Overview:

The recent KPMG/Gupta scandal has highlighted the need to relook at the ethical and quality control standards required from accountants and auditors. Government, SARS, CIPC, and clients are now questioning the value they derive from work performed by accountants and auditors.

Topic:    

Ethics and Quality Control: Avoiding Reputational Risks

Content

Join Nicolaas van Wyk, CEO of SAIBA, as he uses the KPMG/Gupta case study to rediscover what it means to act in the public interest, act ethically and how we can ensure compliance to laws and regulations and avoid reputational risks. Content covered will include:

• Standards applicable to accountants 
• Why is quality control necessary?
• Does the Companies Act require ethical and quality conduct by accountants?
• When to accept or reject a client
• Should all files be reviewed by an external partner?
• What is the cost of applying ISQC1?
• Differences between large and small firms
• Roles and responsibilities assigned to staff members
• Examples of policies and procedures
• Non-Compliance with Laws and Regulations (NOCLAR) 
• Reportable Irregularities

Presenter:

Nicolaas van Wyk

Nicolaas has extensive experience in management, strategy development, and project management and has developed numerous technical guides and presented on a number of technical accounting topics. He obtained his BCom in 1994 and his BCom Honours in 1995 from the University of Pretoria. In 2007 he completed his MBA through the Gordon Institute of Business Science.

He has drafted numerous submissions and papers on the financial reporting requirements in the Close Corporations and Companies Act, and has also presented a number of seminars on these topics. During the initial stages of the Companies Act reform, Nicolaas acted as the coordinator for the Department of Trade and Industry (dti) Working Group on Company Formation.

Nicolaas has been CEO of SAIBA since 2013.

 Who should attend:

• Accountants in practice 
• Accounting officers 
• Independent reviewers
• Engagement team members

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. 

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