Eszter Rapanos, Author at CIBA Academy

New Exposure Draft: International Non-Profit Accounting Guidance (INPAG)

The IFR4NPO Project has reached a major milestone in developing International Non-Profit Accounting Guidance (INPAG). Led by Humentum, a non-profit membership association, and CIPFA, the Chartered Institute of Public Finance and Accountancy in the UK, the highly collaborative project design includes engagement and consultation with all types of stakeholders all over the world. INPAG is intended to be …

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IESBA research on the impacts of Technology on Ethics, reaffirming the relevance of #IESBACODE

Ethics / By Eszter Rapanos

18 November 2022 The International Ethics Standards Board for Accountants (IESBA) released its Technology Working Group’s final report, IESBA Technology Working Group Phase 2 Report. The report documents the impacts of disruptive and transformative technologies on the work of professional accountants and provides extensive analysis and insights into the ethical dimension of those developments. It …

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Amendments to Financial Intelligence Centre Act Schedules

Law / By Eszter Rapanos

30 November 2022 The Schedules in the Financial Intelligence Centre Act, 2001 (Act 38 of 2001) (FIC Act) were amended with changes coming into effect from 19 December 2022. The changes will significantly increase the number of sectors included as accountable institutions in Schedule 1 to the FIC Act. Additional sectors will improve the FIC’s …

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Important changes to CIPC e-services platform and implementation of card payments

Accounting / By Eszter Rapanos

20 November 2022 From the 5th December 2022, the CIPC will only accept debit/credit card payment method for transactions on the CIPC electronic platforms; however, EFTs and declining balances will be permitted for manual transactions. Application for refunds for unused balances should be made by using the functionality on the new, enhanced e-services platform which …

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BDO auditor fired for changing an audit file earmarked for investigation by the regulator

Assurance / By Eszter Rapanos

The UK regulator Financial Reporting Council (FRC) is an independent body responsible for monitoring the quality of major local audits revealed “significant weaknesses” in the BDO audit team’s documentation, archiving and engagement. It emerged that a member of the team working on a VfM (Value for Money) audit changed an audit file of an unnamed public …

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CIPC Notice – offices will be closed on Friday, 18 November

Accounting / By Eszter Rapanos

9 November 2022 CIPC offices in Pretoria, Johannesburg, Cape Town and Durban will be closed to the public on 18 November 2022. Various offices will be re-opened on Monday, 21 November 2022. The lodgment of documents will be accepted until 15:30 on Thursday, 17 November. Automated services that do not require back-office intervention will carry …

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ISSB at COP27 podcast available now

Assurance / By Eszter Rapanos

11 November 2022 At Sharm El-Sheikh’s COP27 the ISSB announced further steps in its delivery of the architecture needed for a global baseline, as well as partnerships agreed, that will help jurisdictions prepare for its implementation. The discussion in the podcast covers: ISSB announcements made at COP27 support for scalability and proportionality and collaboration on …

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ISSB at COP27: key announcements made on climate-related disclosure standards

Assurance, Maintain / By Eszter Rapanos

8 November 2023 The ISSB’s objective to provide better information for better economic and investment decisions continues to be driven forward in response to demand from international stakeholders. At Sharm El-Sheikh’s COP27 the ISSB announced further steps in its delivery of the architecture needed for a global baseline, as well as partnerships agreed, that will …

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Administrative penalties for late submission of tax returns

Tax / By Eszter Rapanos

10 November 2022 With effect from 1 December 2022*, administrative penalties relating to the late submission of a tax return will be charged when one or more tax return(s) relating to tax years from 2007 up to 2020 are outstanding. Prior to this change, taxpayers were only liable for administrative penalties for late submission if …

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Amended Mobile Tax Unit Schedules

Tax / By Eszter Rapanos

Confirm your amended Mobile tax schedules in KwaZulu-Natal and North West provinces during November & December here.

Eszter Rapanos