Presenter: Yugen Pillay
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.
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.