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A public accounting firm (PAF) is set up by a public accountant for the purpose of providing public accountancy services (audit and reporting on financial statements and performing acts that are required by law to be performed by a public accountant). The other types of entities that public accountants can set up to provide public accountancy services are public accounting corporation and accounting limited liability partnership.
The Registrar of Public Accountants must be notified when there are changes such as to your business activity, registered place of business, partners, etc. Changes relating to the addition or withdrawal of the partners require the endorsement (consent) of all the partners if the transaction is lodged by the public accountant i.e. without the help of a registered filing agent. The notification of the change must be made within 30 days from the date of the change. A penalty may be imposed if the change is notified after 30 days.