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2018 - Corporate Governance King IV

Overview Company secretaries are the custodians of corporate governance. Recent SOE and private sector scandals have laid bare serious gaps in applying corporate governance. It also presents an opportunity to learn from these mistakes and ensure t hat your company does not make the same mistakes. Join us for this webinar for an update on King IV and a case study application to Steinhoff. The event covers the text of King IV and provides an expert interpretation and application of the code to your company. The event also provides insights into what went wrong in Steinhoff and how the company secretary may have failed to prevent the disaster. Learning objectives By the end of the webinar the participant should be able to: Understand the concepts driving corporate governance. Understand the structure and flow of King IV. Understand how to apply King IV in his/her company. Explain to their Boards their duties and responsibilities as presented by King IV and the Companies Act. Apply a checklist to test compliance with KingIV. Reduce risk by studying the Steinhoff case study. Course content The course will cover the following topics: Interaction between the Companies Act and King IV. Fundamental concepts in King IV. Application and disclosure of King IV. Legal status of King IV. Applying King IV to different sizes and types of companies. All 17 principles contained in the King IV report covering: Leadership and organisational ethics; Corporate citizenship, strategy and performance; Roles and composition of the governing body; and Stakeholder relationships. All sector supplements to the King IV report covering: Municipalities; NPOs; Retirement Funds; SMEs; and State-Owned Entities. A case study on Steinhoff.

4 Hours | R399.00

2018 - SARS IRBA and CIPC Compliance

Overview Compliance is at the heart of every accounting and auditing practice. The main compliance drivers are SARS, CIPC, IRBA and professional bodies. Join us for this series of events to receive an update on the latest developments, rulings , compliance notices, judgments, inspection reports, and administrative notices issued that you need to know to run a compliance-based practice. IRBA, CIPC, and SARS regularly make important announcements and notices on legislative amendments and compliance guides. Technical expert Lettie Janse van Vuuren CA(SA), RA will provide a roadmap to compliance. Learning objectives By the end of this event the participant should understand the administrative compliance issues required of accountants, auditors and tax practitioners with regard to the: Tax Administration Act and penalties for non-compliance; CIPC's filing deadlines and penalties for non-compliance; CIPC compliance notices; Latest general legislative updates affecting accountants, auditors, bookkeepers and tax practitioners; IRBA and professional body compliance for practice visits and reviews. Course content The following topics will be covered in detail during the event: Recent compliance and legislative updates affecting accountants, auditors, and tax practitioners: SARS:New rulings, tax cases, interpretation notes, SARS guides and operational issues feedback including; CIPC:Compliance requirements, amendments, operational issues, new notices, business rescue and other matters, including XBRL and CIPC audits; IRBA:Announcements, newsletters, new guides, amendments and related matters affecting the profession, including: Inspection report; Access to working papers; Practice reviews; Ethics:NOCLAR and reporting irregularities. Other laws:Updates on other laws POPI, COIDA, Labour. Practice matters:Some of the issues to be covered include, revised engagement letters, Template for Independent Review Engagements, JSE listing requirements, AGSA audits, access to working papers, medical schemes accounting, engagement letters for non-assurance services, retention of records, and accounting for BEE transactions. IFRS:Update on recent Exposure Drafts.

4 Hours | R399.00

2018 - Working Capital Management

Overview According to research conducted on SMEs, up to 50% of new businesses in South Africa fail, likely because they don't manage their working capital. (Please insert the linked articles into the SAAA blog) Join this webinar to learn h ow you can better manage working capital to avoid cash flow problems. Managing inventory, debtors, cash and creditors takes dedicated time and effort with clear policies and lines of communications. Get it right and you just may save your business or get a raise. Learning objectives By the end of this event the participant should: Understand what constitutes working capital, Be able to identify problem areas, Be able to identify what is the cause of a slow turn-over of inventory and debtors, Be able to take steps to extend the payment terms with creditors, Develop a plan to tackle and improve poor working capital management, Understand liquidity and its importance in business, Understand how failure to control working capital leads to business collapse, Understand the trade-off between liquidity and profitability, Be able to calculate liquidity and efficiency ratios, and Be able to interpret liquidity and efficiency ratios. Course content The course will cover the following topics: What is working capital. Common things that result in negative working capital. Simple steps to take to improve inventory, debtors, cash, and creditor management. How to use problem solving techniques to get to the real cause of poor working capital management. The objectives of working capital management; Liquidity Profitability How to use the accounting cycle to better manage working capital. Liquidity ratios: Quick (acid test) ratio. Current ratio. Efficiency ratios: Inventory turnover. Inventory days. Trade receivable days, Trade payable days. Sales to working capital. Cash operating cycle. Interpretation of ratios. Case study.

