Overview:
This presentation deals with annual financial statements in terms of Sections 29, 30 and 33 as well as Regulations 27-30 of the Companies Act, No. 71 of 2008. It will cover the legislative mandate of the Commission regarding annual financial statements and financial accountability supplements, the channels of submitting the said documents, categories of entities required to file annual financial statements or financial accountability supplements and feedback of key findings from previously reviewed annual financial statements which should be avoided in order to maintain an acceptable compliance track record.
Topic:
Annual Financial Statements and Financial Accountability Supplements
The Quest for Full Compliance
Content:
- Objectives
- Legislation
- Filing guidelines
- Available channels for filing AFS and FAS
- Entities required to file AFS and FAS
- Overview of FAS
- Feedback of key findings from previously reviewed AFS
- XBRL and the future of Financial Reporting and Compliance
- Q&A
Presenter:
Mr. Cuma Zwane, Investigator, Corporate Compliance & Disclosure Regulation, CIPC
Mr. Zwane has a background in Accounting and Finance and holds a Bachelor’s degree in Financial Management. He has been part of the CIPC for over four years now, having previously worked in the Business Rescue Unit and now in the Corporate Compliance and Disclosure Regulation Unit.
Cuma’s direct responsibilities: include the analysis of annual financial statements to determine compliance with IFRS and IFRS for SMEs as well as the Companies Act disclosure requirements.
Who should attend:
The webinar series is organized by SAIBA for the benefit of all persons performing accounting and company secretarial functions:
- Accountants
- Auditors
- Business advisors
- Company secretaries
- Support staff
Cost:
This is a free monthly webinar series for all accountants.
CPD
Attending the webinar will accrue 2 hours’ CPD for members of a relevant professional body such as ACCA, SAICA, AAT, SAIPA, SAIBA, IAC, CIS, ICBA, LSSA, FPI, and the IBA.