Overview  

The CIPC requires that independent reviewers and auditors report an identified reportable irregularity directly to them. There are different definitions of a reportable irregularity for independent reviewers and auditors. The purpose of this webinar is to clearly explain what constitutes a reportable irregularity under Regulation 29 of the Companies Act for independent reviewers and Section 45 of the Auditing Profession Act for auditors.

Technical expert Lettie Jansen van Rensburg CA(SA), RA will present a highly informative webinar covering the following topics:

• Definition of a reportable irregularity.
• Obligation to report irregularities.
• Effect of a reportable irregularity on engagement outcome.
• Professional responsibilities.
• The IRBA guide on reportable irregularities. 
• The CIPC guidance on reportable irregularities and independent reviews.

Learning objectives 

Attendance to this webinar provides participants with an understanding of:

• When to do an audit vs an independent review.
• What is a reportable irregularity?
• The statutory obligation to report irregularities.
• How reporting an irregularity affects the engagement outcome.
• What IRBA and CIPC say about reportable irregularities. 

Course content 

The following topics will be covered in detail: 

• Audit vs independent review
  • Categories of companies to be audited:
    • Public companies SOCs, Private companies and NPOs.
  • Independent reviews apply to companies that:
    • Are owner-managed
    • Are not voluntarily audited or
    • Are not required to be audited.
• Definition of a reportable irregularity.
• Obligation to report.
• How to report and format of reports.
• Illustrative letters that can be used to report. 

Obtaining your CPD certificate

Attendance of this 2-hour webinar series 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.

Who should attend

The following persons will benefit from attending this webinar:

• Registered auditors, RA(SA).
• Accountants in Practice: CA(SA), PA(SA), BAP(SA), ACCA, CIMA, IAC, AGA(SA), CIS, ICBA. 
• Tax practitioners; 
• Accounting officers; and
• Business owners.

Price:

• R 399.00 - Online admission - Individual
• R 699.00 - Online admission - Company
• Choose Individual if you would like to attend this event yourself. Choose Company if you would like to broadcast this event to your entire firm.