Page 24 - Q&A
P. 24
Although there are legitimate reasons for not allowing management
statements for any 12-month period, this approach can have unintended
BEE consequences. Management statements for the 12 months of your financial
period is allowed, and can maybe help speed up the process by not having
to wait for the annual financial statements. However, it still remains limited to
the official financial period, which will require companies like yourself to plan
carefully to ensure that they have the necessary in place in the 12-month period
which will be used for their verification.
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