Annual Update: Companies Act
Presenters : Edith Wilkins
Overview
The Companies Act, 2008 provides for the incorporation, registration, organisation, management and capitalisation of companies. This Act also defines the relationships between companies and their shareholders and directors/members.
The CIPC has its primary institutional mandate derived from the Companies Act. Among other functions, it is also responsible for the following:
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Enforcement of legislation; and
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Monitoring of compliance with financial reporting standards by registered companies.
The purpose of this webinar is to discuss an overview of the Companies Act as well as recent amendments that have been made to it. Also under discussion will be the CIPC's powers and how these powers affect the work of the accountant.
Competencies developed in this webinar
By the end of this event the attendee should:
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Understand a broad overview of the Companies Act;
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Understand the main purpose of the Act;
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Understand specific parts of the Act that directly affect the accountant's work;
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Understand different stakeholders' roles, responsibilities and liabilities; and
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Know how the CIPC enforces the Act and monitors compliance with financial reporting standards.
Content
The webinar will cover the following topics:
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The Companies Act - an overview.
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Stakeholders' roles, responsibilities and liabilities.
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Recent updates to the Act.
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Who is the CIPC?
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Understanding the CIPC's regulatory powers.
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Corporate governance, transparency and accountability.
