Schools-Audit, examination, and financial reporting 2019
CPD Hours: 4
Price: R287.50
Schools-Audit, examination, and financial reporting 2019
Schools-Audit, examination, and financial reporting 2019
Presenters:
- Lettie Janse van Vuuren CA (SA), Registered Auditor
- Former Deputy Director - Corruption watchLucky Menoe
- David Machaba Director of Machaba Accountants and Auditors
Learning outcomes
After attending this event you will be able to:
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Assist public schools with the implementation of section 42 and 43 of the South African Schools Act (SASA).
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Assist public schools to improve financial management in schools and adherence to the SASA.
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Understand the governance and compliance environment in which schools operate.
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Understand the different roles and segregated roles of bookkeepers, accountants, accounting officers, and auditors.
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Determine the financial reporting framework most appropriate for public schools.
Course content
The webinar covers the following topics:
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The financial management obligations of Schools as per the SASA, Regulations, BELA, Circulars.
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The root causes of financial mismanagement as per Corruption Watch report.
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Circular M1, M2, M3, M4, M5 of 2017 (when to audit and when to examine by accounting officers)
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Circular M1, M2 of 2018
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Circular M1 of 2019 (PFMA and Schools)
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Schools as public interest entities.
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How to assist Schools with drafting policies related to: internal controls for compliance with SASA, accounting manuals, segregation of duties between bookkeepers and auditors.
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Independence requirements applicable to auditors of Schools:
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Auditing Professions Act, 2005,
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Section 90 of the Companies Act, 2008.
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Section 290 of the IFAC Code of Conduct applicable to auditors.
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Draft SAIBA Guide for examination of financial statements of schools.
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Draft Guideline for the preparation of public school financial statements.
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Role of Bookkeeper vs Accountant vs Accounting Officer vs Auditor.
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How to work with the SAIBA approved audit firm to refer schools for audit.
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How to assist your school client to prepare for an audit.
