Overview   

Independent review was introduced by the Companies Act, 2008 and Companies Regulations, 2011 as an alternative to the audit for certain types of larger Companies. The independent review can however also be performed as a voluntary engagement for smaller Companies, Close Corporations, Trusts, Schools, Partnerships and Sole Proprietors.  

This will be especially useful if the entity is planning to obtain financing or obtaining additional shareholders or directors, or need to report to a stakeholder or board.  

Join Tendai Chinyande CA(SA) as she explains: 

• What determines whether a business is liable for an independent review or full audit?  

• Who qualifies to perform these engagements?  

• Breaks down the similarities and differences between these two types of financial reviews. 

• Shows you how the Public Interest Score is calculated and used.  

Your attendance will get you started on your journey to becoming a competent independent review practitioner.

Learning objectives  

By the end of this event the participant should: 

• Understand the difference between an Independent Review and an Audit.  

• Understand and be able to confidently calculate the PIS. 

• Be able to establish a system of quality control for reviews. 

• Be able to accept, perform and complete an independent review engagement 

Content 

The webinar will cover the following topics:  

• Independent Review vs Audit vs Compilation 

• What is an independent review? 

• Who can perform an independent review? 

• Who regulates independent reviews? 

• Calculating the PIS. 

• PIS threshold.  

• The standard that should be applied and recent amendments. 

• What the standard requires related to accepting, performing, completing and reporting on the engagement. 

• Quality control in a review engagement.  

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

About the presenter 

Tendai Chinyande

Tendai is a qualified Chartered Accountant with a solid background in external audit and accounting. She has a good understanding of IFRS and an extensive exposure to specialist technical assistance to clients relating to PFMA compliance, GRAP and IFRS accounting, taxation and corporate governance.

Who should attend 

The following persons will benefit from attending this webinar: 

• Practicing members of SAICA, SAIBA, SAIPA, IAC. 

• Support staff. 

• Auditors 

• Senior trainees and engagement team members

Price: 

• R 475.00 Online admission - Individual

• R 950.00 Online admission - Company

• Free for CPD Designation Subscribers

Steps to register for the event:  

1. Click on register. 

2. Create a free profile and become a free member. 

3. Register for the event and check out.  

Or  

Find out more about the benefits of being a CPD subscriber and attend this event for free - Click here. 

Additional material  

By attending this webinar you will be provided with: 

• Summarised slide presentation 

• Reference documents and / or course material where available 

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