IFRS: 

• Standards – What’s new? 

  • IFRS Monthly news summary 

  • IIFRS Foundation publishes IFRS Accounting Taxonomy 2023 

  • IFRS - IASB proposed narrow-scope amendments - IFRS 17 Insurance contracts  

  • IFRS for SMEs Accounting Standard Update - March 2023 

  • IASB - Tentative Agenda Decision and comment letters 

• Accounting issues 

  • IASB - Conclusion of project on disclosure requirements in IFRS Accounting Standards 

  • IFRS - Meeting notes Taxonomy Consultation Group  

  • IFRS Foundation publishes 2022 Annual Report 

• Public sector 

  • National Treasury - 2023 GRAP Accounting and Disclosure Checklist 

  • ASB - Latest ASB FAQs 

  • IPSASB - Activities update 

• Sustainability Reporting 

  • IFRS - Connectivity in practice 

• Technology 

  • Financial Reporting Council Technology and Digital Hub 

IRBA: 

• Legal/Ethics 

  • International Foundation for Ethics and Audit launch 

  • IESBA - Proposed revisions to the Code addressing tax planning and related services 

  • SAICA - NOCLAR - Do you know your responsibilities?  

• Technology 

  • IAASB - IAASB Digital Technology Market - Scan Digital Assets IAASB (7th Ed) 

  • Public Companies and Blockchain - Exploring the Digital Asset Landscape  

• Sustainability  

  • IESBA and IAASB Highlight Commitment to Deliver on Recommendations 

• Other 

  • IRBA - Public Inspections Report 2022 

  • IFIAR - Public Inspections Report 2022 

  • FRC - List of Companies whose reports and accounts have been reviewed 

  • SAICA - FAQs on ISAs 

  • SAICA - Submission to IRBA on Due Process Policy 

  • Property Practitioner Trust Account Engagement Reports  

CIPC: 

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

  • Notice 15 of 2023 - CIPC notice setting out the Requirements on the Appointment of an Accounting officer 

  • Notice 16 of 2023 - CIPC experiencing a delay in processing credit notes  

  • Notice 19 of 2023 - CIPC commencing final deregistration 

  • Notice 20 of 2023 - CIPC deregistered 646 853 companies and CCs 

Sustainability and Integrated Reporting: 

• News releases 

  • ISSB - transitional relief to support companies applying IFRS S1 and IFRS S2 

  • IASB - Improvements to climate-related disclosures in financial statements 

  • IASB - International applicability of Sustainability Accounting Standards Board (SASB) Standards 

  • GRI - Calls for a risk-based due diligence approach to inform business decisions 

  • ISSB - Update by chair 

  • IASB & ISSB - Connectivity in reports 

Labour Law: 

• Employment law: 

  • Compensation Commission - 2022 ROE form 

  • COIDA - Confirmation of Life 

  • GPTs are GPTs - An early look at the labour market impact potential of large language models 

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 31 March 2023: 

    1. The Competition Act: Draft terms for a media and digital platforms market inquiry 

    2. The Disaster Management Act: Severe electricity constraint disaster regulations - ICASA directions 

    3. The Financial Sector Regulation Act: Financial sector amendments 

    4. The Tax Administration Act: Third party returns draft amendments 

    5. The Trust Property Control Act: Regulations 

Other acts and articles: 

• Trust Property Control Act amendment of regulations 

• Trustee beneficial ownership register 

• Trust Property Control Act new sections effective 

• Chief Master Directive 1 of 2023 

• NPO Act Draft Regulations - SAICA comment letter  

• Disaster Management Act: Severe electricity supply constraint disaster regulations 

• Companies Act: Regulations Draft amendments  

• National Environmental Management Biodiversity Act: Withdrawal of norms and standards  

• National Environmental Management Biodiversity Act: Withdrawal of Rhino measures amendment  

• National Environmental Management Biodiversity Act: Withdrawal of revised threatened or protected species regulations  

SARS: 

• Refer to February 2023 and March 2023 Maitland and Associates Tax Newsletter distributed to attendees.  

Regulator news: 

• CIBA 

  • Guide to the General Laws Amendment Act Changes 

  • Guide on the de-registration campaign for NPOs 

  • Accounting Weekly Newsletter  

  • CFO Talks 

• IRBA 

  • Updated IRBA (Continuing Professional Development) CPD policy published 

• CGSO (Consumer Regulator) 

  • Anniversary of the Bar Code 

• Competitions Commission 

  • Commission’s school uniform procurement guidelines change lives 

  • Statement of Latest Decisions 

  • Addressing the State Of Disaster on Energy 

  • Commission welcomes tribunal’s approval of Heineken and Distell merger 

  • Commission releases Terms of Reference to establish a Media and Digital Platforms Market Inquiry 

  • Remarks by the chairperson of the Fresh Produce Market Inquiry 

  • Remarks by the Commissioner of the Competition Commission 

  • Commission launches Fresh Produce Market Inquiry 

  • Unjustified price increases of essential food a concern for Commission 

• FIC Advisory & Guidance 

  • FIC Directive 6 

  • FIC Directive 7 

  • FIC Directive 8 

• Companies Tribunal 

  • Names Disputes: 12 granted, 3 refused 

  • Exemptions: 2 granted, 1 refused 

  • Director Disputes: 1 granted, 3 refused 

  • AGM: 1 dismissed 

• Property Practitioners Regulatory Authority 

  • Examples of reports 

• FCSA publications  

  • Flavour-of-the-year (FOTY) topics for insurers for the 2023 calendar year 

  • IFRS 17 Insurance Contracts 

  • Publication of Draft Notice of Amendment of Board Notice 90 of 2014 (BN90) 

  • 2023 list of planned PA surveys and questionnaires 

• Information Regulator 

  • Outcomes of complaints investigated and assessments conducted in relation to POPIA and POPIA 

Technology: 

• News releases 

  • Open AI releases the more advanced and capable GPT-4 

  • 7 Biggest Questions about ChatGPT answered by Gartner Experts 

  • Creating value in metaverse will require trust 

General Announcements / News Releases: 

• Media articles and other thoughts:  

  • What does accounting have to do with a banking crisis - ICAEW 

  • The collapse of Silicon Valley Bank caused panic and worry 

  • IFAC: Accounting Technicians are a key component of the accountancy ecosystem 

  • Elon Musk and top AI researchers call for pause on ‘giant AI experiments’ - The Verge