Can the chief accountant be held liable?

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The huge range of tasks performed by the chief accountant entails great responsibility of this employee. If there are violations in accounting, it is the head of the department who will be held responsible for this.

Where to get money for business and how to manage finances? Experts from the educational platform for entrepreneurs "Kurs" will tell you .
The main advice and panacea for all problems for an accountant is to keep records in a transparent manner in accordance with the current legislation. If the manager asks to deviate from kenya whatsapp phone number the legal norms, then you need to resign from this company. But circumstances are different, so in such a situation the accountant needs to document the fact of the director's own responsibility in case of violations.

The chief accountant is responsible for his duties. There are several types of responsibility, let's look at them in more detail:

Administrative . For errors in reporting or late submission of documents, the chief accountant may receive a fine.
Criminal . In the case of major violations, such as tax evasion, a fine, disqualification from office, or even imprisonment are possible.
Material . If the accountant's actions caused financial damage to the company, it can seek compensation through the court.
What is the responsibility of the chief accountant - depends on the nature of the violations. To avoid these consequences, you need to carefully check all documents and be aware of changes in legislation.



Administrative responsibility
Occurs when accounting rules or tax laws are violated. Here are the main cases when he can be held liable:

Failure to submit reports on time . For example, if a tax report is submitted late, the chief accountant may be fined.
Errors in documents . If serious errors are made in accounting reports, this can also lead to fines.
Incorrect calculation of taxes . If, due to incorrect calculations, the company underpaid taxes, the responsibility falls on the chief accountant.
Sometimes limited liability of the chief accountant is possible, but in some cases the financial liability of the chief accountant is also applied if his mistakes led to financial losses of the company.