Our Monthly Legislation and Standards Update provides a summary of some of the most important legislation updates from the previous month. This helps you, our client to stay up-to-date on recent and important legislation developments in auditing, accounting, tax, SARS operations, CIPC operations, Labour and other relevant laws.
Accountants and auditors must stay informed about changes in legislation and regulations that affect their firms and the business of their clients.
Technical expert Lettie Janse van Vuuren CA(SA), RA researches and summarises all relevant and important changes on a monthly basis and presents this in an easily understandable webinar.
The webinar includes:
A reference guide of all changes to share within the firm;
PPT summary of all new amendments;
Interactive session with the presenter; and
Online Q&A.
Learning objectives
After attending this webinar you will:
Be aware of the latest legislative changes and what it means for your business, practice, and your clients;
Be able to inform your staff and clients on how to stay compliant;
Adapt business models to fit new legislative landscapes;
Receive references to documents and guides;
Have access to your own technical resource; and
Have access to the presenter via email for follow-up Q & A.
Course content
The following legislative, regulatory, industry standards, items and guides have been issued and/or updated during the preceding month and will be covered in the webinar:
SARS:
Interpretation Notes (updated & issued):
106 – Deduction in respect of certain residential units
107 – Deduction in respect of commercial buildings
15 (Issue 5) – TAA: Exercise of discretion in case of late objection or appeal
Draft Interpretation Note and Draft BGR – No-value provision in respect of the rendering of transport services by an employer
Binding Rulings (Private/Class/General) issued and updated:
BPR 314: Venture capital company – investment in hotel development
Other publications issued:
Tables A and B of the average exchange rates have been updated
Notice 1372 – Incidences of non-compliance by a person in terms of section 210(2) of the Tax Administration Act, 2011, that are subject to a fixed amount penalty in accordance with sections 210(1) and 211 of the Act
SCA case, covering:
Big G Restaurants (Pty) Ltd - Whether income of taxpayer in years of assessment received or accrued in terms of franchise agreement
IFRS:
Standards – What’s in the pipeline?
IASB publishes proposed amendments to IAS 37 regarding onerous contracts
IRBA:
Ethics – IRBA Code of Conduct:
Revised November 2018 – overview of amendments
Proposed amendments to Section 321 – Second Opinions
Proposed revised guide: FSPs – Assurance engagements on FSPs’ separate accounts and FAIS reporting requirements
Proposed Guide: Assurance Engagements on the Fresh Produce Agents' Trust Accounts
CIPC:
Notices and Practice Notes issued (enforcement and to customers):
Multiple attachments on the enquiry system on CIPC Portal
Companies Tribunal:
9 Decisions reached on cases heard (Exemptions, Directors’ disputes, AGM and Name disputes).
Labour Law:
Court cases:
Can misconduct outside the office cost you your job?
Here’s what South Africans need to include on their sick note for work
Other Laws & Regulations affecting your client AND impact on NOCLAR:
Competition Act update:
10 Things you need to know about Amendments to the Competition Act
The National Minimum Wage Act of 2018:
o Increased minimum wage for domestic workers
o Some interesting articles regarding NMW & potential discrepancies found.
Regulator news:
IRBA News & press releases:
IRBA News
SAICA Guidance:
Top tips for SMPs (Small and Medium Practices).
Training Office Newsletter
4th Quarter SMP Newsletter
Ethics: SAICA Code of Professional Conduct (Revised November 2018) – overview of changes
FIC Advisory:
Consultation on Draft PCC 101 of licencing, registration, approval or authorisation conditions issued by Supervisory Bodies to Accountable Institutions
Consultation on Draft PCC31A on the receipt and acceptance of funds by Accountable Institutions prior to completion of Customer Due Diligence measures
EAAB:
Implementation of the Financial Intelligence Centre Act, 38 of 2001 (the FIC Act), by the estate agency sector
National Consumer Commission:
NCC report on timeshare industry
NCC Newsletter
Tax Ombud:
Newsletter – Special edition
FSCA publications & press releases:
Report by the FSCA on status of various investigations
Press release issued re Stanlib
4 Warnings issued to the public against fraudulent FSPs.
General Announcements / News Releases:
General:
How to improve your credit profile
Obtaining your CPD certificate
This webinar qualifies for 2 CPD hours with your professional body including: ACCA, SAICA, AAT, SAIPA, SAIBA, IAC, CIS, ICBA, LSSA, FPI, and the IBA.
All webinar attendees are issued with a CPD certificate available in an online profile.
Choose Individual if you would like to attend this event yourself or choose Company if you would like to share this event to with your entire firm.
This webinar is free if you are already an SAAA CPD subscriber.
Click here to find out about the Technical Resource Centre & CPD Subscription options.
Click here to create a profile and then register for the event (There is no charge to create a user profile and gain access to our free Monthly Practice Management Series).
Additional material
By attending this webinar you will be provided with:
Summarised slide presentation,
Detailed course material and reference documents.
You can ask questions during the webinar via the online portal, and you will also have access to me the presenter via e-mail after the webinar.
Previous Recording
Preview the snippet below for a sneak peak at what you can expect from the webinar
Save this event to your Google or Outlook calendar.
Venues & Dates
The following venues and dates are available for this event.
