Practice management's guide to running a successful practice 2019 Presenter: Yolandi Smeiman Learning objectives After attending this webinar you should: Be aware of the principles required to run a successfu l practice.. Be able to make changes to improve the way you manage and run your practice. Course content Developing your mission, vision and strategic plan. Identifying your edge and carving a niche; Marketing; Embracing technology; Advisory services; Networking; and Retaining talent.
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 Aud itors Learning outcomes After attending this event you will be able to: Assist public schools with the implementation of section 42 and 43 of the South African Schools Act (SASA). Assist public schools to improve financial management in schools and adherence to the SASA. Understand the governance and compliance environment in which schools operate. Understand the different roles and segregated roles of bookkeepers, accountants, accounting officers, and auditors. Determine the financial reporting framework most appropriate for public schools. Course content The webinar covers the following topics: The financial management obligations of Schools as per the SASA, Regulations, BELA, Circulars. The root causes of financial mismanagement as per Corruption Watch report. Circular M1, M2, M3, M4, M5 of 2017 (when to audit and when to examine by accounting officers) Circular M1, M2 of 2018 Circular M1 of 2019 (PFMA and Schools) Schools as public interest entities. How to assist Schools with drafting policies related to: internal controls for compliance with SASA, accounting manuals, segregation of duties between bookkeepers and auditors. Independence requirements applicable to auditors of Schools: Auditing Professions Act, 2005, Section 90 of the Companies Act, 2008. Section 290 of the IFAC Code of Conduct applicable to auditors. Draft SAIBA Guide for examination of financial statements of schools. Draft Guideline for the preparation of public school financial statements. Role of Bookkeeper vs Accountant vs Accounting Officer vs Auditor. How to work with the SAIBA approved audit firm to refer schools for audit. How to assist your school client to prepare for an audit.
Preparing and Interpreting Financial Statements 2019 Presenter: Jako Liebenberg Learning objectives By the end of this event the participant should: Know the latest requirements of the Companies Act and Tax Administration Act regardi ng financial statements; Understand how financial statements differ according to the type of user; Understand how to align financial statements to legislative requirements; Know how to deal with complex accounting transactions; Have a disclosure checklist they can use in their engagements. Content The webinar will cover the following topics: The Companies Act and Tax Administration Act on financial statements; Financial statements presentation and disclosure; Statement of financial position; Statement of comprehensive income and income statement; Statement of changes in equity; Statement of cash flows; and Notes to the financial statements. Financial statements for different external users; Dealing with complex transactions: Contingent liabilities; Accounting for BEE transactions; Intangible assets; and Deferred tax. Implementation guidance (disclosure checklist)
Immigration Accounting (Visas) 2019 Presenter: Maya Nikolova Learning objectives By the end of this event the participant should understand: The requirements of the Immigration Act; The role of qualifying accountants in the bu siness visa application process; and How to become a licensed Immigration Accountant. Course content The webinar will cover the following topics in detail: Section 15 and Regulation 14 of the Immigration Act; How to perform an engagement to issue a certificate for Business Visa applications: Engagement letters; Engagement procedures; ISRS 4400 and the objective of an Agreed-Upon Procedures Engagement; Code of conduct and quality control. How to partner with Visa Consultants and where to find foreign clients; Other services to provide to foreign investors after successful Business Visa application.
Compliance and Legislation Update April 2019 Presenter: Lettie Janse van Vuuren Learning objectives After attending this webinar you will: Be aware of the latest legislative changes and what it means for your business, pr actice, and your clients; Be able to inform your staff and clients on how to stay compliant; Adapt business models to fit new legislative landscapes; Receive references to documents and guides; Have access to your own technical resource; and Have access to the presenter via email for follow-up Q & A. Content These are examples of the topics covered that will include legislative, regulatory, industry standards, items and guides that have been issued and/or updated during the preceding month and will be covered in the webinar: SARS: Interpretation Notes (updated & issued): 17 (Issue 5) – Employees' tax: Independent contractors 14 (Issue 4) – Allowances, advances and reimbursements 111 (Issue 1) – No-value provision in respect of the rendering of transport services by any employer Draft – Apportionment of surplus and minimum benefit requirements – Pension Funds Second Amendment Act Binding Rulings (Private/Class/General) issued and updated: BPR 319 – Tax implications of group restructuring transactions BGR (VAT) 49 – The supply and importation of sanitary towels (pads) BGR 50 – No-value provision in respect of the rendering of transport services by any employer Notices issued: 268 – Subsistence amounts Other publications issued: Tables A and B of Average Exchange rates have been updated Electronic Services: Explanatory Memorandum Regulation 429 FAQs: Supply of electronic services IFRS: Standards – What’s new? IFRS Monthly news summary IRBA: Standards: Implications of the effective dates of the IRBA CPC for RAs (Revised November 2018) on the Auditor's and Assurance Provider's Reports ED Proposed SAAPS 4, Letters of Specific Inquiry to the Entity's External Legal Practitioner Regarding Litigation and Claims Involving the Entity Legal / Ethics: Proposed Amendments to rules regarding improper conduct Guidance: Attorneys Trust Accounts: Notice from LPFF re sweeping of 5% interest earned Disclosure of assurance status on IRBA website and how to change your status CIPC: Notices and Practice Notes issued (enforcement and to customers): Mandatory submission of financials when filing Annual Returns (“Hard-stop”) Successful launch of auto shares How to legally change directors Companies Act Sec 66, 70 and 71 State-Owned Companies re Filing of AFS Guidance issued: Guidance on application of Note 1 of 2019: appointment, resignation and removal of directors. Companies Tribunal: 7 Decision reached on cases heard (6 Name Disputes and 1 Directorship Dispute) Other laws and regulations: This month’s big 5: The Draft Conduct of Financial Institutions Bill (Financial Services, Promotion, marketing and disclosure); The Critical Infrastructure Bill (Version D); The Financial Intelligence Centre Act (Draft regulations); The National Small Enterprise Act (Thresholds); and The Value-added Tax Act (1 April amendments). Other Acts include: The National Minimum Wage Act (Draft Amendment Bill); The Political Party Funding Act (Draft Regulations); The Draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill 2019; and The Road Accident Benefit Scheme Bill. Regulatory news: IRBA News & press releases: IRBA investigation into Steinhoff auditors will recommence once restated financials are released Linkway Trading auditor deregistered - ordered to contribute to costs SAICA Guidance: Top tips for SMPs (Small and Medium Practices) Information session hosted in February – slides now available for 2019 ED ISRS 4400 Agreed upon Procedures Competition Tribunal: Tribunal confirms power cable company’s settlement and R1.3 million fine for price fixing, collusive tendering in Eskom tenders SAIBA: SAIBA the lead endorser of the Accounting and Finance Show FIC Advisory & Guidance: Directive on using an Automated Transaction Monitoring System for the detection and submission of Regulatory Reports Commencement of certain provisions of the Financial Intelligence Centre Amendment Act, 2017 Typologies and Case Studies – March 2019 Updated Guidance relating to Terrorist Financing and Terrorist Property Reporting Obligations Updated Guidance on Suspicious and Unusual Transaction Reporting Consultation Paper relating to the Commencement of Section 31 of the Financial Intelligence Centre Act and Draft Regulations, and the Amendment of Regulations in respect of Cash Threshold Reporting and Aggregation (increase from existing R25000) SARS media releases: KZN VAT vendor imprisoned for seven years for VAT fraud FSCA publications & press releases: FSCA’s update on the Steinhoff Investigation FSCA statement on discrimination allegations against FNB Successful conviction of Ndlangisa Funeral Services FSCA Market Abuse Investigations FSCA provisionally suspends the licence of Merger Chen Solutions 4 Warnings issued to the public against fraudulent FSPs
How Accounting staff should prepare for an audit 2019 Presenter: Lettie Janse van Vuuren Learning objectives By the end of this webinar the participant should be aware of the process to prepare their entity for a financial audit, with rega rd to: The basics of an audit The accountant’s role in preparing the organisation for a financial audit How to prepare for your audit Course content The following topics will be covered in detail during the event: The basics of an audit: The purpose of an audit (and why it is necessary) Defining the terms and different types of audits Understanding the steps in the financial audit process Accounting staff’s role in preparing the organisation for a financial audit The need and benefits of preparing for an audit How to prepare for an audit: Steps to prepare for an efficient and successful audit (including specific documentation that the auditor will need) Reassure your staff about the audit and what the auditor may ask Tips Using a checklist