The purpose of the directive is to define the fundamental principles and their terms of application relating to the role, conditions of intervention and diligence of the Statutory Auditor or the Chartered Accountant for entities that do not have an Auditor. , to issue the certificates requested by AMDIE to investors wishing to benefit from the investment bonuses provided for by law 03-22 and its implementing texts.
To this end, and in accordance with the provisions of the investment agreements concluded between the Government of the Kingdom of Morocco and the investors, the mission is carried out by a Chartered Accountant, member of the Order of Chartered Accountants (referred to as the Professional hereinafter). of this Directive).
This one-off intervention is carried out according to the standards of the profession in Morocco relating to examination missions on the basis of agreed procedures and requires from the Professional an obligation of means, that is to say, the implementation of the due diligence required in with a view to issuing his certificate.
This certificate would be addressed to the legal representative of the company and could be used within the framework of the investment agreement and its amendments signed by the company signing these commitments, as provided for by law 03-22. It cannot be used for other purposes or communicated to other parties. The objective of this intervention is to carry out work to verify the concordance between the statements established by the signing company and the accounting and extra-accounting information reviewed by the professional.
It also requires minimum deadlines so that the Professional can implement their due diligence in accordance with professional requirements and standards. The Professional must, as such, and depending on the size and specificities of the entity, agree with its managers on the appropriate deadlines for submitting the statements and the corresponding supporting documents.
This intervention must be the subject of a mission letter specifying the objective of the mission, the respective responsibilities and the deadlines and methods of intervention. A model mission letter is presented in Appendix 1.
This mission aims, on the basis of the procedures cited below, to issue a certificate of control of the concordance of certain accounting and extra-accounting data required for the benefit of certain investment bonuses, namely:
1) the premium linked to investments;
2) the bonus linked to stable jobs;
3) the gender bonus;
4) and the bonus linked to local integration, as provided for by the provisions of Law 03-22 and its implementing texts.
The other bonuses provided for by the said provisions do not fall within the scope of this mission.
The Professional relies on the information and documents provided by the investor established under the responsibility of the investor’s management who must ensure their sincerity. The key information and documents must be annexed to the certificate issued by the Professional. The assumptions and calculation methods must be detailed and respect those agreed between the signatory parties to the investment agreement.
OEC DIRECTIVE AMDIE-DEC 2024 UNBLOCKING CERTIFICATES
