Overview   

The independent review was introduced via the Companies Act as a less onerous and less financially burdensome type of assurance engagement (compared to an audit) for certain types of companies that qualify.   

The Public Interest Score (PIS) is the main determinant when deciding whether to perform an audit or an independent review of a company's financial statements. This means a company that scores below the PIS threshold can opt for an independent review instead of an audit.  

What are the key differences between an audit and an independent review? How is the PIS calculated and how does the level of assurance of an independent review fare against that of an audit? We have invited Nestene Botha CA(SA) to present this webinar where she will answer these pertinent questions and also advise you how you can establish a system of quality control, prepare working papers to accept, perform and complete the engagement. Join Nestene on 15 September 2022 from 10:00 a.m. to 12:00 p.m. for an engaging discussion.  

Learning objectives  

By attending this webinar you will gain the following competencies: 

• Have an overview of the key features of an audit and an independent review.  

• Understand the distinguishing factors between an audit and an independent review. 

• Know when and how to investigate if you should perform an audit or an independent review of a set of financial statements. 

• Be able to explain the implications for the audit vs independent review route to your clients at an overall high level. 

• Establish a system of quality control that meets required standards for review engagements. 

Content 

The webinar will cover the following topics:  

• What is an independent review? 

• What is an audit? 

• Audit vs independent review - key differences. 

• When do we need to investigate? 

• The Public Interest Score. 

• Calculating PIS. 

• Who qualifies to become an independent reviewer? 

• Who regulates independent reviewers? 

• Engagement working papers. 

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, SAIBA, SAICA and SAIPA. 

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

About the presenter 

Nestene Botha CA(SA) 

Nestene completed her B.com (Hons) at North West University in 2012. In 2014 she completed her professional articles and her Masters Degree in Chartered Accountancy. She then registered with SAICA as a Chartered Accountant in 2015. 

Nestene has lectured on the audit programme at the University of Cape Town. She started her own audit, tax & accounting practice which she has since grown into a reputable firm in the Tableview area with 60 clients and two staff members. 

Who should attend? 

The following persons will benefit from attending this webinar: 

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

• Registered auditors. 

• Independent Reviewers. 

• Accounting officers. 

• Trainee accountants. 

Price              

• R 450.00 - Online admission - Individual. 

• Group Price 1 - R950 (maximum of 5 attendees) 

• Group Price 2 - R1 850 (maximum of 10 attendees) 

• Group Price 3 - R2 650 (maximum of 15 attendees) 

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 Monthly Practice Management Series). 

Click here to find out about the Technical Resource Centre & CPD Subscription options. 

Additional material 

By attending this webinar you will be provided with: 

• A summarised slide presentation. 

• Reference documents and/or course material where available. 

• You can ask questions during the webinar and you will also have access to the presenter after the webinar.