Overview   
The B-BBEE Commission is investigating many entities for violation of the B-BBEE Act relating to B-BBEE ownership structures and non-compliance with the Codes of Good Practice in respect of the verification process. Prevalent is the issue of fronting and non-compliance with the implementation of employee trusts.  

It is important to note that entities found guilty may be fined up to 10% of their annual turnover while individuals can be fined or be imprisoned for up to 10 years. Guilty entities can also be barred from doing business with the government and SOCs.  

Attend this webinar and get fully informed about how to effectively help your clients to tick the right boxes on the B-BBEE scorecard and offer advisory services that fall within the scope of the law.  B-BBEE expert Yugen Pillay will take you through the documents and verification processes that will guide you towards becoming an expert yourself.  

Learning objectives  
By the end of this event the participant should understand: 

• The type and format of documents required during the BEE verification process.

• An understanding of the presentation of accounts and where these fit in in the verification process.  

• A discussion around an accountant or auditor’s involvement in the process. 

• A breakdown of the elements which are vital to the process for accounting officers, excluding an opinion on management/control or skills development. 

• The process involved in restructuring a business to reach various levels of BEE compliance. 

Course content  

The webinar will cover the following topics in detail:  

• BEE levels and what they mean. 

• BEE verification processes. 

• Implications of restructuring to +51% black ownership? 

• Presentation of accounts - management accounts vs audited AFS; 

• Ownership – affidavits, documents, valuations are all important; 

• Procurement – how this is calculated using the income statement and balance sheet; and 

• Enterprise and supplier development - supporting documentation.

Obtaining your CPD certificate 

Attendance of this 2-hour webinar will accrue 2 CPD hours for members of a relevant professional body such as ACCA, SAICA, AAT, SAIPA, SAIBA, IAC, CIS, ICBA, LSSA, FPI, and the IBA. The SAAA CPD policy is compliant with IFAC IES7 and is recognised by SAICA, AAT, SAIPA, SAIBA, IAC, CIS and others. 

Complete the free online assessment at the end of the event and receive an additional 1 CPD hour. 

About the presenter 

Yugen Pillay 

Yugen Pillay has over 14 years accounting experience in different corporate companies as well as accounting firms. He has worked for ABSA bank, Osris Trading, PricewaterhouseCoopers, Ai-Quadri Manufacturing and SizwentsalubaGobodo.  Currently he is  Associate Director heading the Economic Transformation Services at SizwentsalubaGobodo.  

Yugen specialises in helping pilot BEE entrepreneurs to successfully start off, maintain and grow their business. He has headed up various teams on a broad spectrum of assignments ranging from forensic audits to the establishment and outsourcing of accounting services to clients.  

Who should attend 

The following persons will benefit from attending this webinar: 

• Bookkeeping practitioners; 

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

• Tax practitioners; 

• Practice support staff. 

Price:       

• R 399.00 - Online admission - Individual. 

• R 699.00 - Online admission - Company. 

• Choose Individual if you would like to attend this event yourself or choose Company if you would like to share this event to with your entire firm. 

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

  • Click here to create a profile and then register for the event (There is no charge to create a user profile and gain access to our free Monthly Practice Management Series).

Additional material  

By attending this webinar you will be provided with: 

• Summarised slide presentation,  

• Detailed course material and reference documents.   

• You can ask questions during the webinar via the online portal, and you will also have access to me the presenter via e-mail after the webinar.