two cases, all the seven types of companies listed in Article 20 of the Trade Law approved in 1311, including private and public joint-stock companies, limited liability companies, joint-stock companies, non-joint joint-stock companies, joint-stock companies, relative companies and cooperative companies are included in this circular and to register the approval of their financial statements, they are required to submit the audit report issued by the audit institutes or self-employed certified accountants who are members of the certified accountants society of Iran to the company registration authority.
Also, in order to register non-cash capital at the time of establishment or capital increase from profit, claims, revaluation and other non-cash financing cases, it is required to provide the approval of an official judicial expert or audit institutions or self-employed official accountants who are members of the Certified Public Accountants Society of Iran in These cases are for the company registration authority.
It can be said that according to this circular, all commercial companies registered in Iran, regardless of their type or size, are required to submit an audit report issued by auditing institutions or certified accountants who are members of the Certified Public Accountants Society of Iran to the company registration authority in order to record the minutes of approval of financial statements. are in this reference and no commercial company is exempt from this.
With the above consideration, it seems that it is necessary for the shareholders, partners and managers of all the above seven commercial companies to be aware of the provisions of this circular and take the necessary measures to comply with it in order to register their minutes in the company registration authority and as a result carry out operations. Don’t face any problems with your current.
Source www.accpress.com