By the end of this event the participant should:
Understand the difference between assurance and non-assurance engagements.
Understand the risks and liabilities of accountants and accounting officers.
Understand the key requirements of professional standards.
Be able to apply standards to each phase of the engagement.
Know how to make engagements more effective and efficient.
Understand the link between risks, controls and engagement approach.
Understand the reporting requirements of the following acts:
Close Corporations Act, 1984;
Sectional Titles Schemes Management Act, 2011;
Non-Profit Organisations Act, 1997;
South African Schools Act, 1996; and
Companies Act, 2008; and
Have practical tools to assist in the different engagements.
The webinar will cover the following topics:
Different types of reporting engagements explained;
Assurance vs non-assurance engagements;
Who can perform which engagement?
Accountants in practice; and
Legislation affecting the reporting of different entities' financial affairs;
Financial standards to use in reporting engagements;
Practical tools to use in reporting engagements;
Recent notices affecting the accounting officer's work; and
Recapping accounting officer duties – the do's and don'ts.