Overview 

Independent reviews are voluntary limited assurance engagements that are optional to audits for certain business entities. Close corporations, schools, trusts, partnerships and sole proprietorships can opt for this less onerous and less costly type of engagement.    

Determining whether to perform a full audit or an independent review mainly depends on the Public Interest Score (PIS) of the entity. This means that an entity that scores below the PIS threshold is not obliged to have an annual audit.  

Because independent reviews are a service that qualifying accountants can take up as an additional revenue source, we have invited Monja van Zyl CA(SA) to present a full discussion on this limited assurance engagement type. During this webinar, Monja will give you the latest updates to the standards on independent review engagements. Join Monja on 14 September 2022 from 9:00 a.m. to 1:00 p.m. for a 4-hour breakdown of independent reviews and how you can make them an additional service offering that will increase income for your practice. 

Learning objectives  

By attending this webinar you will gain the following competencies: 

• Have a broad understanding of the different types of assurance and other related services engagements. 

• Have updated knowledge of the international standard and legislation on independent reviews. 

• Establish how to determine whether a business should be audited or have an independent review performed on its financial statements.  

• Know how to accept, perform, and report an independent review engagement. 

• Setting up and establishing a system of quality control for your independent review engagements. 

Content 

The webinar will cover the following topics:  

• Differentiating the various engagements.  

• ISRE2400 (Revised) - Engagement to Review Financial Statements. 

• SAAPS3 (Revised May 2019) Illustrative reports. 

• Companies Act 71 of 2008. 

• Calculating the (PIS) threshold.  

• How to obtain the independent reviewer licence. 

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, SAIBA, SAICA and SAIPA.  

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

About the presenter  

Monja van Zyl CA(SA)  

Monja van Zyl completed her CA(SA) articles in Durban and qualified as a chartered accountant in 2006. She then worked for both listed and unlisted companies in various industries where she mentored and led teams of different sizes. 

Recognising the importance of balancing work and life, Monja started her own business called Aim Business Advisory Services in 2019. Her target market is the small-to-medium sized companies to whom she gives access to her vast skills and experience at a fraction of the cost on an outsourced retainer model.  

Who should attend?  

The following persons will benefit from attending this webinar:  

• Professional accountants including: CA(SA), Professional Accountant(SA), AGA(SA), FCCA, BAP(SA), BA(SA) and ACCA.  

• Independent reviewers. 

• Registered auditors. 

• Accounting officers.  

• Trainee accountants.  

Price                 

• Individual Booking: R575.00  

• Company Booking: 

  • R950.00 - Group Price 1 (Maximum of 5 attendees). 

  • R1 850.00 - Group Price 2 (Maximum of 10 attendees) 

  • R2 650.00 - Group Price 3 (Maximum of 15 attendees) 

Steps to register for the event:   

If you already have a profile, login and register for the webinar.  

If you don’t have a profile, create a free profile then login and register for the webinar.  

Click here to create a free profile (There is no charge to create a profile and gain access to our free Monthly Practice Management Series).  

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

Additional material  

By attending this webinar you will be provided with:  

• A summarised slide presentation.  

• Reference documents and/or course material where available.  

• You can ask questions during the webinar and you will also have access to the presenter after the webinar.