Webinars On-Demand

Accounting (IFRS, etc) 

• Standards – What’s new? 

  • IFRS Monthly news summary 

• Public Sector 

  • NT: Guidelines for Municipal Trading Services 

  • ASB: Approved amendments to the Directive on Determining the GRAP Reporting Framework 

  • ASB: Review Report on the PIR review of GRAP 109 Accounting by Principals and Agents published  

Auditing (IRBA, IAASB, etc): 

• Standards:  

  • IAASB: New ISA for LCE Adoption Guide 

• Other:  

  • ICAEW: New Internal Audit Code to strengthen corporate governance 

  • IRBA: General Guidance for CFOs and Audit Committees 

  • IFAC: 3rd Instalment: Final Guide for Small Firms on New Quality Management Standards 

  • CAQ: 5 Guiding Principles for Audit Committees 

CIPC: 

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

  • CIPC: Annual customer and stakeholders’ satisfaction index and survey report  

  • Notice 67 of 2024: Introduction of online annual submission of reports and filling of annual returns for co-operatives 

  • Notice 68 of 2024: New eservices automation system for registration of co-operatives 

  • Practice Note 2 of 2024: BR Status report requirements  

  • Guideline for AGMs conducted electronically  

Anti-Money Laundering and FICA 

• FIC Advisory & Guidance:  

  • FATF Greylisting: South Africa’s Positive Progress as at October 2024  

Sustainability & Integrated Reporting 

• Important issues: 

  • Mastering ESG Audits in Modern Business 

Technology 

• Important issues: 

  • IAASB: 8 Actions to Embrace Technology and Innovation 

  • October is Cybersecurity Awareness Month: How to Safeguard Your Business from Cyber Threats 

Labour Law: 

• Employment law: 

  • CCMA response to matters of alleged non-compliance with employment law by some employers in the hospitality sector 

  • DoEL: Health & Safety in the Workplace: Guide  

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

• This month’s big 5: 

  • SAICA Legal Update 2024 Volume 19 Issue 17 covers new relevant National laws up to 11 Oct 2024: 

    1. The Financial Advisory and Intermediary Services Act (call to comply with regulatory examination requirements);  

    2. The Immigration Act (remote work, general work, and critical skill visa simplification);  

    3. The National Environmental Management Act (hazardous chemicals and pesticides);  

    4. The Pension Funds Act (call to ensure trustee information still correct); and  

    5. The Special Investigating Units and Special Tribunals Act (Department of Transport and others) 

  • SAICA Legal Update 2024 Volume 19 Issue 18 covers new relevant National laws up to 24 Oct 2024: 

    1. The Constitution of the Republic of South Africa: Transfer of powers and functions vested in Acts;  

    2. The National Environmental Management Biodiversity Act (CITES non-detriment findings);  

    3. The Nuclear Energy Act (Declaration of materials);  

    4. The Draft Petroleum Products Bill; and  

    5. The Special Investigating Units and Special Tribunals Act (SABC and others). 

• Other acts and articles: 

  • Trustees had to submit Beneficial Ownership Information by 15 November 2024 

SARS: 

• Guides (new, updated & issued): 

  • Guide: Criteria for Registration of Tax Practitioners 

• Interpretation Notes (updated & issued): 

  • Draft interpretation note: Non-professional sport and recreation in the PBO space 

  • Interpretation Note 135 – Sale and leaseback arrangements 

  • Draft Interpretation Note – Diminution in the value of closing stock 

• Binding Rulings (Private/Class/General) issued:  

  • BPR 411 – Tax consequences of a deemed input tax deduction under the VAT Act 

  • BPR 412 – Tax consequences of the issue of a long-term loan for the issuer and holder 

  • BGR 74 – VAT treatment of certain supplies of goods or services made by municipalities to a national or provincial government 

• Notices and other publications issued: 

  • Publication of Explanatory Summaries 

  • Media release: SARS is engaging with industry to avert fuel shortages 

  • Media release: SARS Warns About Crypto Asset Compliance 

  • Media release: TV Producer and Co-accused appear in court for Tax Fraud 

• Taxpayers must be on the lookout for New Scams: 

  • Impersonating a SARS employee 

  • Unsettled payment 

• Tax court cases:  

  • SARSTC IT 45791; VAT 22288 (IT; VAT) [2024] ZATC JHB 

  • SARSTC IT 45781 (IT) [2024] ZATC JHB 

• High court cases:  

  • TALT v CSARS (A2023/077887) [2024] ZAGPJHC 827 

  • Turners Shipping (Pty) Ltd v CSARS (2022/059481) [2024] ZAGPPHC 709 

• SCA cases:  

  • Naraidu v The State (894/2023) [2024] ZASCA 139 

  • Tholo Energy Services CC v CSARS (378/2023) [2024] ZASCA 120 

• Constitutional court cases:  

  • Thistle Trust v Commissioner for the South African Revenue Service 

  • Media release: Constitutional court ruling on ‘conduit principle’ and capital gains liability in multiple tiered Trust structure 

Regulator news: 

• IRBA News & press releases: 

  • IRBA News #67 

• SAICA press releases and other publications: 

  • Final Pronouncement: Revisions to the definitions of Listed Entity and Public Interest Entity in the SAICA Code 

  • Final Pronouncement: Technology-Related Revisions to the SAICA Code of Professional Conduct 

  • SAICA: Employment Tax Incentive Guide (updated) 

  • Submission – Amendments to the Modified Cash Standard 

  • FAQ on IFRS for SMEs 

  • SAICA Tax Practitioners: Declaration & Monitoring process 

• CIBA press releases and other publications: 

  • Newsletters 

  • Various guides are available exclusively to members 

  • New publications and news: 

    • Tax Practitioner Readiness Programme 

    • Tax Compliance Confirmation process 

    • Practice Management Conference 

    • Important tips for CIBA members supporting legal clients 

• Companies Tribunal:  

  • 18 Cases finalised in Oct 2024  

• FSCA publications & press releases:  

  • FSCA warns the public against individual(s) impersonating the FSCA and its Commissioner 

  • FSCA debars and imposes an administrative penalty of R1 015 315.87 on Mr Kabelo Emanuel Mogale for providing signals without a FSP licence 

  • FSCA conducting an investigation into the affairs of Solis Markets and Eklavya Assets Management (Pty) Ltd 

  • FSCA provisionally withdraws the FSP licence of Banxso (Pty) Ltd 

  • FSCA takes regulatory action against the former key individual of Gundo Wealth Solutions (Pty) Ltd, Mr Ralliom Razwinane 

  • FSCA takes regulatory action against Global and Local Investment Advisors (Pty) Ltd, Michael Haldane and Mauro Forlin 

  • Newsletter 

  • 7 Warnings issued against fraudulent FSPs 

• CGSO:  

  • CGSO 18 October 2024 Joint media release for UL and CGSO 

  • Joint media release for Univen and CGSO 

• OTO:  

  • Newsletter - Fair Play Issue 34 

• SARS:  

  • Latest SARS Annual Report 2023/2024 

  • Latest Monthly Tax Digest 

  • Latest Tax Practitioner Newsletter – Issue 57 

  • Latest Government Connect newsletter – Issue 23   

General Announcements / News Releases: 

• Media articles:  

  • Government tightens rules on unwanted direct marketing – here’s what you need to know