Overview   

In 2011, the Companies Act, No 71 of 2008 changed the landscape of regulation and compliance with respect to the auditing of companies.  The Act provided for Close Corporations, Schools, Trusts, Partnerships and Sole Proprietorships to perform a less onerous and voluntary assurance engagement called the independent review.  

The independent review engagement was also presented as an alternative for certain companies that previously had to be audited. Qualification for an independent review however requires them to satisfy certain criteria. 

Join us for this webinar as we clarify exactly what an independent review engagement is, which companies are liable for one and who qualifies to perform one.  

Learning objectives  

 By the end of this event the participant should: 

• Understand what an independent review is; 

• Understand how it differs to other types of engagements; 

• Understand how to calculate the Public Interest Score;  

• Be able to perform an independent review engagement; and 

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

  Content 

 The webinar will cover the following topics:  

• Independent review defined. 

• Independent review compared to audits and compilations. 

• Who regulates independent reviews? 

• Relevant international reporting standards.  

• The Public Interest Score (PIS) threshold. 

• How to calculate the PIS. 

• Accepting, performing and completing the engagement. 

• Ensuring quality control in a review engagement. 

• Who can perform an independent review? 

• The different levels of independent reviewers.  

• How to become a licensed independent review practitioner. 

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 

TBC 

 Who should attend 

 The following persons will benefit from attending this webinar: 

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

• Trainee auditors/accountants; and 

• Assurance department staff.    

Price            

• R 475.00 - Online admission - Individual. 

• R 950.00 - Online admission - Company. 

• R 0.00 - Paid-up CPD subscribers. 

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.