Financial Reporting
2018 - Reporting Engagements Accounting Officer Review And Compilation
CPD Hours: 4
Price: R399.00
Title / Topic
2018 - Reporting Engagements Accounting Officer Review And Compilation
Overview
Recently, the STSMA introduced changes surrounding the audit of sectional title schemes. Accounting officers are no longer allowed to sign off annual financial statements of sectional titles. This seminar will cover this subject and many others as outlined in the course content.
In 2017 the Southern African Institute of Business Accountants (SAIBA) published an updated guide for accounting officers titled "Guide to Accounting Officer Reporting Engagements". This event will give you 2018 updates to the contents.
Learning objectives
By the end of the seminar/webinar you should:
- Understand the reporting requirements of the following acts:
- Close Corporations Act, 1984;
- Sectional Titles Schemes Management Act, 2011;
- Non-Profit Organisations Act, 1997;
- South African Schools Act, 1996; and
- Companies Act, 2008;
- Understand the risks and liabilities of accountants and accounting officers;
- Understand the difference between assurance and non-assurance engagements;
- Understand the key requirements of professional standards;
- Be able to apply the standards to each phase of the engagement;
- Have practical tools to assist in such engagements;
- Know how to make engagements more effective and efficient; and
- Understand the link between risks, controls and engagement approach.
Course content
- Overview of legislation that requires a professional to report on financial affairs of various types of entities;
- The type of reporting engagements that can be performed by accountants in practice, accounting officers and independent reviewers;
- The standards to use when performing accounting officer reporting engagements;
- What to do as accounting officer when your client doesn’t pay his tax;
- Recent notices issued that might affect the accounting officer's work;
- Reporting requirements related to:
- Sectional Titles, EME BBBEE certificates, immigration regulations and cooperatives; and
- Recapping accounting officer duties – what you should and shouldn't do.
