Overview   

Community living includes homeowners' associations, share blocks and bodies corporate. Accounting and dealing with the administrative requirements that apply to these living arrangements can be quite challenging especially if not adequately addressed upfront. 

The Sectional Title Schemes Management Act 8 of 2011 is the piece of legislation that directs how bodies corporate should be managed. As can be expected, the preparation of annual financial statements for these bodies is a specialised area of focus that requires accounting practitioners to have a good understanding of the Act as well as related Management Rules.  

This webinar is part of a series called Monthly Accountants Tech Talk where Caryn Maitland CA(SA) and Carmen Westermeyer CA(SA) resolve current issues that have been raised by accountants and auditors as requiring attention. If you are interested in subscribing to the series, click here for more information. Join Caryn and Carmen on 14 April 2022 from 9:00 a.m. to 12:00 p.m. as they delve into all the administrative and accounting aspects of community living.  

 Learning objectives and competencies developed 

By attending this webinar you will develop the following competencies:  

• Knowledge of all the types of community living that are subject to the Community Schemes Services Ombudsman. 

• Understanding of the Sectional Title Schemes Management Act 8 of 2011. 

• Understanding of the Management Rules as prescribed by the Act. 

• Knowledge of what to consider when drafting financial statements for bodies that fall under this Act.  

• Understanding the jurisdiction of the Companies Act in this regard. 

Content 

The webinar will cover the following topics:  

• Overview of the Sectional Title Schemes Management Act 8 of 2011. 

• The role of the Community Schemes Services Ombudsman. 

• Prescribed Management Rules. 

• Drafting financials for bodies corporate - Hot tips. 

• Jurisdiction of the Companies Act. 

• Auditing requirements. 

• Summary. 

Obtaining your CPD certificate 

This training is compliant with the International Education Standard (IES7) issued by the International Federation of Accountants and recognised for CPD by relevant professional bodies including ACCA, CIMA, IAC, IIA, SAIBA, SAICA and SAIPA. 

All attendees are issued with a CPD certificate available in an online profile.   

About the presenters 

Caryn Maitland CA(SA) 

Caryn Maitland is a Chartered Accountant (SA). She has been a member of IRBA as a registered auditor and accountant since 2002 and is also a registered member of SAICA. 

Caryn has lectured Auditing and Accounting at various institutions and has conducted independent workshops and seminars for professional accountants since 2006 on various topics. She has presented on the national tour for the annual Legislation Update with ProBeta Training (Pty) Ltd in 2014 and 2015, as well as on the FASSET national tour for the Tax Administration Act in 2014.  Caryn is also involved with the annual SAICA SMP Technical tour. 

Carmen Westermeyer CA(SA) 

Carmen Westermeyer graduated in 2001 from the University of Natal, Durban (now UKZN), with a BCom Honours degree in Accounting and completed her articles with PwC in 2004. She has been a member of SAICA since then. In 2008, she was appointed lecturer at UKZN and coordinated the Taxation 300 course until December 2010. She then took over the role of Academic Leader for the Taxation Department, as well as the coordination of the Postgraduate Taxation Programme.  

In December 2012 Carmen started running ad hoc training courses for members of the profession. From December 2013, she moved into commercial training and consulting on a full-time basis. She has been involved in various training activities, such as the SAICA SMP training in 2014 and the FASSET Budget and Tax Update in 2015 and 2016. 

Who should attend? 

The following persons will benefit from attending this webinar: 

• Professional accountants such as CA(SA), BAP(SA), AGA(SA), BA(SA), Professional Accountant (SA), FCCA, BA(SA) and ACCA. 

• Registered auditors.  

• Trustees of bodies corporate.  

• Body corporate members. 

Price              

• Individual Booking: R450.00  

• Company Booking: 

  • R699.00 - Group Price 1 (Maximum of 5 attendees). 

  • R1 850.00 - Group Price 2 (Maximum of 10 attendees) 

  • R2 650.00 - Group Price 3 (Maximum of 15 attendees) 

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: 

• A 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 the presenter after the webinar.