Back to Basics Companies Act Series


Date: Jun 22, 2020 - Dec 31, 2021

Once-off: R1,600.00

Lecturer: Caryn Maitland
Owner, Maitland & Associates

The aim of this webinar series is to develop knowledge, understanding and application of the Companies Act and the concepts and principles which underpin them.

Overview:

The Back to Basics: Companies Act webinar series is flexible to your timetable, enabling you to fit your studies around your work and social commitments. This series commences in June 2020 and concludes in November 2020.

The "new" Companies Act became effective on the 1st of May 2009 and has now matured to a point where it is now being taken for granted 11 years later. Having said that, it is vital that everyone in the accounting/auditing fraternity understands the basics of this cornerstone legislation of the corporate world.

Our Back to Basics Companies Act Series is designed for the accountant who is just starting out, as well as the practitioner that wants a refresher course on the Companies Act and how it has settled down into the South African corporate landscape.

This series with our technical expert Caryn Maitland CA(SA), is structured into bite-sized pieces that are topic related and designed to give an overview and insight into the Act and its day-to-day practical application.

Anyone, whether a trainee or a practising professional in the field of Accounting, Audit and Tax can attend this series in order to update their knowledge on the Companies Act.

Each webinar is assessed through multiple-choice examinations.


Caryn Maitland CA(SA)The Presenter:

Caryn Maitland CA(SA)

Caryn Maitland CA(SA) has been a member of IRBA as a registered auditor and accountant since 2002 and is also a registered member of SAICA. She has lectured Auditing, Financial Management and Accounting at various institutions for learners up to the MBA and Postgraduate Diploma levels. She has also conducted independent workshops and seminars for professional accountants since 2006 on various topics. Between 2011 and 2013, Caryn had a two-year stint as visiting Associate Professor at the University of Limpopo.

Caryn is currently technical advisor to various SAICA District Associations. She is also a platform presenter for SAICA, SA Accounting Academy, ICB and Chartered Secretaries of SA. Since 2018 she has worked extensively with commerce and industry, assisting analysts, directors and other users of financials to interpret, prepare, analyse and forecast based on the results of financial statements.


Admission requirements:

Anyone can attend this series. There are no minimum entry requirements.


Delivery:

The series is delivered through the SA Accounting Academy online learning platform. The series is presented in easily digestible 1-hour long webinars which focus on sections of the Act that require everyday application by the accountant.


Language:

English.


Assessment:

You must pass the multiple-choice assessment - which is online. The pass mark is 80 percent. Once you have passed the assessment you will receive a certificate for each section.


Registration:

The course is open enrolment.


Curriculum:

Back to Basics: Companies Act Topics
Session 1: Calculating the Public Interest Score and its impact on assurance
Session 2: The overarching principle, concepts of the Act and types of Companies (CC's and NPOs included)
Session 3: Drafting a Memorandum of Incorporation
Session 4: Being a Shareholder and Shares - Rights, obligations and responsibilities
Session 5: Being a Director - Rights, obligations and responsibilities
Session 6: Accounting, Assurance, Governance  and Transparency
Session 7: Business Rescue and Liquidation
Session 8: CIPC, the Tribunal, The Takeover Panel and other role players

 


Topics:

Calculating the PIS and its Impact on Assurance

In this first webinar of our Back to Basics Companies Act Series, we will break down the 4 elements of the PI Score calculations, discussing the practical challenges of each element. We will also tackle the impact of the PI Score on: 

  1. The assurance requirements of the Companies Act (Whether to perform an audit or an independent review); and
  2. The accounting framework selection for a company. 

We will close off by discussing other consequences and impacts of the PI Score.

The Overarching Principle, Concepts of the Act and Types of Companies

In this second instalment of our Back to Basics Companies Act Series, we look at the core ideas and principles of the Act, including overarching principles such as shareholder activism, solvency and liquidity, constructive notice, related parties, types of companies as well as the Act's position within the framework of statute.

Drafting a Memorandum of Incorporation

The Memorandum of Incorporation (MoI), is the most important document under the Companies Act.  This session will unpack why this document is important, what needs to be included in it, and considerations to be looked at when drafting an effective document.

Being a Shareholder - Rights, Obligations and Responsibilities

Company shareholders and directors are important stakeholders of a company. In this series we are going to discuss these important stakeholders' rights, obligations and responsibilities in two separate sessions. We will discuss shareholders first by looking at their rights, responsibilities, meetings and access to information.  We will also cover all the issues around securities in the form of shares and debt.

Being a Director - Rights, Obligations and Responsibilities

Having covered the rights, obligations and responsibilities of shareholders, we will now look at the same for directors. Directors need to fully understand their obligations, liabilities as well as what is expected of them with respect to their code of conduct.  In this webinar we will clearly identify what defines a director, what makes them eligible, what disqualifies them, how they can be removed, and so on. As far as directors' conduct is concerned, we will unpack indemnification and good corporate governance through committees.

Accounting, Assurance, Governance  and Transparency

So far in this series we have covered types of companies, how to draft an effective MoI, stakeholders' rights, obligations and responsibilities, as well as important concepts of the Act. We started off the series by looking at the PI Score. In this session we will now cover everything from accounting records to financial statements and assurance. We will unpack the issues surrounding the auditor and independent reviewer, as well as the role of the Company Secretary, Audit Committee, and the Social and Ethics Committee.

Business Rescue and Liquidation

In this webinar we will essentially cover the death of a company.  We will look at the challenges around business rescue and the overview of the process and where the law stands with regards to the occurrence of the unfortunate issue of company insolvency.

CIPC, the Tribunal, The Takeover Panel and other role players

The final webinar in the series will pick up on all the bits and pieces not covered elsewhere, as well as other major role players in the Act.  We will also cover the CIPC's powers, documents that need to be filed with the CIPC, offenses and penalties, and finally, an overall wrap up of the series.


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