Accountants' Discussion Forum: Accounting and Assurance relating for Body Corporates
CPD Hours: 2
Price: R380.00
Accountants' Discussion Forum: Accounting and Assurance relating for Body Corporates
Presenters : Carmen Westermeyer CA(SA) , Caryn Maitland CA(SA)
Overview
A body corporate has unique accounting requirements that include financial reporting, budgeting, and the management of levy contributions. Understanding the essential financial practices specific to this type of entity is crucial for effective management.
In addition to accounting practices, the webinar will discuss assurance services (audits and independent reviews). These services play a crucial role in maintaining accountability and providing stakeholders with confidence in the financial health of the organisation.
Join our experts Caryn Maitland CA(SA), Carmen Westermeyer CA(SA) and Chantel Elliot CA(SA) as they equip you with the knowledge to manage and oversee the financial operations of a body corporate effectively while ensuring that trustees and managing agents fulfil their fiduciary responsibilities.
Learning objectives and competencies developed
Through real-world case studies, practical examples, and an in-depth analysis of the latest regulatory developments, this webinar will equip you with the following competencies:
-
Analyse the implications of the Sectional Title Management Rules on financial reporting and learn how these rules influence the roles and responsibilities of accountants, auditors and trustees.
-
Know the key components that must be included in the financial statements as well the accounting principles specific to a body corporate.
-
Learn the assurance requirements applicable to a body corporate and how these requirements differ based on public interest considerations.
-
Identify key compliance requirements including statutory deadlines and disclosure obligations as well as the consequences of non-compliance for trustees and other stakeholders.
-
Understand what the purpose and requirements are regarding the Reserve Fund and Maintenance, Repair and Replace Plan.
Content to be discussed
The following topics are under discussion for this month:
-
Sectional Title Management Act and Rules.
-
Auditor's responsibility with respect to S45 of the Auditing Professions Act - Reportable Irregularities.
-
Companies Act with respect to Non-Profit Companies where appropriate.
