Regulatory Alerts2020-01-01
Guidelines on Reporting Accountants 2020
The Securities and Exchange Commission (SEC) of Ghana issued these guidelines to regulate accountants reporting for public companies, mandating Institute membership, valid professional indemnity insurance, and annual SEC registration. The framework defines reporting scope, including the review of audited financial statements and prospective information, while enforcing strict independence from external auditors and compliance with international ethics codes. The SEC retains authority to suspend or cancel registrations for non-compliance, fraud, or inefficient performance, and may impose disciplinary actions or market bans on accountants who knowingly fail to report discrepancies.
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