Overview   

Although the accounting profession is not formally regulated, designated professional accountants in South Africa enjoy statutory recognition for services rendered as envisaged under various national legislation. 

Statutory Recognition of Accounting Professionals: 

Provisions of various Acts of Parliament apply to the professional work and engagements undertaken by independent accounting professionals, including:  

• Companies Act No. 71 of 2008  

• Close Corporations Act No. 69 of 1984. 

• Sectional Titles Schemes Management Act No. 8 of 2011. 

• South African Schools Act No. 84 of 1996  

• Financial Advisory and Intermediary Services Act No. 37 of 2002  

• Co-operatives Amendment Act No. 6 of 2013 

Further, the services and reporting engagements of accountants are regulated by specific international standards and frameworks, including: 

• ISRS 4410: Compilation engagements (preparation of financial statements). 

• ISRS 4400: Agreed-upon-procedure engagements (accounting officer report on the financial statements). 

• ISRE 2400: Conducting independent review engagements.   

Join Jako Liebenberg CA(SA) on 22 May 2022 from 9:00 a.m. to 1:00 p.m. as he provides an in-depth discussion, including the practical application, of the framework, standards, and laws applicable to professional services and reporting engagements undertaken by professionally designated accounting professionals.  

Competencies developed in this webinar 

By attending this CPD webinar you will develop the following competencies: 

• Successfully implement the different types of reporting engagements. 

• Be competent to accept, perform, and complete the various types of reporting engagements. 

• Understand common law, law of contract, and relevant statutory law obligations applicable to accounting professionals in South Africa. 

• Apply the frameworks and standards applicable to each professional accountancy engagement. 

• Understand independence and other ethical considerations related to each type of reporting engagement. 

Content 

The webinar will cover the following topics:  

• What is a reporting engagement? 

• Assurance vs non-assurance engagements.  

• Audit vs Independent Review vs Compilation vs Agreed-upon Procedures. 

• Reporting engagement standards:  

  • ISRS 4410 - for compilations. 

  • ISRS 4400 - for agreed-upon-procedures. 

  • ISRE 2400 - for independent reviews. 

• Practical procedures for reporting engagements: 

  • Accepting. 

  • Performance. 

  • Completion. 

  • Reports 

• Code of conduct and quality control requirements.  

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 

Jako Liebenberg CA(SA) 

Jako became a Chartered Accountant and Registered Public Auditor in 2001. His entire career has been in public practice except for a stint as CFO in the Free State Provincial Government from 2010 to 2012. 

Jako consults for clients across South Africa on Accounting Standards and Compliance, Broad Based Black Economic Empowerment, Tax and Business Development. He serves as an assessor in the Free State High Court of Appeals as representative in Public Practice. Jako is also a registered SAICA assessor for Trainees.  

Who should attend? 

The following persons will benefit from attending this webinar: 

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

• Registered auditors. 

• Tax practitioners. 

• Independent reviewers. 

• Accounting officers. 

• Trainee accountants. 

Price              

• Individual Booking: R575.00  

• Company Booking: 

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

  • R1 350.00 - Group Price 2 (Maximum of 10 attendees) 

  • R1 950.00 - 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.