Every professional must stay informed about changes that affect his/her work because compliance is at the heart of every accounting and auditing practice. As accountants, auditors and tax practitioners, we operate in an environment that is highly regulated with constantly-changing regulations and legislation, and non-compliance or failure to report on our clients’ non-compliance, may have severe...
Every professional must stay informed about changes that affect his/her work because compliance is at the heart of every accounting and auditing practice. As accountants, auditors and tax practitioners, we operate in an environment that is highly regulated with constantly-changing regulations and legislation, and non-compliance or failure to report on our clients’ non-compliance, may have severe consequences – both to ourselves as well as our clients.
SARS, CIPC, IRBA and other regulatory bodies as well as various other professional bodies, regularly make important announcements and notices on legislative amendments and compliance guides. With ever-increasing demands on our precious time, how do you navigate through the jungle of important announcements and notices on legislative amendments and compliance guides that you regularly receive from SARS, CIPC, IRBA, other regulatory bodies as well as various other professional bodies? Join technical expert Lettie Janse van Vuuren CA(SA), RA as she provides a roadmap to compliance.
During this webinar you will receive an update on the latest developments, rulings, compliance notices, judgments, inspection reports, administrative notices issued, etc. that you need to know to run a compliance-based practice.
Learning objectives
By the end of this webinar the participant should be aware of the, and understand the compliance issues required of accountants, auditors and tax practitioners with regard to the:
Recent changes and lasts general updates to Laws & Regulations
Incorporating important information communicated by regulatory bodies to their members and stakeholders
Which Laws & Regulations you need to consider in terms of NOCLAR (as required by ISA 250)
Which Laws & Regulations you need to consider in terms of our standards (as required by ISA 250)
How these Laws & Regulations affect your reporting obligations.
Course content
The following topics will be covered in detail during the event:
Recent compliance and legislative updates affecting accountants, auditors, and tax practitioners spanning the past 6 to 8 months, with specific reference to the following:
SARS: New guides, interpretation notes, rulings, tax cases, operational issues and feedback;
CIPC: Compliance requirements, amendments, operational issues, new notices, business rescue and other matters and interpretations;
IRBA: Announcements, newsletters, guides, amendments to standards, practice statements, exposure drafts and other related matters affecting the auditing profession;
Ethics: NOCLAR guidance and amendments to various codes of conduct;
Other laws: Updates on other laws, e.g. the Property Practitioners Bill 2018, the Competition Amendment Bill 2018, CSOS Practice Directives and Circulars, COIDA updates, Legal Practices Act update, Regulations on Compensation Fund new Assessment Model, the National Minimum Wage Act of 2018, Amendments to Labour Relations Legislation, Financial Matters Amendment Bill – APA amendments, FIC Amendment of Regulations i.r.o. Cash Threshold Reporting and Aggregation;
Practice matters: Important information and guidance issued (as extracted from e.g. newsletters, notices, publications, etc. issued by regulatory bodies – such as SAICA, SAIBA, SAIPA, FSCA, FIC, CSOS, CGSO, Companies Tribunal, Competition Tribunal, EAAB, etc.), including the following:
Newsletters, cc, 2018 Emigrant Guide, LPFF notices and templates re ATA, ATA Guidance: Notice from the Legal Practitioners Fidelity Fund, Implementation of the FIC Act, by the estate agency sector, Free Labour legislation Webtool for Small Businesses, 2019 Medical Schemes Audit Committee Guide, Advice to SGBs on who can audit financial statements of a public school and what kind of engagement they must perform;
IFRS: Update on recently applicable standards (previously issued) and Exposure Drafts.
Obtaining your CPD certificate
Attendance of this 2-hour seminar/webinar series will accrue 2 CPD hours for members of a relevant professional body. The SAAA CPD policy is compliant with the IFAC IES7 and is recognised, amongst others, by SAICA, AAT, SAIPA, SAIBA, ACCA, IAC, CIS, ICBA, LSSA, FPI, the IBA and others.
Who should attend
The following persons will benefit from attending this webinar:
Registered auditors;
Accountants in Practice: CA(SA), PA(SA), BAP(SA), ACCA, CIMA, IAC, AGA(SA), CIS, ICBA and others;
Tax practitioners;
Company secretaries;
Accounting officers; and
Professional and practice support staff involved in audits, independent reviews, compilations, assurance engagements, accounting, taxation, company secretarial services and other relevant non-assurance engagements.
Additional material
By attending this webinar, you will be provided with:
Summarised slide presentation;
Detailed course material;
Source documents – which can be kept in your reference/resource library;
The ability to ask questions during the webinar via the online portal, as well as during the subsequent live Q&A session; and
Access to the presenter via e-mail, after the webinar.