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Reporting Engagements 2021

Overview Accountants, Accounting Officers, and Independent Reviewers prepare working papers when they perform a compilation, agreed-upon-procedure, or review engagement. These engagements are either required by a statute or the engagements can also be performed as a voluntary engagement for smaller Companies, Close Corporations, Trusts, Schools, Partnerships and Sole Proprietors. Join Jako Liebenberg CA(SA), as he provides an overview and practical application of the framework and standards applicable to each engagement type: ISRS 4410 for assisting clients to prepare financial statements (compilation) ISRS 4400 for issuing an accounting officer report on the financial statements (agreed-upon-procedure). ISRE 2400 for issuing an independent review report for qualifying companies or review report for other entities. Learning objectives By the end of this event the participant should: Understand the difference between the various engagement standards Understand the common law, contract law and statutory law obligations when performing an engagement. Understand independence as it relates to each type of engagement and other ethical considerations. Be able to accept, perform and complete the different type of engagements. Content The webinar will cover the following topics:  Independent Review vs Audit vs Agreed-upon-procedure vs Compilation. Who can perform the different types of engagements Who regulates the different types of engagements Calculating the PIS. The structure of the standards that should be applied and recent amendments. What the standard requires related to accepting, performing, completing and reporting under each engagement type. Common law, contract law, statutory law requirements for each engagement type. Code of conduct and Quality control requirements.

4 Hours | R575.00
Jako Liebenberg

Focus on safe guards and latest industry update (POPI)

Overview     TheProtection of Personal Information Act of 2013 (POPIA), commenced on 1 July 2020, and requires all businesses (including employers) that process personal information, to ensure that the necessary measures are in place to im plement, prove and monitor compliance by 30 June 2021. Our focus in 2021 with the remainder of this webinar series is how tosecure your data and meet regulatory requirements. This will provide vital information to assist you in complying by the deadline.In this 9thwebinar in the series, we will focus on safeguards and the latest industry updates. If you have missed our earlier sessions, or would like more information on the remainder of future webinars,please clickhere to see the entire series. Learning objectives      By the end of this event the attendee should:   Know how to store, transfer/share and delete data safely; Be aware of solutions and alternatives to financial services challenges; Be able to assess whether their office space data is secure; Be aware of mobile phone security measures – e.g. instant messaging risks (WhatsApp, Telegram, etc); and Understand the case study of non-compliance. Content     The webinar will cover the following topics:   Safely storing, sharing and deleting data. Financial services challenges and their solutions. Ensuring data safety. Securing office space data. Mobile phone security. Non-compliance case study. Access to POPIA data specialists.

2 Hours | R475.00
Karabo Lethlaku , Lettie Janse van Vuuren

Heightened Risks of Fraud and Other Illicit Activities during COVID-19

Overview     We are all painfully aware that many entities and their stakeholders are experiencing financial, operational and personal difficulties. Due to the pressures and significant uncertainty associated with the pandemic, entities ar e exploring avenues to remain as going concerns, keep operational stability, and drive sustainability and growth in the longer term. Those avenues might create opportunities for illegal and fraudulent activities. This webinar highlights the heightened risks of fraud arising from the disruptive and uncertain COVID-19 environment (including considerations for auditing Financial Statements) and the implications for both professional accountants in business and in public practice, including auditors and accountants in government. IRBA (the South African Independent Regulatory Board for Auditors), IESBA (International Ethics Standards Board for Accountants) and the IAASB (International Auditing and Assurance Standards Board) have jointly published a staff alert on this topicas a guidance and support tool. This webinar is complemented by an IESBA Staff Publication -COVID-19 and Evolving Risks for Money Laundering, Terrorist Financing and Cybercrime.Lettie has already presented a webinar on this document on 23 February 2021 – which is available to you as a webinar on demand. Learning objectives      By the end of this event the attendee will:   Understand how COVID-19 has created opportunities for increased fraud and other illicit activities; Understand the fraud triangle and know examples of opportunities for fraud to be perpetrated; Understand how the International Standards can help; Understand the implications on auditing Financial Statements; and Be aware of some important reminders for accountants to remember in future. Content     The webinar will cover the following topics:   Introduction. The Fraud Triangle: Some examples of opportunities for fraud to be perpetrated. How can the International Standards help? The application of the Code’s Conceptual Framework. NOCLAR. Inducement including Gifts and Hospitality. Pressure. Auditing Financial Statements and the increased risk of Fraud. Fraud Risk. Planning and Performing the Audit. Communicating with Management and TCWG (those charged with governance). Professional Scepticism. What now? Some important reminders for accountants.