4 Hours | R399.00

2018 - Business Rescue

Overview Many businesses across different industries are applying for business rescue in South Africa. As at 31st March 2018 more than 2800 companies had applied for business rescue proceedings to commence in terms of Chapter 6 of the Companies A ct. See the CIPC report here. Attend this event and learn how you can share in this growing market by qualifying as a business rescue practitioner. Learning objectives After attending this event you will be able to: Understand the requirements to draw up and implement strategic plans/turnaround strategies for companies in distress. Understand how to add business rescue to the services offered by a accounting or legal practice. Implement the requirements of Chapter 6 of the Companies Act governing business rescue. Explain the business rescue process. Advice clients as to the roles and responsibilities of the different stakeholders in the process. Course content The event will cover the following content: How to obtain your business rescue licence from the CIPC. Provisions of the Companies Act, 2008 regarding commencement of business rescue proceedings. The procedure for appointment, qualifications for appointment, removal, and duties and personal liability of the business rescue practitioner. Important principles of labour law affected by business rescue, including the procedure for retrenchments and other dismissals. The power of the practitioner to suspend, or to apply for cancellation of, contractual obligations of the company. The preparation of the rescue plan. How to determine whether the company is in financial distress, and whether there is reasonable prospect of a rescue. Roles and responsibilities of the business rescue practitioner, directors, employees, SARS, CIPC, and creditors. The tax and accounting implications of business rescue. A Case Study demonstrating the process.

4 Hours | R399.00

2018 - Compliance and Legislation Update - July

Overview Accountants and auditors must stay informed about changes in legislation and regulations that affect their firms and the business of their clients.Technical expertLettie Janse van Vuuren CA(SA), RA researches and summarises all relevant a nd important changes on a monthly basis and presents this in an easily understandable webinar. The webinar includes: A reference guide of all changes to share within the firm; PPT summary of all new amendments; Interactive session with the presenter; and Online Q&A. Learning objectives After attending this webinar you will: Be aware of the latest legislative changes and what it means for your business, practice, 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.

2 Hours | R399.00

2018 - Reporting Engagements Accounting Officer Review And Compilation

Overview Recently, the STSMA introduced changes surrounding the audit of sectional title schemes. Accounting officers are no longer allowed to sign off annual financial statements of sectional titles. This seminar will cover this subject and many others as outlined in the course content. In 2017 the Southern African Institute of Business Accountants (SAIBA) published an updated guide for accounting officers titled "Guide to Accounting Officer Reporting Engagements". This event will give you 2018 updates to the contents. Learning objectives By the end of the seminar/webinar you should: Understand the reporting requirements of the following acts: Close Corporations Act, 1984; Sectional Titles Schemes Management Act, 2011; Non-Profit Organisations Act, 1997; South African Schools Act, 1996; and Companies Act, 2008; Understand the risks and liabilities of accountants and accounting officers; Understand the difference between assurance and non-assurance engagements; Understand the key requirements of professional standards; Be able to apply the standards to each phase of the engagement; Have practical tools to assist in such engagements; Know how to make engagements more effective and efficient; and Understand the link between risks, controls and engagement approach. Course content Overview of legislation that requires a professional to report on financial affairs of various types of entities; The type of reporting engagements that can be performed by accountants in practice, accounting officers and independent reviewers; The standards to use when performing accounting officer reporting engagements; What to do as accounting officer when your client doesn’t pay his tax; Recent notices issued that might affect the accounting officer's work; Reporting requirements related to: Sectional Titles, EME BBBEE certificates, immigration regulations and cooperatives; and Recapping accounting officer duties – what you should and shouldn't do.

4 Hours | R399.00

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