Grow your Practice - Immigration Accounting
Presenters : Maya Nikolova
Overview
Immigration laws are back in the spotlight. The Immigration Act No. 13 of 2002, was amended on the 29th of November 2018. Section 15 and Regulation 14 of the Act states the requirements for an investing foreigner to obtain a Business Visa.
Immigration accountants perform the important role of issuing certificates required by foreign investors to successfully apply for Business Visas with the Department of Home Affairs. This role requires the accountant to adhere to guidelines provided by the International Standard on Related Services 4400 (ISRS 4400) on how to perform agreed-upon procedure (AUP) engagements. The revised ISRS 4400 was released on 3 April 2020 and is effective for AUP engagements for which the terms of engagement are agreed on or after January 1, 2022.
Learning objectives
Competencies developed in this CPD:
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Understand the requirements of the Immigration Act.
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Know the role of qualifying accountants in Business Visa applications.
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Understand the requirements of ISRS 4400 (Revised) on AUP engagements.
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Understand the Critical Skills Visa and who qualifies for it.
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Know how to become a licensed Immigration Accountant.
Content
The webinar will cover the following topics:
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Section 15 and Regulation 14 of the Immigration Act No. 13 of 2002.
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ISRS 4400 (Revised) – release date 3 April 2020:
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Review of Basis for Conclusions: ISRS 4400 (Revised).
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Introduction.
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Objectives.
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Definitions.
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Requirements.
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Application and other explanatory material.
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Engagement letter for an AUP engagement.
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Agreed-Upon Procedures report.
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Code of Conduct and Quality control.
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Critical Skills Visa and qualifying criteria.
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Other services to provide to Business Visa holders.
