Overview   

Clients expect that you will act in their best interest.  

It may be time to place your clients company under business rescue or even to liquadate to save whats left of their weatlh and move on.  

But are you able to determine whether your client is financially distressed or factually insolvent? What do you do if this is the case? The Companies Act has specific provisions on business rescue and liquidation. Are you aware of these provisions and your obligations thereto?   

As more and more companies become financially distressed, is business rescue an option to liquidation? The CIPC reports that by the end of June 2018, as many as 2953 business rescue proceedings had been started. These numbers are real and you must play your part in this arena.   

On 15 August 2019, Louis Klopper CFO(SA) is presenting a webinar on business rescue and liquidation where he will discuss in detail whether to rehabilitate or to liquidate troubled businesses and more importantly, your role and responsibilities in the proceedings.   

Learning objectives  

By the end of this event the participant should: 

• Understand the duties and responsibilities of an external accountant w.r.t the Companies Act; 

• Understand the risks involved with non-compliance; 

• Understand the test for business rescue;  

• Know the business rescue proceedings; 

• Understand the roles, rights and responsibilities of stakeholders;  

• Know when and how to liquidate troubled companies; and 

• Know how to become a licenced business rescue practitioner. 

Content 

The webinar will cover the following topics:  

• Accountant's duties and responsibilities w.r.t the Companies Act. 

• Risks for non-compliance. 

• Performing the business rescue test. 

• Business rescue proceedings.   

• Stakeholders' rights, roles and responsibilities during business rescue. 

• To rescue or to liquidate? 

• Liquidation explained. 

• Stakeholders' rights, roles and responsibilities during liquidation. 

• Becoming a licenced business rescue practitioner.  

Obtaining your CPD certificate 

This webinar qualifies for 4 CPD hours with your professional body including: ACCA, SAICA, AAT, SAIPA, SAIBA, IAC, CIS, ICBA, LSSA, FPI, and the IBA. The SAAA CPD policy is compliant with IFAC IES7 and is recognised by all relevant professional bodies. 

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

About the presenter 

Louis Klopper CFO(SA) 

Louis Klopper has been a Senior Business Rescue Practitioner since 2011. He followed his passion of assisting ailing businesses after he had completed a 20-year banking career. 

Louis has developed a number of dynamic and highly successful analytical methodologies linking both financial and operational sides of the business in order to accurately detect distressed areas, thereby ensuring the rapid and efficient solution to stressed entities. 

Who should attend 

The following persons will benefit from attending this webinar: 

• Professional Accountants including: RA(SA), CA(SA),PA(SA) and BAP(SA); 

• Tax practitioners.  

• Financial Advisors. 

• Legal Practitioners. 

• Trade Union Representatives. 

• Turnaround Practitioners and Consultants 

Price 

• R475.00 - Online admission - Individual. 

• R 950.00 - Online admission - Company. 

• R 0.00 - Paid CPD package subscribers.  

Steps to register for the event:  

1. You can either attend the event as a non-CPD subscriber or as a CPD subscriber.  

   • Option 1: Non-CPD subscribers pay the full event price.  

   • Option 2: Paid CPD Subscribers pay a monthly fee and attend the event at no additional cost.   

2. Under both options you first have to obtain a free CPD Subscription account. This gives you access to free events and registers you as a user on the system.  

3. Once you have a free profile you can select between Option 1 or 2.  

4. Find out more about the benefits of being a CPD subscriber - Click here 

Additional material 

By attending this webinar you will be provided with: 

• 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 me the presenter after the webinar