Economy Burkinabe like many countries in sub-Saharan Africa is characterized by a dominant informal sector most often hostile to the control. An attitude that adversely affects the market development of the audit. Pending positive developments on the situation of growth centers, already circumscribed by laws and regulations seem to be ignored (or left?) By professionals. The following analysis attempts to put some of them identified. Article 1 of Law 23-96 of July 11, 1996 on the organization of auditing firms (promulgated by Decree 96-298 of 13 August 1996) states:
"The different types of companies owned enterprises and other private legal persons not economically active traders are required to have their accounts audited by one or more statutory accounts. In public limited companies, the auditor is required regardless of size. limited liability companies, other types of companies and publicly owned companies must appoint an auditor when at the end of year two of the three following criteria are met: Total assets equal to or greater than F / CFA 50 million
Net turnover excluding VAT or more F / CFA 100 million
equal number of permanent employees 30 or more
economic interest groups and other private legal persons not traders but economically active, are also required to appoint an auditor if the three sets defined in the preceding paragraph are reached.
Companies public or private publicly traded savings are required to designate at least two auditors. It is even those who do not publicly call for the savings but whose turnover exceeds the amount of F / CFA 5 billion excluding VAT
- However, this change does not Corporations Law private non-commercial referred to in Article 1 paragraph 1 and a strict reading of the texts suggests also that the cooperatives and groups, whatever their object are not affected, since their lifetime is not limited (the length is determined for the economic interest groups (GIE) as defined by Article 869 of the AUSCGIE) or cooperatives and that these groups give rise by themselves to the implementation and benefit sharing (things prohibited for GIE above mentioned: Article 870)
- Also with respect to cooperatives, the law No. 014/99/AN regulating cooperative societies and groups in Burkina Faso provides in article 24 that "Cooperative societies must submit an annual audit of accounts and management made by a person or entity qualified in terms of cooperative societies and approved according to the laws in force "The auditor is appointed by the General Assembly that sets the duration of his tenure and remuneration (Article 37)
- Like the cooperative groups are also subject to external control accounts and management made by a person or entity qualified for group and approved by current legislation (Article 87)
The legal entities including private non-commercial, and professional partnerships formed by members of regulated professions: architects, lawyers, notaries, accountants and chartered accountants ...
No exemptions have been identified for sales professionals, even when they are in the form of commercial companies, this problem will be solved by the introduction of external control in the context of quality control in pregnancy.
Cooperatives and groups that do not meet the definition of economic interest group of AUSCGIE as cited in paragraph 4 above.
Bibliography
- Commercial Code of Burkina Faso, June 2003 editionLaw 23-96 of July 11, 1996 on organization of audit firms (promulgated by Decree 96-298 of August 13, 1996) in Burkina Faso.
Act No. 014/99/AN regulating cooperative societies and groups in Burkina Faso. Uniform Act on Commercial Companies and Economic Interest Grouping of April 17, 1997 -
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