Companies Act Compliance for Accountants, Company Secretaries and Directors
CPD Hours: 2
Price: R450.00
Companies Act Compliance for Accountants, Company Secretaries and Directors
Presenters : Edith Wilkins
Overview
The Companies Act, 2008 assigns specific compliance responsibilities to individuals who are appointed as accountants, company secretaries and directors of registered companies. These three groups of stakeholders perform vital duties that need to be clearly understood.
Accountants are responsible to draft compliant financial statements and need to be able to assess reporting requirements in terms of NOCLAR. Directors are responsible for promoting the success of the company by ensuring compliance with laws and regulations and acting in good faith, and in the best interest of the company. The company secretary has among others, the responsibility to lodge statutory documents, report on governance in the annual report, and fulfill a custodian role over legal documents.
Learning objectives
By attending this webinar you will develop the following competencies:
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An applied knowledge of the rights, obligations, and responsibilities prescribed by the Companies Act applicable to accountants, company secretaries and directors.
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Assess specific parts of the Companies Act that directly affect the professional engagements of accountants and company secretaries.
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Working knowledge to lodge the various statutory documents with the CIPC.
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Be aware of how the CIPC and professional bodies monitor compliance and the consequences for non-compliance.
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Be able to provide advice and guidance to your clients on various requirements of the Act.
Content
The webinar will cover the following topics:
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CIPC and the Companies Act.
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Functions.
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Organisational structure.
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Designated officers.
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The composition of a company.
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The memorandum of incorporation (MOI) and shareholders agreements.
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Alterable provisions.
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Registered office.
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Directors.
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Composition of the board.
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Duties & responsibilities.
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Liability.
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Disqualification.
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Directors’ meetings and resolutions.
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Appointment of directors.
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Resignation and removal of directors.
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Board Committees.
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Audit Committee.
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Requirement to appoint audit committee.
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Duties & responsibilities.
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Social and Ethics Committee - Duties & responsibilities.
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Solvency and liquidity test.
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When is it required?
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Who is responsible?
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Accountants and auditors.
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Requirement to appoint an auditor.
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Duties.
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Appointment, resignation & removal.
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Accounting records.
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Audit and independent review.
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Annual duties.
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Who must comply?
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Information required.
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Fees and penalties.
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Compliance checklist.
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What is it?
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Why implemented?
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Who must comply?
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What happens if false information is provided?
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How to rectify incorrect CIPC records.
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Public Officer - Appointment and duties.
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Company Secretary.
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Requirement to appoint a company secretary.
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Duties of the company secretary.
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Keeping of company records.
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Access to statutory records.
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