Monthly Compliance and Legislation Update - May


CPD hours: 2 Hours

Price: R380.00

Video Type: Single

Presenter: Lettie Janse van Vuuren CA(SA)
CA (SA), Registered Auditor

Compliance

Compliance
...

Monthly Compliance and Legislation Update - May

CPD Hours: 2

Price: R380.00


Back
Title / Topic

Monthly Compliance and Legislation Update - May


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 Lettie Janse van Vuuren 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: 

 

Accounting (IFRS, etc) 

  • Standards – What’s new? 

    • IFRS Monthly news summary 

  • Accounting issues 

    • IAASB eNews April 2025 

  • Public Sector 

    • ASB: GRAP 104 on Financial Instruments (revised) snapshot: Key disclosure requirements: Parts 1 and 2 

    • NT: GRAP disclosure checklist 2025/2026 (for Standards effective from 1 April 2025) 

    • NT: Exchange rates for March 2025 

    • NT: FAQs on MCS 

    • NT: Important communication regarding SCOA V6 and BAS reimplementation 

Auditing (IRBA, IAASB, etc): 

  • Standards:  

    • ISA 570 (Revised 2024) Going Concern 

    • Fact Sheet: ISA 570 (Revised 2024) Going Concern 

    • IAASB: Proposed Narrow-Scope Amendments Related to Working with Experts 

CIPC: 

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

    • Notice 18 of 2025: Update: Company and Close Corporation Re-instatements 

Anti-Money Laundering and FICA 

  • FIC Advisory & Guidance:  

    • Sector risk assessment for crypto asset service providers (CASPs) 

    • Reminder: Registration and reporting requirement for banking sector in respect of international funds transfer reports (IFTRs) 

    • Joint advisory - Directive 9 of 2024 on implementation of the travel rule to enhance transparency in crypto asset transactions takes effect on 30 April 2025 

  • Important issues: 

    • FIC Media release: DNFBPs urged to submit RCRs to assist with exit from greylisting 

Sustainability & Integrated Reporting 

  • Standards: 

    • Exposure Draft proposing targeted amendments to IFRS S2 to ease GHG disclosures and application for companies 

    • Summit held re practical implementation of the new International Ethics Standards for Sustainability Assurance (IESSA) 

  • Reporting: 

    • CAQ: The Role of the Auditor in Climate-Related Information 

Technology 

  • Important issues: 

    • What every employer and employee should know for the digital economy 

Labour Law: 

  • Employment law: 

    • 2025 Employment Equity Regulations and Sectoral Numerical Targets 

  • COIDA Update: 

    • Update: ROE submission portal not open for submission yet + ROE manual 

    • Update: Letters of good standing expiry date extended 

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

  • This month’s big 5: 

    • The Contemporary Gazette Legal Update 2025 Volume 20 Issue 6 covers new relevant National laws up to 11 Apr 2025 

    • The Contemporary Gazette Legal Update 2025 Volume 20 Issue 7 covers new relevant National laws up to 2 May 2025 

  • Other acts and articles: 

    • SASSA: New ID verification process for SASSA grants 

    • SASSA: Grant increases April 2025 

    • POPIA Regulations amended 

    • OHS Day observed  

SARS: 

  • Guides (new, updated & issued): 

    • Updated How to complete the Income Tax Return ITR14 for Companies 

    • Guide to the Auto Merge Function on eFiling 

  • Interpretation Notes (updated & issued): 

    • Interpretation Note 20 (Issue 9) – Additional deduction for learnership agreements 

  • Notices and other publications issued: 

    • FAQ: Travel claims 

    • Travel e-log book 2025/2026 

    • FAQs: Supplies of Electronic Services (Issue 3) 

    • New Transfer Duty rates effective 1 April 2025 

    • Reminder: IT3(d) third party return submission deadline is 31 May 2025 

    • Keep your details up to date with SARS 

    • Relief from South African Tax for Pension and Annuity Income 

  • Taxpayers must be on the lookout for New Scams: 

    • SARS-SCAM-377 – SARS Customs inspectors call scam alert 

  • Tax court cases: 

    • SARSTC IT 76704 (IT) [2024] ZATC CPT (24 May 2024) 

    • SARSTC VAT 22558 (VAT) [2025] ZATC CPT (11 February 2025) 

    • SARSTC IT 25209 (ADM) [2025] ZATC JHB (3 February 2025) 

    • SARSTC 2023-22 (ADM) [2024] ZATC JHB (27 December 2024) 

    • SARSTC IT 45776 (IT) [2024] ZATC JHB (29 November 2024) 

  • SCA cases: 

    • Sishen Iron Ore Company (Pty) Ltd v CSARS (550/2023) [2025] ZASCA 16 (5 March 2025) 

    • JT International Manufacturing South Africa (Pty) Ltd v CSARS (1330/2023) [2025] ZASCA 37 (4 April 2025) 

Regulator news: 

  • IRBA News & press releases: 

    • IRBA 2024 Public Inspections Report 

    • Inspections 9th Cycle Strategy Handbook 

    • CPD Webinar slides & Recording 

    • IRBA re-elected to IFIAR Board 

    • IRBA News #69 

  • SAICA press releases and other publications: 

    • Salary & Leave Survey 

    • Information gathering questionnaire: The regulation of the South African Accountancy Profession 

    • FAQ on understanding Zaronia 

    • Sustainability survey 

  • CIBA press releases and other publications: 

    • Newsletters: 

  • Companies Tribunal:  

    • 12 Cases finalised in Apr 2025  

      • 10 Name disputes, 1 Exemption from SEC, 1 Directorship dispute 

    • Bulletin Newsletter: Volume 4 January to March 2025 

  • Information Regulator:  

    • Online platform for Reporting Security breaches 

  • LPFF:  

    • New 2025 Application form for Refund of bank charges and audit fees 

  • FSCA publications & press releases:  

    • The calculation of late payment interest by pension funds 

    • FSCA imposes administrative sanctions on Adams Chrambanis and others 

    • FSCA correction regarding public warning against Mr Thato Sigegede Moloi and Raindrop Brokers (Pty) Ltd (previously reported as not being registered) 

    • FSCA imposes administrative penalty on African Bank Limited for misleading advertising 

    • FSCA debars and imposes an administrative penalty on Mr Petrus Rasmus Erasmus 

    • 9 Warnings issued against fraudulent FSPs 

  • IFRS Foundation:  

    • Annual Report 2024 

  • SARS:  

    • Latest Monthly Tax Digest – April 2025 

    • Latest Tax Practitioner Newsletter – April 2025 

    • Latest Government Connect Newsletter – April 2025  

General Announcements / News Releases: 

  • Media articles:  

    • Spam callers breaking the law in South Africa 

Related Webinars

Compliance
...

Monthly Compliance and Legislation Update - July 2024


2 Hours
R380.00

Compliance
...

Employee Benefits (IAS 19)


2 Hours
R450.00

Compliance
...

Monthly Compliance and Legislation Update - November


2 Hours
R380.00

Need Help ?

Explore Smarty