2021 Annual Regulator Update: A Focus on CIPC, IRBA, SAICA and SARS
CPD Hours: 2
Price: R237.50
2021 Annual Regulator Update: A Focus on CIPC, IRBA, SAICA and SARS
Presenters : Lettie Janse van Vuuren CA(SA)
Overview
Accounting and audit practices fulfil an important compliance function within the South African economy. Of significance is the fact that the code of conduct of professional bodies requires professionals to act with fundamental principles including: integrity, objectivity, professional competence and due care, confidentiality, and professional behaviour.
It is therefore important for accountants to remain current and updated with the latest and important binding notices, practice guidelines, rulings and compliance guides issued by CIPC, IRBA, SAICA and SARS.
Learning objectives
By the end of this event you will be aware of recent (2021):
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CIPC warnings, notices and practice guidelines affecting compliance of your clients / employer / company.
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Updated IRBA South African Auditing Practice Statement and related matters.
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SAICA requirement (guide) dealing with the retention of records as well as other related guidance notes.
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SARS enhancements to tax types, updating of eFiling guides, claiming home office expenses and updated interpretation note on wear-and-tear allowance.
Content
The webinar will cover the following topics:
SARS:
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Enhancements issued regarding various tax types.
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Updated schedule of write-off periods acceptable to SARS - Binding General Ruling and Interpretation Note on Wear-and-tear or depreciation allowance.
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Updated eFiling guides for various tax types.
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Guidance on claiming Home Office Expenses.
CIPC:
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Notice re Solvency and liquidity test.
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Notice re Close Corporations without Accounting Officers.
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Notice and Practice Guideline re Independent Review & Reportable Irregularities.
IRBA:
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Updated SAAPS 3 (Revised May 2019) - Illustrative Reports.
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Plans for a separate standard on the Audits of Less Complex Entities.
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IRBA 2020 Public Inspections Report.
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Revisions to the Code Addressing the Objectivity of an Engagement Quality Reviewer and Other Appropriate Reviewers.
Other updates:
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New Extension of PAIA Manual exemption.
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POPIA and Information Regulator - Guidance Note on Information Officers, and other guidance notes issued.
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National minimum wage increased – effective from 1 March 2021.
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New Employee earnings threshold effective from 1 March 2021.
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New OHS direction with regard to vaccination in the workplace.
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Updated SAICA Retention of records guide.
The webinar will cover the following topics:
