A Practical Guide to Beneficial Ownership for Accountants
CPD Hours: 1
Price: Complimentary
A Practical Guide to Beneficial Ownership for Accountants
Presenters : Bonita Kujinga
Overview
Understanding Beneficial Ownership has become an essential compliance responsibility for accountants advising companies in South Africa. With the Companies and Intellectual Property Commission (CIPC) requiring companies to submit and maintain accurate Beneficial Ownership information, practitioners must be able to identify beneficial owners, interpret ownership structures correctly, and ensure ongoing compliance with legislative requirements. Failure to comply may result in administrative penalties, restrictions on CIPC services, and increased risk of company deregistration.
Join Bonita Kujinga as she provides a practical guide to Beneficial Ownership for accountants. This intermediate-level webinar will explain the legislative framework, demonstrate how to identify beneficial owners across various ownership structures, and provide practical guidance on filing Beneficial Ownership information through CIPC's InfoDocs platform. Attendees will also gain practical strategies for maintaining ongoing compliance and reducing regulatory risk for both their organisations and clients.
Learning objectives
Attending this webinar will equip you with the following skills:
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Understand the legislative framework and purpose of Beneficial Ownership reporting.
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Identify entities and individuals required to comply with CIPC Beneficial Ownership requirements.
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Analyse and interpret different ownership structures to accurately determine beneficial owners.
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Apply practical filing procedures and ongoing compliance obligations using CIPC InfoDocs.
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Reduce compliance risks by implementing best practices for managing Beneficial Ownership information.
Content
The webinar will cover the following topics:
- Beneficial Ownership Fundamentals
- Definition and legislative purpose
- Filing requirements
- Who must comply
- Consequences of non-compliance
- Working Through Ownership Structures
- Basic ownership structures
- Juristic entities explained
- Understanding beneficial interests
- Practical ownership calculations
- Filing and Ongoing Compliance
- Record-keeping requirements
- Live InfoDocs filing demonstration
- Post-submission obligations
- Best practices for managing compliance
