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;
Slide presentation summary of all new amendments;
Interactive session with the presenter; and
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.
Guides (updated & issued):
Interpretation Notes (updated & issued):
Binding Rulings (Private/Class/General) issued and updated:
Notices and other publications issued:
Standards – What’s new?
IFRS Monthly news summary
ED Proposed Revisions to Part 4B of the Code to Reflect Terms and Concepts Used in ISAE 3000 (Revised) released for comments by 26 June 2019
AGSA Circular 1/2019, Guidelines on fees for audits done on behalf of the Auditor-General South Africa (AGSA) has been issued
Proposed Revised Guide for Registered Auditors: Auditing in the Public Sector released for comment by 7 June 2019
Notices and Practice Notes issued (enforcement and to customers):
3 notices issued re Co-operatives
7 Decision reached on cases heard (6 Name Disputes and 1 AGM)
Do South Africans have to answer work calls and emails after hours?
CCMA receives over 6 000 wage disputes in 4 months
Other Laws & Regulations affecting your client AND impact on NOCLAR:
This month’s big 5:
The Broad-based Black Economic Empowerment Act (Draft Chartered Accountancy Sector Code);
The Financial Intelligence Centre Act (Financial sanctions and Directive 5);
The Financial Matters Amendment Bill (Version B);
The Legal Practice Act (Code of Conduct); and
The Tourism Act (Draft Tourism Amendment Bill).
Other Acts include:
The Draft Central Application Service Bill;
The Co-operatives Act (Regulations and Principles);
The National Heritage Resources Act (List of Types of Heritage Objects);
The Public Administration Act (Commencement); and
The Special Investigating Units and Special Tribunals Act (Investigations).
IRBA News & press releases:
17% of JSE-listed companies have rotated auditors ahead of MAFR
SAICA Guidance & other publications:
Top tips for SMPs(Small and Medium Practices)
SAICA Quarterly SMP Newsletter
2019 Training Regulations
SAIBA participated in 2019 elections as observers - AUP reports issued by SAIBA members
FIC Advisory & Guidance:
2 General notices issued
SA Implements targeted financial sanctions (including the release of the Targeted Financial Sanctions List)
Money Laundering and Terror financing under spotlight with SA review
National Credit Regulator:
CGSO & National Consumer Commission:
Ombudsman names and shames companies that you should think twice before buying from
SARS media releases:
FSCA publications & press releases:
FSCA fines 3 companies with large administrative fines for various contraventions
FSCA’s update on the Steinhoff Investigation
FSCA responds to Public Protector’s report
4 Warnings issued to the public against fraudulent FSPs
General Announcements / News Releases:
Yes, SARS can make you pay for your own audit!
Vodacom to tackle the Competition Commission's ruling on data
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.