SARS, CIPC & Regulatory Compliance

WHAT YOU WILL LEARN

By the end of this event the attendee should:  

• • CIPC warnings, notices and practice guidelines affecting compliance of your clients / employer / company.
  • Updated IRBA South African Auditing Practice Statement and related matters.
  • Know how to deal with the retention of records in preparation for drafting the financial statements. 
  • SARS enhancements to tax types, updating of eFiling guides, claiming home office expenses and updated interpretation note on wear-and-tear allowance.

DESCRIPTION

Accounting and audit practices fulfil an important compliance function within the South African economy. Of significance is the fact that the code of conduct of professional bodies requires professionals to act with fundamental principles including: integrity, objectivity, professional competence and due care, confidentiality, and professional behaviour. 

It is therefore important for accountants to remain current and updated with the latest and important binding notices, practice guidelines, rulings and compliance guides issued by CIPC,  SARS and other bodies.

PRICE

The following pricing apply:

Ad hoc: R475 for this webinar
Subscription: Included for free in Accountant in Practice plus Tax, Accountant in Practice and Bookkeeper package.

CONTENT

Study Unit 1 – SARS :

• Enhancements issued regarding various tax types.
• Updated schedule of write-off periods acceptable to SARS -  Binding General Ruling and Interpretation Note on Wear-and-tear or depreciation allowance.
• Updated eFiling guides for various tax types.
• Guidance on claiming Home Office Expenses.

Study Unit 2 – CIPC: 

• Notice re Solvency and liquidity test.
• Notice re Close Corporations without Accounting Officers.
• Notice and Practice Guideline re Independent Review & Reportable Irregularities.

Study Unit 3 – IRBA: 

• Updated SAAPS 3 (Revised May 2019) – Illustrative Reports.
• Plans for a separate standard on the Audits of Less Complex Entities.
• IRBA 2020 Public Inspections Report.
• Revisions to the Code Addressing the Objectivity of an Engagement Quality Reviewer and Other Appropriate Reviewers.

Study Unit 4 – Other updates: 

• New Extension of PAIA Manual exemption.
• POPIA and Information Regulator - Guidance Note on Information Officers, and other guidance notes issued.
• National minimum wage increased – effective from 1 March 2021.
• New Employee earnings threshold effective from 1 March 2021.
• New OHS direction with regard to vaccination in the workplace.
• Updated Retention of records guide by a Professional Body.

REQUIREMENTS

There are no preconditions for this course.
Moderate level.
Recorded webinar made available on a specified date

PRESENTER

ADDITIONAL MATERIAL

By attending this webinar, you will be provided with:
– Summarised slide presentation.
– Reference documents and / or course material where available.
– Access to a technical knowledge base.
– Recorded webinar that includes an expert presenter and participant interaction.