Overview:

The CIPC is responsible for the registration of companies and the enforcement of certain provisions of the Companies Act, 2008. Accountants are key stakeholders of the CIPC and interact with the CIPC on a daily basis. The purpose of the CIPC Monthly Technical Update webinars is to provide an opportunity for the CIPC and accountants to engage in a webinar format.

In this way we can build mutual understanding of the statutory filing process and through dialogue make improvements and better the lives of millions of emerging and established companies. 

Topic:    

May 2017: Independent Review and XBRL

Content:      

Part 1: Independent Review Engagements
This presentation deals with independent review in general, as encapsulated in Regulation 29 of the Companies Act, No. 71 of 2008 with specific focus on critical non-compliance by accountants and the penalties related to non-compliance. 

•    What is Independent Review (IR)
•    Benefits of an IR
•    The IR process (Regulation 29)
•    The role of the CIPC in the IR process
•    The role of the independent reviewer in the IR process
•    Filing reportable irregularities
•    Challenges in IR
•    Some statistics on IR
•    Annual report – requirements from professional bodies
•    Conclusion

Part 2: XBRL: Filing of annual XBRL financial statements from 1 July 2018 
The aim of this session is to inform stakeholders of the XBRL programme about the details of the programme, and how mandating of XBRL by 1 July will affect them.

•    Legal and Strategic Mandate
•    Current Challenges of the CIPC
•    The CIPCs Vision
•    The CIPCs Strategy
•    The CIPCs Change Management & Communications Campaign
•    The CIPCs Chosen Technology of XBRL
•    Automation of Back-End Processes
•    The Role of Software Services Providers
•    The CIPCs Programme Stages
•    Determining First Date of Submission via XBRL for Client Companies
•    Conclusion

Presenters:

Elaine Kalappen, Senior Investigator, Corporate Compliance & Disclosure Regulation, CIPC
Elaine Kalappen has a legal background, having attained a Master’s degree in law. She is also an admitted advocate. Her career spans almost twenty years having served in various legal positions, both in the private and public sector.

Elaine has been involved with the area of independent review since its inception at CIPC in August 2013. Her responsibilities include the awareness of independent review with regards to its stakeholders, investigating complaints and `reportable irregularity’ reports based on independent review, ensuring compliance with Companies legislation, and dealing with the operational and functional aspects of the subject, including all matters incidental thereto.
 
Hennie Viljoen, XBRL Programme Manager - CIPC
Hennie works for Deloitte on the CIPCs XBRL Programme as XBRL Programme Manager. His responsibility is to manage all aspects of the programme including change management both with internal and external stakeholders, as well as development and implementation of a technical XBRL solution interfacing with client companies.

His qualifications include B.Sc. in Computer Science and Mathematics, experienced in XBRL while at the Financial Services Board and also experienced in Project and Programme Management. 

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.