The Accounting Records and the Companies Act

Introduction
The chapter details the companies Act Cap 486 requirements on the keeping of accounting records and books incorporated companies. The accountant and the auditor must familiarize himself or herself with requirements before he/she carries out the audit work. auditor must ascertain that the directors of the company have complied with all the necessary rules and requirements of the companies Act. It the responsibility of the directors to keep proper books of accounts. Proper books of accounts must comply with rules and regulation as set out in the companies Act and the relevant International Accounting Standards.

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