IFRS: 

• Standards – What’s new? 

  • IFRS Monthly news summary 

• Accounting issues 

  • ASB: Updated FAQ on the standards of GRAP (July 2021) 

IRBA: 

• Standards:  

  • IAASB: Proposed ISA for LCE 

  • Guide for Registered Auditors: Guidance on Performing Audits on behalf of the AGSA (Revised August 2021) 

• Legal/Ethics:  

  • IESBA: Proposed Quality Management-related Conforming Amendments to the Code 

  • IRBA: Revisions to the Code Addressing the Objectivity of an Engagement Quality Reviewer and Other Appropriate Reviewers 

• Other:  

  • IRBA to refer non-audit complaints to professional bodies 

  • IRBA guide on the implementation of search and seizure provisions published for comment 

CIPC: 

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

  • Notice 39 of 2021 & Practice Guideline re Independent Review  

  • Temporary change in submission requirements for changes to company MOI (FORM COR15.2)  

  • External Company Registration (FORM COR20.1)  

  • Status on file transition to the new bulk storage facility  

Labour Law: 

• Employment law: 

  • Mandatory Vaccinations in the Workplace – an opinion piece 

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

• This month’s big 5: 

  • Volume 16 Issue 14 covers new relevant National laws up to xx August 2021 

  • Volume 16 Issue 15 covers new relevant National laws up to xx August 2021 

• Other acts and articles: 

  • The Profile of Occupational Health and Safety in South Africa 

  • PAIA Regulations 2021 

SARS: 

• Guides (new, updated & issued): 

  • General: Taxation in South Africa 2021 

  • Income Tax Act, 1962: Guide on Income Tax and the Individual (2020/21) 

  • Guide on the Taxation of Franchisors and Franchisees (Issue 2) 

  • How to Register for eFiling and Manage Your User Profile – External-Guide 

  • SARS: Basic Guide to Tax Exemption for Public Benefit Organisations (Issue 3) 

  • Draft Tax Exemption Guide for Institutions, Boards or Bodies 

  • Draft Tax Exemption Guide for Companies Wholly Owned by Institutions, Boards or Bodies 

• Interpretation Notes (updated & issued): 

  • Draft IN – Draft Interpretation Note – Reduced Assessments: Meaning of “Readily Apparent Undisputed Error”  

  • Draft Interpretation Note on Disposal of Assets by Deceased Person, Deceased Estate and Transfer of Assets between Spouses 

  • Interpretation Note 43 (Issue 8) – Circumstances in which Certain Amounts Received or Accrued from the Disposal of Shares are Deemed to be of a Capital Nature 

  • Interpretation Note 79 (Issue 3) – Produce Held by Nursery Operators 

  • Interpretation Note 69 (Issue 3) – Game Farming  

• Notices and other publications issued: 

  • eBooking enhancements 

  • SARS eFiling browser now includes MAC users 

  • Updated BRS – PAYE Employer Reconciliation 

  • New SARS tutorial videos 

  • National Legislation: Second batch of draft bills and draft explanatory notes on the emergency tax relief measures  

  • MobiApp enhancements 

• Taxpayers must be on the lookout for New Scams: 

  • Final demand scam 

Regulator news: 

• SAICA press releases and other publications: 

  • SAICA Frequently Asked Question (FAQ) on the IFRS for SMEs Standard 

• SAIBA press releases and other publications: 

  • Newsletters: 

• CIPC:  

  • The protection of personal information and the CIPC 

• Companies Tribunal:  

  • 8 Cases finalised in AUGUST 2021 

• Information Regulator:  

  • Information Regulator acknowledges receipt of 7 Codes of Conduct 

  • PAIA Manual templates published (in Word-format) 

  • PAIA forms 1, 2, 4, 5 and 13 published 

• LPC:  

  • REMEMBER! Deadline extended: Legal Practitioner’s Trust Accounts 

• FSCA publications & press releases:  

  • Use of electronic signatures and prepopulated documents 

  • FSCA hits Viceroy with R50m penalty 

  • 9 Warnings issued against fraudulent FSPs 

• Competition Commission:  

  • Draft Guidelines on collaboration between competitors on localisation initiatives 

• King Committee:  

  • 3 Guidance papers released 

• SARS:  

  • 48 years for defrauding taxpayers 

  • Media Release – SARS to recover debt of R15m for non-payment of PAYE, VAT 

  • Media Release – Company director ordered to pay back the money to SARS 

  • SARS Tender Fraud Alert 

  • Media Release – SARS update on filing season for individuals and trusts 

  • VAT Connect Newsletter 

  • Latest Tax Practitioner Newsletter 

General Announcements / News Releases: 

• Media articles:  

  • Are your remote working policies in accordance with the law 

  • Bizcommunity article