Monthly Compliance and Legislation Update - October 2023


Date: Oct 24, 2023 - Oct 24, 2023

CPD hours: 2 Hours

Time: 09:00 - 13:00

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 - September 2023 Monthly news summary
      • IASB - Review of IASB Work Plan for Q4 of 2023
      • IASB - Update on 2nd Comprehensive Review of IFRS for SME
      • IASB - Annual Improvements to IFRS Standard ED - update
    • Accounting issues
      • ICAEW - International Non-Profit Accounting Guidance
    • Public sector
      • Newsletter - Why governments need to account for their assets.

IRBA:

    • Standards
      • IAASB - ISA of Less Complex Entities – where are we at with this project?
      • IAASB - Proposed SAAPS 3 Revised: Illustrative Reports
      • IAASB - Narrow Scope amendments to ISA 700 (Revised)
      • IAASB - Narrow scope amendments to ISA 260 (Revised)
    • Legal and ethics
      • IRBA - BN 475 of 2023 IRBA Rule on Enhanced Auditor Reporting for the Audit of AFS of Public Interest Entities
      • IRBA - Staff Alert 9 - Guidance on the IRBA Rule on Enhanced Auditor
      • IAASB - IAASB Enhances Auditor’s Report Transparency on Independence to Reflect Revisions in the IESBA Code of Ethics
    • Sustainability
      • ISSB - ISSA 5000 Proposed Global Sustainability Assurance Standard
      • IFAC - New IFAC Study Expands Insights into Sustainability Disclosure and Assurance Beyond the G20
      • IFAC - Call to Action for Sustainability Reporting and Assurance
      • IPSASB - Development of Climate-Related Disclosures Standard for the Public Sector 
    • International news
      • IFAC - Trust, Corruption and Sustainable Development Are Interconnected Issues in Public’s Attitude Towards Tax
      • ICAEW - Understanding the mindset of fraud
    • Other
      • IRBA - IRBA Newsletter No. 63
      • AGSA - Circular 01 2023 24 Guide on AGSA Charge Out Rates
      • IPSASB - Issues Updated Chapters of Conceptual Framework

CIPC:

    • Notices and Practice Notes issued (Enforcement and to customers):
      • CIPC Clamping down on reckless conduct and non-compliance
      • Practice Notice 4: Filing of documents
      • Notice 55 of 2023: Enforcement of Beneficial Ownership Filings and Securities Registers as from 1 Oct 2023

Financial Intelligence Centre (FIC)

    • News releases
      • Risk and Compliance Return Sanction Notice Issued
      • Are your clients accountable institutions? What are your responsibilities with respect to NOCLAR?
      • Financial Intelligence Centre instrumental in recovery of more than R5.8 billion in criminal assets
      • Website notice PCC 5D Further Guidance for Registering as an AI
      • The wars between the laws POPIA v FICA legislation

Sustainability and Integrated Reporting:

    • News releases
      • ICAEW - ESG for SMEs step-by-step climate scenario analysis

Technology

    • News releases
      • ICAEW - Cyber month: CFOs should take the lead
      • ICAEW - Cyber month: why AI offers both security and threat
      • ICAEW - The 21st-century evolution of cyber security
      • ICAEW - How to digitally upskill traditional finance professionals
      • ICAEW - SMEs must wise up to cyber security risks
      • ICAEW - Generative AI Guide

Labour Law:

    • Employment law:
      • SALRC - Maternal and paternal benefits
      • The National Minimum Wage is under the spotlight
      • Fixed duration agreements and long-term job security
      • Recent trends in employment litigation in South Africa
      • You could be fired because of your co-worker in South Africa

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

Other acts and articles:

    • This month’s big 5:
      • The latest SAICA Legal Update has been released and it covers relevant national laws up to 1 September 2023:
        1. The Companies Act: Amendment Bill and Second Amendment Bill
        2. The Electricity Regulation Act: Amendment Bill
        3. The National Nuclear Regulator Act: Amendment Bill
        4. The Regulation of Interception of Communications and Provision of Communications-related Information Act: Amendment Bill
        5. The Special Investigating Units and Special Tribunals Act: Gauteng department of health and Tembisa Hospital
      • The latest SAICA Legal Update has been released and it covers relevant national laws up to 15 September 2023:
        1. The Competition Act: Media and digital platforms market inquiry
        2. The National Prosecuting Authority Act: Amendment Bill
        3. The Draft National State Enterprises Bill
        4. The Road Accident Fund Act: Draft Amendment Bill
        5. The Special Investigating Units and Special Tribunals Act: Amajuba Municipality
    • Companies Act: Amendment Bill and Second Amendment Bill
    • The National Prosecuting Authority Act: Amendment Bill
    • Masters Office - Deceased Estates have gone online
    • DoJ - New Beneficial Ownership Register for Trusts (Circular 52 of 2023)

SARS:

    • Refer to August 2023 and September 2023 Maitland and Associates Tax Newsletter distributed to attendees. 

Regulator news:

    • CIBA
      • Accounting Weekly Newsletter
      • CFO Talks
    • IRBA
      • IRBA - EAR Rule to enhance the transparency of auditors’ reports on annual financial statements of public interest entities
    • SAICA
      • SAICA - South African Chartered Accountants lead in global trustworthiness
    • Competitions Commission
      • Commission levels the playing field for Online Platforms (think Takealot, Bookings.com, etc)
      • Commission investigates Johnson & Johnson
      • Statement on the latest decisions by the Competition Commission
      • Essential Food Pricing Monitoring Report Released
      • Commission gazettes final terms of reference for Media and Digital Platforms market inquiry
      • Statement on the latest decisions by the Commission
      • Media statement calls for public comment on draft public interest guidelines
      • Commission recommends prohibition of Vodacom/Maziv merger
      • Commission signs consent agreement with Unilever
    • Companies Tribunal
      • Names Disputes (7 granted, 2 dismissed)
      • Exemptions (1 granted, 1 dismissed)
      • Directors Disputes (1 granted,)
      • AGM (3 granted)
      • Other matters (2 granted)
    • Property Practitioners Regulatory Authority
      • Guidance note on undesirable practices
    • National Credit Regulator
      • NCR Credit Extension slows down while impairments worsen
    • FCSA publications
      • The FSCA welcomes the Tribunal decision on Mr Markus Jooste, former CEO of Steinhoff International Holdings N.V.
      • FSCA Publishes Budget and Levies and Fees Proposals
      • FSCA issues 9 warnings and alerts
    • Information Regulator
      • Media Statement: Enforcement notice issued to Dis-chem.

General Announcements / News Releases:

    • Media articles and other thoughts:
      • Navigating the legal aspects of online contracts and privacy
      • Guardians of the galaxy… The needs and requirements of minor children

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, SAICA and SAIPA.
 
All 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), ACCA, CIMA, IAC, AGA(SA), and FCCA.  

  • Registered auditors, RA. 

  • Company secretaries. 

  • Legal advisors. 

  • Compliance officers. 

 


Price:                     

  • Individual Booking: R380.00  

  • Company Booking:

  • Group Price 1 - From R184 per person (up to 5 users) 
  • Group Price 2 - From R121 per person (up to 10 users) 

  • Group Price 3 - From R109 per person (over 11 users) 
  • This webinar is available as part of a monthly or annual subscription plan, click here for more information. 


 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. 


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