Overview     

Accounting and audit practices fulfil an important compliance function within the South African economy. Of significance is the fact that the code of conduct of professional bodies requires professionals to act with fundamental principles including: integrity, objectivity, professional competence and due care, confidentiality, and professional behaviour.  

It is therefore important for accountants to remain current and updated with the latest and important binding notices, practice guidelines, rulings and compliance guides issued by CIPC, IRBA, SAICA and SARS. 

Join our technical executive Lettie Janse van Vuuren CA(SA) on 28 September 2021 from 10:00 a.m. to 12:00 p.m. for the annual regulatory update in a summarised format focusing on regulator compliance, including current developments that have been introduced during 2021. 

Learning objectives    

   By the end of this event you will be aware of recent (2021):   

• CIPC warnings, notices and practice guidelines affecting compliance of your clients / employer / company. 

• Updated IRBA South African Auditing Practice Statement and related matters. 

• SAICA requirement (guide) dealing with the retention of records as well as other related guidance notes.  

• SARS enhancements to tax types, updating of eFiling guides, claiming home office expenses and updated interpretation note on wear-and-tear allowance. 

Content      

The webinar will cover the following topics:   

SARS:  

• Enhancements issued regarding various tax types. 

• Updated schedule of write-off periods acceptable to SARS -  Binding General Ruling and Interpretation Note on Wear-and-tear or depreciation allowance. 

• Updated eFiling guides for various tax types. 

• Guidance on claiming Home Office Expenses. 

CIPC:  

• Notice re Solvency and liquidity test. 

• Notice re Close Corporations without Accounting Officers. 

• Notice and Practice Guideline re Independent Review & Reportable Irregularities. 

IRBA:  

• Updated SAAPS 3 (Revised May 2019) - Illustrative Reports. 

• Plans for a separate standard on the Audits of Less Complex Entities. 

• IRBA 2020 Public Inspections Report. 

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

Other updates:  

• New Extension of PAIA Manual exemption. 

• POPIA and Information Regulator - Guidance Note on Information Officers, and other guidance notes issued. 

• National minimum wage increased – effective from 1 March 2021. 

• New Employee earnings threshold effective from 1 March 2021. 

• New OHS direction with regard to vaccination in the workplace. 

• Updated SAICA Retention of records guide. 

  The webinar will cover the following topics:   

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  

Lettie Janse van Vuuren CA(SA), RA

Lettie is a Chartered Accountant, Registered Auditor, as well as an Assessor and Moderator. She joined SA Accounting Academy in November 2017 as Head of Technical. As a professional trainer and webinar host, she is able to hold the attention of an audience with her relaxed and humorous presentation style.  She has a unique ability to communicate with delegates at their respective levels of knowledge and experience.  Over the last 20 years, she has trained thousands of partners, managers, trainee accountants and other professionals.   

She is responsible for researching, compiling and presenting our MCLU (Monthly Compliance and Legislation Updates). She was the Professional Development Manager at SAICA for 4 years and in charge of accrediting new training offices and monitoring existing ones (including the moderation of training offices and trainee assessments).  

  Who should attend?   

   The following persons will benefit from attending this webinar:   

• Professional Accountants including: RA(SA), CA(SA), PA(SA) and BAP(SA); 

• Accounting officers; and 

• Trainee Accountants.  

Price             

• R 475.00 - Online admission - Individual.  

• R 950.00 - Online admission - Company.   

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:  

• Summarised slide presentation;  

• Detailed course material; 

• Source documents for reference/resource library; and   

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