January 16, 2023

The declaration of Crypto assets as a financial product – What does this mean?

On 19 October 2022, the crypto asset were declared as a financial product under the Financial Advisory and Intermediary Services Act, 2002 (“the Act”). In effect this means that: Any person furnishing advice or rendering intermediary services in relation to crypto assets must be authorised under the FAIS Act as a financial services provider (FSP); …

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IAASB Factsheet on Quality Management and Group Audits

Assurance / By Eszter Rapanos

15 December 2022 The International Auditing and Assurance Standards Board (IAASB) has published a new fact sheet on the interactions between International Standard on Audit (ISA) 220 (Revised), which addresses quality management at the engagement level, and ISA 600 on group audits. The aspects highlighted the Factsheet are: · Revised Definition Of Engagement Team; and …

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IRBA Disciplinary Hearings for February 2023

Assurance / By Eszter Rapanos

13 January 2023 The following hearings are scheduled for February 2023: 1. IRBA // LA 14-15 February, 09h30-16h00 Overview of charges: Respondent failed to assemble audit documentation in the audit file following an audit engagement of a Retirement Estate Body Corporate (Body Corporate). In particular, the Respondent failed to include documentation regarding verification of legal …

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Personal Income Tax Administrative Penalty notifications

Tax / By Eszter Rapanos

10 January 2023 If you have received a Personal Income Tax Administrative Penalty notification, this was issued due to the late or non-submission of one or more Income Tax Returns. What should you do next? Regardless of whether you agree or disagree with the admin penalty it is advisable to submit the outstanding return to …

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E-SERVICES AND BIZPORTAL: QUICK REFERENCE GUIDE – ANNUAL RETURNS

Accounting / By Eszter Rapanos

To address queries relating to filing Annual Returns (AR) general response is provided on the following topics in the Quick Reference Guide: How to file and general questions on AR Validation Errors AR not moving to cart or slow response on payment module Known challenges on annual returns which is pending correction in the next …

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CIPC Notices: System challenges with eservices and BizPortal platforms

Accounting / By Eszter Rapanos

13 January 2023 Since the migration of the transacting platforms on Monday, 9 January 2023 the CIPC has worked on challenges with the implementation of the system. The following issues have been resolved: User Login Error Login Validation Errors System Performance Improvement Disclosure Documents not sent to Customers/Incorrect document Duplicate name reservations Dispatch of certificates …

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The declaration of Crypto assets as a financial product – What does this mean?

IAASB Factsheet on Quality Management and Group Audits

IRBA Disciplinary Hearings for February 2023

Personal Income Tax Administrative Penalty notifications

E-SERVICES AND BIZPORTAL: QUICK REFERENCE GUIDE – ANNUAL RETURNS

CIPC Notices: System challenges with eservices and BizPortal platforms

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The only thing that interferes with my learning is my education. - Albert Einstein

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