Overview     

We are all painfully aware that many entities and their stakeholders are experiencing financial, operational and personal difficulties. Due to the pressures and significant uncertainty associated with the pandemic, entities are exploring avenues to remain as going concerns, keep operational stability, and drive sustainability and growth in the longer term. Those avenues might create opportunities for illegal and fraudulent activities. 

This webinar highlights the heightened risks of fraud arising from the disruptive and uncertain COVID-19 environment (including considerations for auditing Financial Statements) and the implications for both professional accountants in business and in public practice, including auditors and accountants in government. 

IRBA (the South African Independent Regulatory Board for Auditors), IESBA (International Ethics Standards Board for Accountants) and the IAASB (International Auditing and Assurance Standards Board) have jointly published a staff alert on this topic as a guidance and support tool. 

Join our technical expert Lettie Janse van Vuuren CA(SA) on 13 April 2021 from 10:00 a.m. to 12:00 p.m. as she discusses this pertinent issue.  

This webinar is complemented by an IESBA Staff Publication - COVID-19 and Evolving Risks for Money Laundering, Terrorist Financing and Cybercrime. Lettie has already presented a webinar on this document on 23 February 2021 – which is available to you as a webinar on demand. 

Learning objectives    

   By the end of this event the attendee will:   

• Understand how COVID-19 has created opportunities for increased fraud and other illicit activities; 

• Understand the fraud triangle and know examples of opportunities for fraud to be perpetrated; 

• Understand how the International Standards can help; 

• Understand the implications on auditing Financial Statements; and 

• Be aware of some important reminders for accountants to remember in future. 

Content   

   The webinar will cover the following topics:   

• Introduction. 

• The Fraud Triangle: 

  • Some examples of opportunities for fraud to be perpetrated. 

• How can the International Standards help? 

  • The application of the Code’s Conceptual Framework. 

  • NOCLAR. 

  • Inducement  including Gifts and Hospitality. 

  • Pressure. 

• Auditing Financial Statements and the increased risk of Fraud. 

  • Fraud Risk. 

  • Planning and Performing the Audit. 

  • Communicating with Management and TCWG (those charged with governance). 

  • Professional Scepticism. 

• What now? 

  • Some important reminders for accountants. 

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. The SAAA CPD policy is compliant with IFAC IES7 and is recognised by all relevant professional bodies.  All attendees are issued with a CPD certificate available in an online profile.   

About the presenter  

Lettie Janse van Vuuren CA(SA), RA  

Lettie is a Chartered Accountant, Registered Auditor, as well as an Assessor and Moderator. She joined SA Accounting Academy in November 2017 as Head of Technical. As a professional trainer and webinar host, she is able to hold the attention of an audience with her relaxed and humorous presentation style.  She has a unique ability to communicate with delegates at their respective levels of knowledge and experience.  Over the last 20 years, she has trained thousands of partners, managers, trainee accountants and other professionals.   

She is responsible for researching, compiling and presenting our MCLU (Monthly Compliance and Legislation Updates). She was the Professional Development Manager at SAICA for 4 years and in charge of accrediting new training offices and monitoring existing ones (including the moderation of training offices and trainee assessments).  

Who should attend?   

   The following persons will benefit from attending this webinar:   

• Professional Accountants including: RA(SA), CA(SA), PA(SA) and BAP(SA); 

• Accounting officers; and  

• Audit trainees.  

Price                 

• R 475.00 - Online admission - Individual.  

• R 950.00 - Online admission - Company.   

Steps to register for the event:   

If you already have a profile, login and register for the webinar.  

If you don’t have a profile, create a free profile then login and register for the webinar.  

Click here to create a free profile (There is no charge to create a profile and gain access to our free Monthly Practice Management Series).  

Click here to find out about the Technical Resource Centre & CPD Subscription options.  

 Additional material  

   By attending this webinar you will be provided with:  

• Summarised slide presentation;  

• Detailed course material; 

• Source documents for reference/resource library; and   

• You can ask questions during the webinar and you will also have access to the presenter after the webinar.