Monthly Compliance and Legislation Update - August 2022


CPD hours: 2 Hours

Price: R380.00

Video Type: Single

Presenter: Caryn Maitland CA(SA)
Owner, Maitland & Associates

Compliance

Compliance
...

Monthly Compliance and Legislation Update - August 2022

CPD Hours: 2

Price: R380.00


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Title / Topic

Monthly Compliance and Legislation Update - August 2022

Presenters : Caryn Maitland CA(SA)


Overview   

Accountants and auditors must stay informed about changes in legislation and regulations that affect their firms and the business of their clients.  

Technical expert Caryn Maitland CA(SA) researches and summarises all relevant and important changes on a monthly basis and presents this in an easily understandable webinar.  

The webinar includes:  

  • A reference guide of all changes to share within the firm;  

  • PPT summary of all new amendments; 

  • Interactive session with the presenter; and 

  • Online Q&A. 

 


Learning objectives

  After attending this webinar you will: 

  • Be aware of the latest legislative changes and what it means for your business, practice, and your clients; 

  • Be able to inform your staff and clients on how to stay compliant; 

  • Adapt business models to fit new legislative landscapes; 

  • Receive references to documents and guides;  

  • Have access to your own technical resource; and  

  • Have access to the presenter via email for follow-up Q & A. 


 Course content  

The following legislative, regulatory, industry standards, items and guides have been issued and/or updated during the preceding month and will be covered in the webinar: 

IFRS: 

  • Standards – What’s new? 

    • IFRS Monthly news summary 

    • Feedback from the IFRS Advisory Council meeting 

  • Accounting issues 

    • Accounting for cryptos - still a talking point! 

  • Sustainability Reporting 

    • IFRS: ‘MOU with the Global Reporting Foundation’ 

IRBA: 

  • Standards:  

    • ISA 220 (Revised) - definition of an engagement team fact sheet 

  • Legal/Ethics:  

    • IESBA Expands the Definition of Public Interest Entities and the Implications for South Africa 

    • Report on IESBA’s accomplishments – Elevating Ethics and Independence Standards in a complex world 

  • Other: 

    • Report: IRBA issues Conforming and Consequential Amendments to the Other International Standards 

    • IAASB LCE Conference takeaways 

    • Audit Quality Indicators (AQIs): a global overview of initiative - factsheet 

    •  ESG governance: recommendations for audit committees 

CIPC: 

  • Notices and Practice Notes issued (Enforcement and to customers): 

    • Admin Independent Review Practice Note 3 of 2022 

    • CIPC Notice 13 of 2022 - CIPC link with DHA has been restored 

  • Articles: 

    • SAICA: FAQs for members and associates relating to the Companies Act 

Labour Law: 

  • Employment law: 

    • Interim suspension of UIF Compliance Certificate requirement for doing business with government, SOEs etc.  

Other Laws & Regulations affecting your client AND impact on NOCLAR: 

  • This month’s big 5: 

    • The latest SAICA Legal Update has been released and it covers relevant national laws up to 30 May 2022: 

      1. The Civil Aviation Act: Amendment Act 2021 

      2. The Electronic Communications Act: End-users and subscriber service charter 

      3. The Financial Sector Regulation Act: Introductory commissions 

      4. The Long-term Insurance Act and Short-term Insurance Act: Demarcation regulations benefit escalations 

      5. The Occupational Health and Safety Act: Commercial diving regulations 2022. 

Other acts and articles: 

  • Amendments to the JSE Listings Requirements 

  • Financial Sector Regulation Act: Introductory commissions Information request 4 of 2022 

  • Draft Magistrates Bill 

  • National Health Act: Notifiable conditions 

  • Non-profit Organisations Act: Draft Amendment Bill 2021  

SARS: 

  • Refer to April and May 2022 Maitland and Associates Tax Newsletter distributed to attendees.  

Regulator news: 

  • SAIBA 

    • Accounting Weekly Newsletter  

    • CFO Talks 

  • CGSO (Consumer Regulator) 

    • 1st Quarter Newsletter (April to June 2022) 

  • Competitions Commission 

    • CompuTicket agrees to pay R11.3M as a second fine for alleged abuse of dominance 

    • Commission meets with airlines 

    • Commissions Decisions from May 2022 

  • FIC Advisory & Guidance 

    • FIC Warms of Scam notices using its name 

  • Companies Tribunal 

    • Name disputes (3 granted 1 refused) 

    • Director disputes (2 granted 2 refused) 

    • Exemptions (2 granted) 

    • AGM (1 granted) 

    • Other matters dismissed 

  • Property Practitioners Board 

    • Extension of deadline to submit financials (4 months to 6 months) 

  • SARS 

    • Change in Tax Practitioner CPD requirements 

  • LPC:  

    • LPC welcomes Ombud 

  • SAICA 

    • Protection of Personal Information Act (POPIA) guide released 

    • Fact Sheet 1 – Overview of the 8 conditions of the POPI Act 

    • Fact Sheet 2 – Understanding Data Subjects Rights 

    • Fact Sheet 3 – Direct marketing: staying on the right side of the law 

    • Fact Sheet 4 – Basic security information checklist for small low risk owners  

General Announcements / News Releases: 

  • Media articles and other thoughts:  

    • Debt management - When does the clock for prescription start? 

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