Property Practitioners: Crucial Information for Accountants and Auditors
CPD Hours: 2
Price: R450.00
Property Practitioners: Crucial Information for Accountants and Auditors
Presenters : Lettie Janse van Vuuren CA(SA)
Overview
The Property Practitioners Act of 2019 commenced on 1 February 2022. It has an expanded definition of “Property Practitioner” that now includes many more people than before.
What this means for accountants, auditors and independent reviewers is that many of their clients have now technically become "Property Practitioners" who are subject to the Property Practitioners Act and Regulations. To assist, the Property Practitioners Regulatory Authority (PPRA) has issued a Draft Guideline that gives direction on specific requirements of the Act.
This webinar on demand addresses the following questions and any others that you might have:
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What are the new requirements regarding when the annual financial statements of a business property practitioner must be audited?
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When is an independent review required instead of an audit?
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What are the compliance requirements for your property practitioner clients?
Learning objectives & competencies developed
By attending this webinar you will develop the following competencies:
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Awareness of the basic requirements of the Property Practitioners Act, specifically focusing on definitions.
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Be knowledgeable on the contents of the Property Practitioners Regulations.
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Understand contents of the Draft Guidelines on audit, accounting records and trust account requirements for business property practitioners.
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Be able to link up your knowledge of this Act to other legislation that must be complied e.g FICA, Debt Collectors Act, Auditing Profession Act and Tax legislation.
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Act as a compliance advisor to clients who fall under the definition of "Property Practitioner".
Content
The webinar will cover the following topics:
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What is the Property Practitioners Act?
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Important definitions.
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The Property Practitioners Regulations.
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Contents of the Draft Guideline on:
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Audit requirements.
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Accounting records.
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Trust accounts.
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Annual financial statements.
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Audit vs independent review.
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Other legislation:
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FICA.
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Debt Collectors Act.
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Auditing Profession Act.
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Tax legislation.
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11 Annexures to make your life easier.
