Reminder: Online EE submissions

06 September 2022
Accounting
South African Accounting Academy

Designated employers with less than 50 employees are advised to hold back on their submission in anticipation of the publishing of the Employment Equity Amendment Bill, which will amend the definition of “designated employers”.

The Employment Equity Amendment Bill has been signed into law, but has not yet commenced.

Relevance to Auditors, Independent Reviewers & Accountants:

The Employment Equity Act is yet another piece of legislation that your clients must comply with, and which you must assess compliance with. If they don’t comply with the relevant laws and regulations, you have certain reporting obligations in terms of NOCLAR (NOn-Compliance with Laws And Regulations) – this could include reporting to management, qualifying your audit opinion, reporting a Reportable Irregularity, etc.
As an auditor and independent reviewer, or an accountant, you need to consider whether your client is a “designated employer” who should then submit their Employment Equity reports accordingly.
If you meet the definition as a “designated employer”, you also need to comply with the Employment Equity Act in your workplace

Relevance to Your clients:

An entity who is regarded as a “designated employer” has a duty to comply with the Employment Equity Act, and directors have to fulfil their duties accordingly, otherwise they could be held liable.

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