Overview:

This December 2017 Monthly Compliance and Legislation Update is focused on the following important changes affecting professionals since November 2017

Key learning outcomes

At the end of this update you will be able to:

• Uncover common non-compliance mistakes
• Review the key provisions of the relevant acts
• Explore the rules of conduct most misunderstood
• Examine practices to remain compliant
• Identify key learning from case studies
• Develop strategies to improve practice, reduce risk and ensure compliance

Course Content

• IFRS: 
  • Complaint against IASB (IFRS9) and general news update
• CIPC:
  • CIPC and Professional bodies meeting (Business Rescue and Company Filing amendments)
  • Cyber security update
• Labour law:
  • Basic Conditions of Employment Act (Summary of proposed amendments)
  • Labour inspectors assessing compliance levels of SMEs
  •  National Minimum Wage Bill (Update)
• IRBA announcements: 
  • New proposed guide for client access to working papers
  • Sustainability Assurance Engagements (Proposed SAAEPS 1)
  • IRBA Disciplinary Rules (Amendments)
  • Audit investigations (UK case studies)
  • Poor audit work (New fines proposed)
  • Reporting responsibilities for auditors of banks (Directive 5-2017)
  • KPMG inspection (Update)
• SARS: 
  • Game farming and nursery operators (Interpretation notes 69,79)
  • Dispute resolution (update)
  • Medium Term Budget speech (summary)
  • Taxation Laws Amendment Bill (summary)
  • Compelling SARS to share documentation related to audit (S69 of TAA)
  • Update on binding private rulings (BPRs): Relieve for clubs, Wind Farm operators, Intragroup asset disposal, Franchise fees, Settling-in allowance, Disposal of vacant land-for-shares.
• FRSC:
  • Latest EDs issued and submissions to IASB (IFRS, IFRS for SME)
• ​​​​​​​Update general laws:
  • ​​​​​​​Draft Prevention and Combating of Corrupt Activities Amendment Bill, 2017 (Provisions affecting accountants and auditors)
  • ​​​​​​​​​​​​​​Draft Electronic Communications Amendment Bill 2017 (Rules for digital communication)
  • Draft National Credit Amendment Bill 2017 (Reckless lending)

Who should attend:

These updates are primarily aimed at accounting, auditing, and tax professionals but may also be of interest to all personnel in charge of HR in the firm, partners and directors who would like to update their knowledge, and all employees to ensure they understand their legal rights and responsibilities.

CPD

Attendance of this two-hour 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.

Read what our delegates said about the previous webinar.​​​​​​

• Ashraf: Really great presentation
• Johann: Thank you for a very good webinar. Many things learned. Keep on. Good presenter.
• Tshepo: Thank you Lettie, the webinar was insightful and knowledge enriching.
• Sophie: Thank you so much - please continue to enlighten us!
• Magaretha: Thank you Lettie, I look forward to all the rest of your coming presentations.
• Michele: Thank you Lettie, this was a very good presentation.  Looking forward to the next one.
• Venisia: The presenter was well prepared
• Marthinus: Course well presented Presenter Well prepared
• Johann: The tax section.
• Tshepo: The difference between NOCLAR and RI and their implications.
• Simon: Course material and explanation by the presenter was very clear and to the point