2 Hours | R475.00
Lettie Janse van Vuuren

Immigration Accounting

Overview The Revised International Standard on Related Services (ISRS) 4400 was released on 3 April 2020. The purpose of this standard is to provide guidance on Agreed-upon Procedures (AUP) engagements. AUPs fall within the ambit of immigration accounting - a service that is steadily growing.Immigration accountants perform the important role of issuing certificates required by foreign investors to successfully apply for Business Visas with the Department of Home Affairs. Maya Nikolova BAP(SA), MTP(SA), B Com Accounting, PG Dip Taxis an expert in this sphere and we have invited her to present a webinar on what is involved in immigration accounting as well as how one can become a licensed immigration accountant. Learning objectives By the end of this event the participant should: Understand the requirements of the Immigration Act; Know the role of qualifying accountants in Business Visa applications; Understand the requirements of ISRS 4400(Revised)on AUP engagements; UnderstandtheCritical Skills Visa and the gig economy in the post COVID-19 world – the South African perspective;and Know how to become a licensed Immigration Accountant. Content The webinar will cover the following topics:  Section15 and Regulation 14 of the Immigration Act No. 13 of 2002. ISRS 4400 (Revised) – release date 3 April 2020: Review of Basis for Conclusions: ISRS 4400 (Revised). Introduction. Objectives. Definitions. Requirements. Application and other explanatory material; Engagement letter for an AUP engagement; Agreed-Upon Procedures reports; Code of Conduct and Quality control; Critical Skills Visa and the gig economy in the post Covid 19 world – the South African perspective; Other services to provide to Business Visa holders.

4 Hours | R575.00
Maya Nikolova

Exploring Ethics (The IESBA Code) - Part 6

Learning objectives      By the end of this webinar the attendee will:   Have a better understanding of role and mindset expected of professional accountants; Understand what the key changes to the Code of Conduct is for the role and mindset revisions; Understand how the Code’s building blocks fit together for a PAIB and a PAPP; Understand howto use the Code’s conceptual framework, together with the principles, to provide a strong foundation for ethical decision-making; and Be able to use and navigate the Code so as to quickly identify and access the ethics and independence standards and guidance relevant to the user. Content     The webinar will cover the following topics:   Overview & introduction. Role and mindset expected of professional accountants. Why the role and mindset revisions were made. Outcomes the revisions seek to achieve. Key changes to the Code of Conduct. IESBA documents issued. Final pronouncement. Basis for Conclusions. The Code’s building blocks. How to use the Code’s conceptual framework.

2 Hours | R475.00
Lettie Janse van Vuuren

IFRS for SME Update 2019 - Webinar Recording

IFRS for SME Update Presenter: Caryn Maitland CA(SA) Learning objectives: By the end of this event the participant should: Understand the key differences between IFRS and IFRS for SMEs. Have working knowledge of IFRS for S MEs. Understand how to apply the Standard to special circumstances. Discuss common problems, challenges and considerations. Identify opportunitiesto add value to your clients through adopting IFRS for SME's. Content: The webinar will cover the following topics:  The background and development of IFRS for SMEs; Scope and objectives of the Standard; Responsibilities of a compiler vs an assurance provider; Pervasive principles and elements of financial statements; Presentation of financial statements and first-time adoption transition; Accounting for: PPE, investment properties and intangible assets; Inventories and biological assets; Impairment, leases, forex transactions and deferred tax; Government grants and borrowing costs; Financial instruments, business combinations and goodwill; JVs, associates and share-based payments; Provisions and contingencies; Employee benefits and related parties; Revenue and events after reporting date. Common problems, challenges and considerations.

4 Hours | R575.00
Caryn Maitland
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