Overview   

When an accounting practitioner goes about their business, there will often be instances where errors will be detected, either by the practitioner, client, or other parties.  Alternatively, there may be disputes as to what the correct value is, or course of action is.  

Our code of conduct raises this issue through various elements such as due diligence, professional behaviour and managing any potential non-compliance with laws and regulations. We always need to manage the risk of advocacy, self-review or potentially self-interest threat. A common area of where accounting practitioners are asked to assist clients is in negotiating their responsibility with SARS, or a new practitioner detecting errors in prior year financials. Under these circumstances a practitioner needs to consider their responsibility with respect to restating prior year financials, potentially recalling issued financials or assisting their clients to negotiate the liabilities.    

Join Carmen Westermeyer CA(SA) and Caryn Maitland CA(SA) on 26 September 2022 from 9:00 a.m. to 12:00 p.m. as they discuss and guide you as far as your responsibilities are concerned when errors and non-compliance are detected by regulators and other parties.  

Learning objectives and competencies developed 

By attending this webinar you will develop the following competencies:  

• Maintain up-to-date knowledge of relevant legislation and guidelines for practical application. 

• Consideration of various examples where practitioners may encounter errors and require financial information to be restated. 

• Practical application of IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors. 

• Be able to follow through the process of recalling issued financial statements when required. 

• Know the appropriate channels to follow for the various stages of a dispute resolution process with regulators like SARS. 

Content 

The webinar will cover the following topics:  

• IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors. 

• Our Code of Professional Conduct. 

• Dealing with fundamental principles potentially threatened. 

• A guide to dispute resolution. 

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), Professional Accountant (SA), FCCA, BA(SA) and ACCA. 

• Registered auditors. 

• Registered tax practitioners.  

• Trainee accountants. 

Price              

• Individual Booking: R500.00  

• Company Booking: 

  • R950.00 - 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.