Monthly Compliance and Legislation Update - December


Date: Dec 15, 2021 - Dec 15, 2021

CPD hours: 2 Hours

Time: 09:00 - 11:00

Event Type: Webinar

Presenter: Caryn Maitland CA(SA)
Owner, Maitland & Associates

Accountants and auditors must stay informed about changes in legislation and regulations that affect their firms and the business of their clients.

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 Caryn Maitland CA(SA) researches and summarises all relevant and important changes on a monthly basis and presents this in an easily understandable webinar.  

The webinar includes:  

  • A reference guide of all changes to share within the firm;  

  • PPT summary of all new amendments; 

  • Interactive session with the presenter; and 

  • Online Q&A. 


 Learning objectives  

After attending this webinar you will: 

  • Be aware of the latest legislative changes and what it means for your business, practice, and your clients; 

  • Be able to inform your staff and clients on how to stay compliant; 

  • Adapt business models to fit new legislative landscapes; 

  • Receive references to documents and guides;  

  • Have access to your own technical resource; and  

  • 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: 

  • Standards – What’s new? 

    • IFRS Monthly news summary 

    • Board work plan update 

  • Accounting issues 

    • Long term debts with covenants - classification 

    • Supplier finance arrangements 

    • Disclosure initiative projects 

    • Accounting for cryptocurrencies 

    • Body Corporate Illustrative Financials (ED) 

IRBA: 

  • Standards:  

    • New proposal for Less Complex Entities 

  • Legal/Ethics:  

    • IRBA opens draft proposed Disciplinary Rules for Registered Auditors for public comment 

  • Other:  

    • IRBA successfully defends challenge to MAFR by East Rand Member District of Chartered Accountants 

CIPC: 

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

    • Notice No. 58 of 2021: Appointing and resignation of auditors using the online services 

    • Notice No. 59 of 2021: Public companies contravening annual financial statements filing obligations 

    • Notice No. 61 of 2021: Compliance obligations of companies and close corporations in business rescue 

COVID-19 Updates: 

  • New announcements/guidance: 

    • Mandatory vaccinations - South African business heads push for mandatory vaccinations 

    • MTN makes COVID-19 vaccine mandatory 

    • Compensation Fund claims 

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 26 November 2021: 

      1. The Auditing Profession Act (Draft disciplinary rules) 

      2. The National Environmental Management Act (Hazardous chemicals and pesticides) 

      3. The Promotion of Access to Information Act (Manual, guide and disclosure) 

      4. The Tax Administration Act (Administrative penalties and disclosure) 

      5. The Tax Administration Laws Amendment Bill 2021 and Taxation Laws Amendment Bill 2021 

SARS: 

  • Refer to November and December 2021 Maitland and Associates Tax Newsletter distributed to attendees.  

Regulator news: 

  • SAICA 

    • SAICA Special Board Meeting 5 December 2021 (APC exam) 

    • CPD Declarations 

    • Annual Subscriptions 

    • Compulsory Ethics Reflection 

    • Sustainability Development Goals Report 2021 

  • SAIBA 

    • Accounting Weekly Newsletter  

    • CFO Talks 

General Announcements / News Releases: 

  • Media articles:  

    • What makes a good audit (FRC article)  

    • Non-audit services and independence 

    • Understanding assurance needs - A framework for the decision-maker 


Obtaining your CPD certificate   

This webinar qualifies for 2 CPD hours with your professional body including: ACCA, SAICA, AAT, SAIPA, SAIBA, IAC, CIS, ICBA, LSSA, FPI, and the IBA. 

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


Who should attend? 

  • Accountants in Practice: CA(SA), Professional Accountant(SA), BAP(SA), FCCA, AT(SA), CIMA, IAC, AGA(SA), CIS, ICBA.  

  • Practicing auditors, RA 

  • Company secretaries 

  • Legal advisors 

  • Compliance officers 


 Price:                     

  • R 399.00 - Online admission - Individual. 

  • R 699.00 - Online admission - Company. 

  • 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. 

  • This webinar is free if you are already an SAAA CPD subscriber. 

    • Click here to find out about the Technical Resource Centre & CPD Subscription options. 

    • 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: 

  • Summarised slide presentation,  

  • Detailed course material and reference documents.   

  • 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 

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