Overview

Accountants and their clients need to be aware of the circumstances in which they can be held personally liable for a failure to adhere to the obligations imposed upon directors by the new Companies Act. Companies that trade under insolvent circumstances, recklessly, or without keeping the appropriate records and books may be exposing themselves to being personally liable for the debts of a company.

Directors rely on their accountants and auditors to inform them about the company's health.

A failure to do so timeously could result in such conduct being deemed to be reckless, or possibly a claim of fraud by creditors.

Learning objectives

The objective of the seminar is to provide the delegate with the skills to: 

• Identify the warning signs;
• assist directors with taking immediate legal and financial advice;
• advise their director on how to cease trading and consider placing their companies either into business rescue or liquidation.

Content

The seminar will cover the following topics in terms of the Companies Act:

• Update on the Companies Act amd regulations;
• update on CIPC compliance notices (Steinhoff) ;
• limitation and/or indemnification against directors' liabilities;
• appointment and removal of directors of a company;
• restrictions imposed on who may become a director;
• quorum for a meeting of a company's board of directors.

Obtaining your CPD certificate

Earn a recognised CPD certificate from the SA Accounting Academy. On completion of the seminar/webinar, you will earn a CPD certificate to claim CPD hours from your professional body. This provides powerful proof of your new competencies and you can use it to set yourself apart from the rest and get recognised in the job market.

Attendance of this 4-hour webinar will accrue 4 CPD hour for members of a relevant professional body such as ACCA, SAICA, AAT, SAIPA, SAIBA, IAC, CIS, ICBA, LSSA, FPI, and the IBA.

Complete the free online assessment at the end of the event and receive an additional 1 CPD hours.

Who should attend

• Business accountants
• Directors of boards
• Company Secretaries
• Business Advisors
• Legal advisors

Investment

If you are an existing CPD subscriber on Business Accountant in Practice package, you will be able to register for this event free.

Members who are not existing Business Accountant in Practice CPD subscribers will have to pay from R399 - R950, depending on if you attend the webinar or seminar.