Introduction

Section 138 of the Companies Act, 2008 regulates the qualifications required for a business rescue practitioner.

In order to qualify as a BRP, a person must be:

1. a member in good standing of an accounting, legal or business management professional body accredited by CIPC (section 138(1)(a)); thus, accredited by an institution like CIBA and
2. be licensed as such by CIPC (section 138(1)(b)).

Read the revised CIPC requirements for licensing a BRP here.

Category: Business Rescue

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Information

Available from: 1 January 2025

Format: The License renewal includes a declaration and assessment.

CPD Units: 4

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What will set you apart

As part of the accreditation process, CIBA is responsible for:

1. Ensuring that members are competent and able to provide high-quality services and accountable for the work they perform.
2. Providing opportunities and monitoring Continuous Professional Development (CPD)
3. Reporting CPD compliance and non-compliance.

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Certificate

The following event is awarded 4 CPD units in Business Rescue

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Accounting Weekly

Please note reading Accounting Weekly articles count towards non-verifiable CPD.

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