The formation, financial organization, and liquidation of a limited company all require the assistance of a chartered accountant. The Financial Accountant manages the secretarial, registration, and receiver responsibilities throughout the process in addition to the other company work. The Chartered Accountants are frequently present whenever an examination is done to ascertain the financial position of a business, particularly during the new issue of share capital, the purchase or sale or financing of a business, reconstruction, and amalgamations. Investigations are also done to increase management or administrative efficiency and, among other things, to ascertain the reasons for profit increases or decreases. When serving as a trustee or executor, a chartered accountant must work with attorneys or solicitors, and the opposite is true. The accountants assist the lawyers or solicitors with their work and any related accounting tasks.
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