The accountant's role in BEE verification 2019 -Studio Recording

The Accountant's role in BEE Verification 2019

Presenter: Yugen Pillay

Learning objectives  
By the end of this event the participant should understand: 

• The type and format of documents required during the BEE verification process.

• An understanding of the presentation of accounts and where these fit in in the verification process.  

• A discussion around an accountant or auditor’s involvement in the process. 

• A breakdown of the elements which are vital to the process for accounting officers, excluding an opinion on management/control or skills development. 

• The process involved in restructuring a business to reach various levels of BEE compliance. 

Course content  

The webinar will cover the following topics in detail:  

• BEE levels and what they mean. 

• BEE verification processes. 

• Implications of restructuring to +51% black ownership? 

• Presentation of accounts - management accounts vs audited AFS; 

• Ownership – affidavits, documents, valuations are all important; 

• Procurement – how this is calculated using the income statement and balance sheet; and 

• Enterprise and supplier development - supporting documentation.

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