Overview   

Recently, there has been an evolution to beneficial ownership requirements and this has made it imperative that every accounting professional understands how SARS has implemented these changes as well as know other related changes from the Financial Intelligence Centre (FIC).  

In this episode of our monthly discussion forum, the conversation will be centred on informing accountants on the above matters as well as assisting them on how to address the resultant challenges stemming from their increased compliance risk.   

Join Caryn Maitland CA(SA) and Carmen Westermeyer CA(SA) on 14 December 2023 from 09:00 a.m. to 11:00 a.m. as they assist you to be FIC compliant and avoid significant financial penalties from the various regulators and SARS. 

Learning objectives and competencies developed 

By attending this discussion forum, you will: 

• Have an updated understanding of Accountable Institutions in light of further guidance given and the effect of this on your clients.  

• Have an understanding of the nuances in the meaning of beneficial ownership from the view point of the FIC Act, the Trust Property Control Act and the Companies Act. 

• Become aware of the challenges of completing the beneficial ownership submissions for CIPC, Master's Office and SARS. 

• Be conversant with the contents of the various notices published by CIPC, Master's office, FIC and SARS over this year. 

Content to be discussed 

The following topics are under discussion for this month: 

• Beneficial Ownership as defined by: 

  • FIC. 

  • CIPC.  

  • Master of the High Court.  

  • SARS.  

• Changes to the FIC Act and related Guides. 

• Changes to the Companies Act and Regulations and related CIPC Notices and Guides. 

• Changes to the Trust Property Control Act and related Master's Directives. 

• Changes to the submission of tax returns and related SARS Guides and Notices. 

Obtaining your CPD certificate 

This training is compliant with the International Education Standard (IES7) issued by the International Federation of Accountants and recognised for CPD by relevant professional bodies including ACCA, CIMA, IAC, IIA, SAICA and SAIPA. 

  All attendees are issued with a CPD certificate available in an online profile.   

Meet your presenters 

Caryn Maitland CA(SA) 

Caryn Maitland is a Chartered Accountant (SA). She has been a member of IRBA as a registered auditor and accountant since 2002 and is also a registered member of SAICA. 

Caryn has lectured Auditing and Accounting at various institutions and has conducted independent workshops and seminars for professional accountants since 2006 on various topics. She has presented on the national tour for the annual Legislation Update with ProBeta Training (Pty) Ltd in 2014 and 2015, as well as on the FASSET national tour for the Tax Administration Act in 2014.  Caryn is also involved with the annual SAICA SMP Technical tour. 

Carmen Westermeyer CA(SA) 

Carmen Westermeyer graduated in 2001 from the University of Natal, Durban (now UKZN), with a BCom Honours degree in Accounting and completed her articles with PwC in 2004. She has been a member of SAICA since then. In 2008, she was appointed lecturer at UKZN and coordinated the Taxation 300 course until December 2010. She then took over the role of Academic Leader for the Taxation Department, as well as the coordination of the Postgraduate Taxation Programme.  

In December 2012 Carmen started running ad hoc training courses for members of the profession. From December 2013, she moved into commercial training and consulting on a full-time basis. She has been involved in various training activities, such as the SAICA SMP training in 2014 and the FASSET Budget and Tax Update in 2015 and 2016. 

Who should attend? 

The following persons will benefit from attending this webinar: 

• Professional accountants such as CA(SA), BAP(SA), AGA(SA), Professional Accountant (SA), FCCA, BA(SA) and ACCA. 

• Registered auditors. 

• Company directors. 

• Financial managers. 

• Registered tax practitioners.  

Price              

• Individual Booking: R380.00  

• Company Booking: 

  • Group Price 1 - From R156 per person (up to 5 users)  

  • Group Price 2 - From R102 per person (up to 10 users)  

  • Group Price 3 - From R92 per person (over 11 users)

  •  

Steps to register for the event:  

If you already have a profile, login and register for the webinar. 

If you don’t have a profile, create a free profile then login and register for the webinar. Click here to create a free profile (There is no charge to create a profile and gain access to our free content). 

To find out about the Resource Centre, Accounting Library and CPD Subscription Plans, click here . 

Corporate training solutions 

At the Accounting Academy, we recognize the evolving needs of businesses in today's dynamic environment. Beyond our standard webinar offerings, we provide tailored corporate training solutions designed to empower your team with the latest in accounting and professional skills. Whether you're looking for online sessions or face-to-face training, our programs are crafted to ensure a comprehensive and engaging learning experience. 

Drawing inspiration from modern training methodologies, our corporate solutions are interactive, adaptable, and focused on real-world applications. We prioritize hands-on learning, ensuring your team can immediately apply their newfound knowledge in practical scenarios. 

Interested in a bespoke corporate training experience? Reach out to us at [email protected] or call 010 593 0466. Together, let's design a training program that elevates your team's capabilities and aligns with your organizational goals. 

Contact us 

Have any questions or need any assistance? Contact us today! 

• Online chat through our website. 

• WhatsApp: Start chatting (+27635026114) 

• Phone: 010 593 0466 

• E-mail: [email protected]