CATEGORIES
- (4) Negotiating Tax Debt and Payment Arrangements with SARS
- (2)Account / Profile
- (551)Accounting
- (2)Accounting and Finance
- (29)Audit
- (156)Auditing and Assurance
- (1)Business
- (1)Business Management
- (3)Business Rescue
- (102)CIPC
- (7)Compliance
- (18)Ethics and Professionalism
- (46)Financial Reporting
- (1)Government Funding Applications
- (4)Guides
- (1)Individuals Tax
- (28)Law
- (37)Legal and Compliance
- (2)Management
- (13)Miscellaneous
- (29)Money Laundering
- (1)Personal & Professional Development
- (2)Practice Management
- (2)Professional Ethics
- (3)Public Sector
- (145)Regulatory Compliance and Legislation
- (41)SARS Issues
- (29)Sustainability Reporting
- (42)Tax
- (1)Tax Update
- (9)Technology
- (1)Wills, Estates & Trusts
- Show All
Explanatory Commentary on Body Corporate Template – Illustrative AFS
- 04 May 2023
- Accounting
- South African Accounting Academy
It contains references to pages, and sets out the purpose and/or requirements of relevant items.
It refers specifically to the Illustrative example of Annual Financial Statement for a Body Corporate that was published by SAICA earlier this year.
Click here to download the Explanatory Document:
Relevance to Auditors, Independent Reviewers & Accountants:
- As an auditor and independent reviewer, you need to consider whether the financial statements comply with the relevant IFRS for SMEs. If not, you should amend your opinion or conclusion accordingly.
- As a compiler, you need to compile the financial statements comply with the relevant IFRS for SMEs.
- You will need to advise your body corporate clients accordingly.
Relevance to Your clients:
- All body corporate clients need to compile the financial statements comply with the relevant IFRS for SMEs – to ensure that the correct financial reporting framework is used.
To stay current with all the latest changes and updates subscribe to our Monthly Compliance and Legislative Update series for R 250.00 per month. This gives you access to a monthly 2-hour webinar and monthly newsletter:
https://accountingacademy.co.za/profession/monthly-legislation-update
Get all your CPD online. SA Accounting Academy (SAAA) offers Subscription Plans, Live Webinars, Webinars On-Demand, Access to Experts, Courses, Articles and more:
https://cpd.accountingacademy.co.za.