Overview   

The Companies Act, 2008 assigns specific compliance responsibilities to individuals who are appointed as accountants, company secretaries and directors of registered companies. These three groups of stakeholders perform vital duties that need to be clearly understood. 

Accountants are responsible to draft compliant financial statements and need to be able to assess reporting requirements in terms of NOCLAR. Directors are responsible for promoting the success of the company by ensuring compliance with laws and regulations and acting in good faith, and in the best interest of the company. The company secretary has among others, the responsibility to lodge statutory documents, report on governance in the annual report, and fulfill a custodian role over legal documents.  

In this webinar Edith Wilkins will unpack the fundamental compliance principles of the Companies Act impacting accountants, company secretaries, and directors. We invite you to join Edith on 18 October 2022 from 9:00 a.m. to 11:00 a.m. for a run-down of your rights and responsibilities as well as the consequences for non-compliance. 

Learning objectives  

  By attending this webinar you will develop the following competencies:  

• An applied knowledge of the rights, obligations, and responsibilities prescribed by the Companies Act applicable to accountants, company secretaries and directors. 

• Assess specific parts of the Companies Act that directly affect the professional engagements of accountants and company secretaries. 

• Working knowledge to lodge the various statutory documents with the CIPC. 

• Be aware of how the CIPC and professional bodies monitor compliance and the consequences for non-compliance. 

• Be able to provide advice and guidance to your clients on various requirements of the Act. 

Content 

  The webinar will cover the following topics:  

• CIPC and the Companies Act. 

  • Functions. 

  • Organisational structure. 

  • Designated officers. 

  • The composition of a company. 

  • The memorandum of incorporation (MOI) and shareholders agreements. 

  • Alterable provisions. 

  • Registered office. 

• Directors. 

  • Composition of the board. 

  • Duties & responsibilities. 

  • Liability. 

  • Disqualification. 

  • Directors’ meetings and resolutions. 

  • Appointment of directors. 

  • Resignation and removal of directors. 

• Board Committees. 

  • Audit Committee. 

  • Requirement to appoint audit committee. 

  • Duties & responsibilities. 

• Social and Ethics Committee - Duties & responsibilities. 

• Solvency and liquidity test. 

  • When is it required? 

  • Who is responsible? 

• Accountants and auditors. 

  • Requirement to appoint an auditor. 

  • Duties. 

  • Appointment, resignation & removal. 

  • Accounting records.  

  • Audit and independent review. 

• Annual duties. 

  • Who must comply? 

  • Information required. 

  • Fees and penalties. 

• Compliance checklist. 

  • What is it? 

  • Why implemented? 

  • Who must comply? 

  • What happens if false information is provided? 

  • How to rectify incorrect CIPC records. 

• Public Officer - Appointment and duties. 

• Company Secretary. 

  • Requirement to appoint a company secretary. 

  • Duties of the company secretary. 

  • Keeping of company records. 

  • Access to statutory records. 

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 

Edith Wilkins 

Edith Wilkins is currently a director at Sekretari (Pty) Ltd, a company secretarial practice. She has 25 years' experience in Advanced Corporate Law and Corporate Governance. Edith joined Sekretari (Pty) Ltd in 1995 and has been involved with the company's training since 2011 where she presents seminars and webinars as well as conducting in-house training to corporate clients. 

Edith acts as company secretary to various large companies on company statutory duties including drafting agendas, board packs, liaising with CIPC, attending meetings and drafting of minutes. 

Who should attend?   

   The following persons will benefit from attending this webinar:    

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

• Company secretaries. 

• Company directors. 

• Accounting officers. 

Price                 

• Individual Booking: R450.00  

• Company Booking: 

  • R950.00 - Group Price 1 (Maximum of 5 attendees). 

  • R1 850.00 - Group Price 2 (Maximum of 10 attendees) 

  • R2 650.00 - Group Price 3 (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: 

• 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