Overview
The landscape of regulation and compliance with respect to the auditing of companies was changed in 2011 with the introduction of the independent review. Not to be confused with an audit which gives a high level of assurance with the expression of a positive opinion on the financial statements, an independent review expresses a negative opinion and provides limited assurance.
With this introduction, the "new" Companies Act provided for close corporations, schools, trusts, partnerships and sole proprietorships to perform this less onerous and voluntary assurance engagement. Although less onerous, licenced independent review practitioners need to strictly follow laid out regulations that are closely guarded by the CIPC.
Join Jako Liebenberg CA(SA) on 25 April 2023 from 9:00 a.m. to 13:00 p.m. as he takes you through independent review engagements, showing you the correct application of relevant sections of the Companies Act, and how to comply with reporting requirements.
Learning objectives
By attending this webinar you will gain the following competencies:
-
Understand what an independent review is and the business entities that qualify for one.
-
Knowledge of specific sections of the Companies Act that pertain to independent reviews.
-
Understand the procedure to follow when you encounter reportable irregularities.
-
Know the full requirements for qualifying to become a licenced independent reviewer.
-
Be able to correctly report on an independent review engagement.
Content
The webinar will cover the following topics:
-
ISRE2400 (Revised) - Engagement to Review Financial Statement.
-
Companies Act 71 of 2008.
-
Accounting standards.
-
Who can perform an independent review?
-
The Public Interest Score (PIS) threshold.
-
How to compile an independent review engagement report.
-
Reportable irregularities.
-
How to obtain an independent reviewer licence.
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.
About the presenter
Jako Liebenberg CA(SA)
Jako Liebenberg qualified as a Chartered Accountant and Registered Public Auditor in 2001. His entire career has been in public practice except for a stint as CFO in the Free State Provincial Government from 2010 to 2012.
Jako consults for clients across South Africa on Accounting Standards and Compliance, Broad Based Black Economic Empowerment, Tax and Business Development. He serves as an assessor in the Free State High Court of Appeals as representative in Public Practice. Jako is also a registered SAICA assessor for Trainees.
Who should attend?
The following persons will benefit from attending this webinar:
-
Practising accountants including: CA(SA), Professional Accountant (SA), AGA(SA), FCCA, BAP(SA), BA(SA) and ACCA.
-
Accounting officers.
-
Independent reviewers.
-
Registered auditors.
-
Trainee accountants.
Price
-
R 575.00 - 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.