Webinars On-Demand

IFRS:

• • Standards – What’s new?
    • IFRS - September 2023 Monthly news summary
    • IASB - Review of IASB Work Plan for Q4 of 2023
    • IASB - Update on 2nd Comprehensive Review of IFRS for SME
    • IASB - Annual Improvements to IFRS Standard ED - update
  • Accounting issues
    • ICAEW - International Non-Profit Accounting Guidance
  • Public sector
    • Newsletter - Why governments need to account for their assets.

IRBA:

• • Standards
    • IAASB - ISA of Less Complex Entities – where are we at with this project?
    • IAASB - Proposed SAAPS 3 Revised: Illustrative Reports
    • IAASB - Narrow Scope amendments to ISA 700 (Revised)
    • IAASB - Narrow scope amendments to ISA 260 (Revised)
  • Legal and ethics
    • IRBA - BN 475 of 2023 IRBA Rule on Enhanced Auditor Reporting for the Audit of AFS of Public Interest Entities
    • IRBA - Staff Alert 9 - Guidance on the IRBA Rule on Enhanced Auditor
    • IAASB - IAASB Enhances Auditor’s Report Transparency on Independence to Reflect Revisions in the IESBA Code of Ethics
  • Sustainability
    • ISSB - ISSA 5000 Proposed Global Sustainability Assurance Standard
    • IFAC - New IFAC Study Expands Insights into Sustainability Disclosure and Assurance Beyond the G20
    • IFAC - Call to Action for Sustainability Reporting and Assurance
    • IPSASB - Development of Climate-Related Disclosures Standard for the Public Sector 
  • International news
    • IFAC - Trust, Corruption and Sustainable Development Are Interconnected Issues in Public’s Attitude Towards Tax
    • ICAEW - Understanding the mindset of fraud
  • Other
    • IRBA - IRBA Newsletter No. 63
    • AGSA - Circular 01 2023 24 Guide on AGSA Charge Out Rates
    • IPSASB - Issues Updated Chapters of Conceptual Framework

CIPC:

• • Notices and Practice Notes issued (Enforcement and to customers):
    • CIPC Clamping down on reckless conduct and non-compliance
    • Practice Notice 4: Filing of documents
    • Notice 55 of 2023: Enforcement of Beneficial Ownership Filings and Securities Registers as from 1 Oct 2023

Financial Intelligence Centre (FIC)

• • News releases
    • Risk and Compliance Return Sanction Notice Issued
    • Are your clients accountable institutions? What are your responsibilities with respect to NOCLAR?
    • Financial Intelligence Centre instrumental in recovery of more than R5.8 billion in criminal assets
    • Website notice PCC 5D Further Guidance for Registering as an AI
    • The wars between the laws POPIA v FICA legislation

Sustainability and Integrated Reporting:

• • News releases
    • ICAEW - ESG for SMEs step-by-step climate scenario analysis

Technology

• • News releases
    • ICAEW - Cyber month: CFOs should take the lead
    • ICAEW - Cyber month: why AI offers both security and threat
    • ICAEW - The 21st-century evolution of cyber security
    • ICAEW - How to digitally upskill traditional finance professionals
    • ICAEW - SMEs must wise up to cyber security risks
    • ICAEW - Generative AI Guide

Labour Law:

• • Employment law:
    • SALRC - Maternal and paternal benefits
    • The National Minimum Wage is under the spotlight
    • Fixed duration agreements and long-term job security
    • Recent trends in employment litigation in South Africa
    • You could be fired because of your co-worker in South Africa

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

Other acts and articles:

• • This month’s big 5:
    • The latest SAICA Legal Update has been released and it covers relevant national laws up to 1 September 2023:
      1. The Companies Act: Amendment Bill and Second Amendment Bill
      2. The Electricity Regulation Act: Amendment Bill
      3. The National Nuclear Regulator Act: Amendment Bill
      4. The Regulation of Interception of Communications and Provision of Communications-related Information Act: Amendment Bill
      5. The Special Investigating Units and Special Tribunals Act: Gauteng department of health and Tembisa Hospital
    • The latest SAICA Legal Update has been released and it covers relevant national laws up to 15 September 2023:
      1. The Competition Act: Media and digital platforms market inquiry
      2. The National Prosecuting Authority Act: Amendment Bill
      3. The Draft National State Enterprises Bill
      4. The Road Accident Fund Act: Draft Amendment Bill
      5. The Special Investigating Units and Special Tribunals Act: Amajuba Municipality
  • Companies Act: Amendment Bill and Second Amendment Bill
  • The National Prosecuting Authority Act: Amendment Bill
  • Masters Office - Deceased Estates have gone online
  • DoJ - New Beneficial Ownership Register for Trusts (Circular 52 of 2023)

SARS:

• • Refer to August 2023 and September 2023 Maitland and Associates Tax Newsletter distributed to attendees. 

Regulator news:

• • CIBA
    • Accounting Weekly Newsletter
    • CFO Talks
  • IRBA
    • IRBA - EAR Rule to enhance the transparency of auditors’ reports on annual financial statements of public interest entities
  • SAICA
    • SAICA - South African Chartered Accountants lead in global trustworthiness
  • Competitions Commission
    • Commission levels the playing field for Online Platforms (think Takealot, Bookings.com, etc)
    • Commission investigates Johnson & Johnson
    • Statement on the latest decisions by the Competition Commission
    • Essential Food Pricing Monitoring Report Released
    • Commission gazettes final terms of reference for Media and Digital Platforms market inquiry
    • Statement on the latest decisions by the Commission
    • Media statement calls for public comment on draft public interest guidelines
    • Commission recommends prohibition of Vodacom/Maziv merger
    • Commission signs consent agreement with Unilever
  • Companies Tribunal
    • Names Disputes (7 granted, 2 dismissed)
    • Exemptions (1 granted, 1 dismissed)
    • Directors Disputes (1 granted,)
    • AGM (3 granted)
    • Other matters (2 granted)
  • Property Practitioners Regulatory Authority
    • Guidance note on undesirable practices
  • National Credit Regulator
    • NCR Credit Extension slows down while impairments worsen
  • FCSA publications
    • The FSCA welcomes the Tribunal decision on Mr Markus Jooste, former CEO of Steinhoff International Holdings N.V.
    • FSCA Publishes Budget and Levies and Fees Proposals
    • FSCA issues 9 warnings and alerts
  • Information Regulator
    • Media Statement: Enforcement notice issued to Dis-chem.

General Announcements / News Releases:

• • Media articles and other thoughts:
    • Navigating the legal aspects of online contracts and privacy
    • Guardians of the galaxy… The needs and requirements of minor children