Overview
Accountants and auditors must stay informed about changes in legislation and regulations that affect their firms and the business of their clients.
Technical expert Lettie Janse van Vuuren CA(SA), RA researches and summarises all relevant and important changes on a monthly basis and presents this in an easily understandable webinar.
The webinar includes:
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A reference guide of all changes to share within the firm;
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PPT summary of all new amendments;
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Interactive session with the presenter; and
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Online Q&A.
Learning objectives
After attending this webinar you will:
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Be aware of the latest legislative changes and what it means for your business, practice, and your clients;
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Be able to inform your staff and clients on how to stay compliant;
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Adapt business models to fit new legislative landscapes;
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Receive references to documents and guides;
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Have access to your own technical resource; and
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Have access to the presenter via email for follow-up Q & A.
Course content
The following legislative, regulatory, industry standards, items and guides have been issued and/or updated during the preceding month and will be covered in the webinar:
IFRS:
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Standards – What’s new?
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Accounting issues
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ASB: Can past decisions about materiality affect future accounting?
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Body corporates financial statements published for comment
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Educational material on presentation of inventory write-offs and costs as a result of the civil unrest in South Africa
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2021 SAICA Medical Schemes Accounting Guide
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2022 MTEF Guidelines for Public Entities
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IRBA:
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Standards:
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Legal/Ethics:
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Other:
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Ground-breaking FRC report sets out what it expects from audit firms to deliver high quality
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Non-audit services and auditors' independence
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IAASB: New Technology-Focused FAQ Available
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Accountancy Europe: FAQs on audit facts, including some on audit, auditors and supervision
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CIPC:
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COVID-19 Updates
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Other Laws & Regulations affecting your client AND impact on NOCLAR:
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Other acts and articles:
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The Cybercrimes Act has finally commenced
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E-waste regulations come into force
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Basic Education Laws Amendment Bill 2021: Explanatory summary
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SARS:
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Guides (new, updated & issued):
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Binding Rulings (Private/Class/General) issued:
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Notices and other publications issued:
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VAT Notices: Public Notice prescribing the particulars that a tax invoice must contain, if the supply by a vendor relates to any enterprise contemplated in paragraphs (b)(vi) and (b)(vii) of the definition of “enterprise” in section 1(1) of the Act
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Average Exchange Rates
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Table A – A list of the average exchange rates of selected currencies for a year of assessment as from December 2003
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Table B – A list of the monthly average exchange rates to assist a person whose year of assessment is shorter or longer than 12 months
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MobiApp update
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Deceased Employee – responsibility of the Employer
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Media release – Implementation of Tax Directives Enhancements
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Enhancements to the Disputes Process
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Updated Turnover Tax submission channels
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All eFiling forms were successfully migrated to HTML5
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Proposed Model for Establishing an Advance Pricing Agreement Programme in South Africa and Release of Draft Legislation
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Tax court cases:
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SARSTC IT 25117 (ADM) [2021] Johannesburg (18 November 2021)
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SARSTC IT 24790 (IT) [2021] CPT (15 October 2021)
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SARSTC VAT 2060 (VAT) [2021] DBN (8 October 2021)
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SARSTC IT 24596 (IT) [2021] CPT (17 September 2021)
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SARSTC IT 24988 (ADM) [2021] JHB (5 August 2021)
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SARSTC 0059/2019 (ADM) [2021] DBN (30 November 2021)
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SARSTC 2020/95 (ADM) [2021] JHB (19 November 2021)
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High court cases:
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SCA cases:
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Purveyors South Africa Mine Services (Pty) Ltd v CSARS (135/2021) [2021] ZASCA 170 (7 December 2021)
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Voluntary disclosure – whether taxpayer met the requirements of section 227 of the Tax Administration Act 28
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of 2011 – Commissioner for the South African Revenue Service had knowledge of information subsequently
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disclosed and prompted taxpayer to comply – disclosure not voluntary
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requirements of section 227 not satisfied – appeal dismissed
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Taxpayers must be on the lookout for New Scams:
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Regulator news:
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IRBA News & press releases:
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SAICA press releases and other publications:
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SAIBA press releases and other publications:
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Newsletters:
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CFO Talks (CFO Talks™ is devoted to sharing ideas and conversations between CFOs. It is a platform which facilitates insightful and powerful talks relevant to CFOs): https://cfotalks.com/
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Accounting Weekly (weekly newsletter): https://accountingweekly.com/
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Companies Tribunal:
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FSCA publications & press releases:
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OTO:
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IFAC:
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SARS:
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VAT Connect Newsletter – Issue 13
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Latest Tax Practitioner Newsletter – December 2021
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Media Release – SARS uncovers non-compliance through data-driven risk detection
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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.
Who should attend
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Professional accountants including: CA(SA), Professional Accountant (SA), BAP(SA), ACCA, CIMA, FCCA, IAC, AGA(SA), CIS, BA(SA).
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Registered auditors, RA.
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Company secretaries.
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Legal advisors.
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Compliance officers.
Price:
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R 399.00 - Online admission - Individual.
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R 699.00 - Online admission - Company.
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Choose Individual if you would like to attend this event yourself or choose Company if you would like to share this event to with your entire firm.
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This webinar is free if you are already an SAAA CPD subscriber.
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Click here to find out about the Technical Resource Centre & CPD Subscription options.
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Click here to create a profile and then register for the event (There is no charge to create a user profile and gain access to our free Monthly Practice Management Series).
Additional material
By attending this webinar you will be provided with:
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Summarised slide presentation,
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Detailed course material and reference documents.
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You can ask questions during the webinar via the online portal, and you will also have access to me the presenter via e-mail after the webinar.
Previous Recording
Preview the snippet below for a sneak peek at what you can expect from the webinar click here