IFRS: 

• Standards – What’s new? 

  • IFRS Monthly news summary 

• Accounting issues 

  • The importance of intangibles 

• Sustainability Reporting 

  • Exposure Draft Proposed IFRS S1 - General Requirements for Disclosure of Sustainability-related Financial Information. 

  • Exposure Draft Proposed IFRS S2 - Climate-related Disclosures 

IRBA: 

• Standards:  

  • New Quality Management Standards - Towards restoring confidence and enhancing audit quality 

• Legal/Ethics:  

  • IESBA Proposes Technology-related Amendments to the Code 

  • IESBA Proposes Revisions to the Code Relating to the Definition of Engagement Team and Group Audits  

• Other:  

  • New Disciplinary Rules gazetted for Registered Auditors 

  • PPRA Draft Guidelines on Audit of Accounting Records of Trust Accounts (Requirements for Business Property Practitioners) 

  • Revised Illustrative Section 12I Tax Allowance Incentive Programme Agreed-upon Procedures Report 

  • IAASB digital technology market scan: data standardisation 

  • Considerations of ESG-related matters in an audit of financial statements. 

  • ICAEW - Why LCE audits matter. 

CIPC: 

• Notices and Practice Notes issued (Enforcement and to customers): 

  • Admin and transition project notices 

• Articles: 

  • Appointment of accounting officers 

COVID-19 Updates: 

• New announcements/guidance: 

  • Lockdown finally over, now what? 

Labour Law: 

• Employment law: 

  • Employment Equity Act: Code of good practice on harassment  

Other Laws & Regulations affecting your client AND impact on NOCLAR: 

• This month’s big 5: 

  • The latest SAICA Legal Update has been released and it covers relevant national laws up to 25 March 2022: 

    1. The Employment Equity Act: Code of good practice on harassment 

    2. The International Health Regulations Act: Draft health measures at points of entry 

    3. The National Act: Draft regulations for environmental health, and draft amendments to notifiable medical conditions 

    4. The Occupational Health and Safety Act: Code of practice managing SARS-Cov-2, and hazardous biological agents 

    5. The Rental Housing Act: Draft rental housing tribunal regulations 

• Other acts and articles: 

  • Rental Housing Act 

  • Older Persons Act 

SARS: 

• Refer to February and March 2022 Maitland and Associates Tax Newsletter distributed to attendees.  

Regulator news: 

• SAIBA 

  • Accounting Weekly Newsletter  

  • CFO Talks 

• SAICA 

  • Application of IAS 12 Income Taxes Substantively Enacted Tax Rates  

General Announcements / News Releases: 

• Media articles:  

  • Is your word your bond? The enforceability of verbal agreements 

  • Prescription of a judgement debt - How it impacts you 

  • A rundown of why terms and conditions in insurance policies matter  

  • In South Africa, how long an entire insolvency process takes 

  • Your rights when purchasing a property - Interest rates and insurance costs 

  • Draft Health Regulations are under the microscope