Monthly Accountants Tech Talk: Dispute Resolution and Our Responsibilities
CPD Hours: 3
Price: R500.00
Monthly Accountants Tech Talk: Dispute Resolution and Our Responsibilities
Presenters : Carmen Westermeyer CA(SA) , Caryn Maitland CA(SA)
Overview
When an accounting practitioner goes about their business, there will often be instances where errors will be detected, either by the practitioner, client, or other parties. Alternatively, there may be disputes as to what the correct value is, or course of action is.
Our code of conduct raises this issue through various elements such as due diligence, professional behaviour and managing any potential non-compliance with laws and regulations. We always need to manage the risk of advocacy, self-review or potentially self-interest threat. A common area of where accounting practitioners are asked to assist clients is in negotiating their responsibility with SARS, or a new practitioner detecting errors in prior year financials. Under these circumstances a practitioner needs to consider their responsibility with respect to restating prior year financials, potentially recalling issued financials or assisting their clients to negotiate the liabilities.
Learning objectives and competencies developed
By attending this webinar you will develop the following competencies:
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Maintain up-to-date knowledge of relevant legislation and guidelines for practical application.
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Consideration of various examples where practitioners may encounter errors and require financial information to be restated.
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Practical application of IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors.
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Be able to follow through the process of recalling issued financial statements when required.
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Know the appropriate channels to follow for the various stages of a dispute resolution process with regulators like SARS.
Content
The webinar will cover the following topics:
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IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors.
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Our Code of Professional Conduct.
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Dealing with fundamental principles potentially threatened.
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A guide to dispute resolution.
