Your Role in the BEE Verification Process


Date: Mar 27, 2018 - Mar 27, 2018

CPD hours: 2 Hours

Time: 09:00 - 11:00

Event Type: Webinar

Presenter: Paul Janisch
Managing Director

A BEE verification is a complicated process with a number of documents that need to be provided for the verification. Many of these documents need to come from accountants and accounting officers. The webinar will go through the types of documents that an accountant might be required to present at each stage of the verification and the format that they should be presented in. We will go through t...

Overview

Various companies and their advisors are being probed by the B-BBEE Commission for violation of the B-BBEE Act and failure to comply with the Codes of Good Practice contained in the Act. Areas of investigation include fronting and whether the implementation of employee trusts involving black ownership meets ownership requirements and complies with the Act.

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, accountants need to be experts in empowerment regulation and be comfortable with the complicated verification steps it requires. In this webinar, Paul Janisch take attendees through the rules and processes and specifically discuss the documents that that accounting officers need to provide. 


Learning objectives 

 The objective of the course is to provide the delegate with

  • An overview of the types of documents that an accountant might be required to present at each stage of the verification process and the format that they should be presented in.
  • 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:

  • Why a BEE level 4 is not good enough. Companies turning over less than R50m with at least 51% black ownership are automatic level 2s. What are the implications of such restructuring?
  • Presentation of accounts for verification. Management accounts vs audited accounts – both are acceptable for now. Changing measurement periods for maximum benefit. 
  • Ownership – affidavits, documents, valuations are all important
  • Procurement – how this is calculated using the income statement and balance sheet 
  • Enterprise and supplier development. Supporting documentation
  • Keeping that Commissioner of Oaths stamp handy

Obtaining your CPD certificate

Earn a recognised CPD certificate from the SA Accounting Academy. On completion of this webinar you will earn a CPD certificate to claim CPD hours from your professional body. This provide powerful proof of your new competencies and use it to set yourself apart from the rest and get recognised in the job market.
 
Attendance of this two-hour webinar will accrue 1 hour CPD for members of a relevant professional body such as ACCA, SAICA, AAT, SAIPA, SAIBA, IAC, CIS, ICBA, LSSA, FPI, and the IBA. 
 
Complete the free online assessment at the end of the event and receive an additional 2 CPD hours.


Who should attend

The following persons will benefit most from the course:

  • Business Accountants
  • Accounting officers
  • Company directors
  • HR Managers
  • Employees preparing the B-BBEE file for verification

Investment

This webinar is not part of any CPD package and is available at the affordable price of R399. You will be able to watch the webinar live on the day as well as having lifetime access on demand from your profile.


Venues & Dates

The following venues and dates are available for this event.

SAIBA

Event presented in collaboration
with SAIBA

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