Back to Basics Companies Act Series

sHORT DESCRIPTION

June-Sep2020 Overview and insight into the Companies Act that accountants need to know.

WHAT YOU WILL LEARN

By the end of this event the participant should have an overview and insight into the Act and its day-to-day practical application, relating to the following topics:

  • Calculating the PIS and its Impact on Assurance 
  • The overarching principle, concepts of the Act and types of Companies (CC’s and NPOs included) 
  • Drafting a Memorandum of Incorporation 
  • Being a Shareholder and Shares – Rights, obligations and responsibilities 
  • Being a Director – Rights, obligations and responsibilities  
  • Accounting, Assurance, Governance  and Transparency 
  • Business Rescue and Liquidation
  • CIPC, the Tribunal, The Takeover Panel and other role players  

DESCRIPTION

Our Back to Basics Companies Act Series is designed for the accountant who is just starting out, as well as the practitioner that wants a refresher course on the Companies Act and how it has settled down into the South African corporate landscape.  

The Companies Act became effective on the 1st of May 2009 and it is vital that everyone in the accounting/auditing fraternity understands the basics of this cornerstone legislation of the corporate world.

This series with our technical expert Caryn Maitland CA(SA), is structured into bite-sized pieces that are topic related and designed to give an overview and insight into the Act and its day-to-day practical application.

PRICE

The following pricing apply:

Adhoc: R1900

Subscription: N/A

CONTENT

Study Unit 1

Calculating the PIS and its Impact on Assurance

In this first webinar of our Back to Basics Companies Act Series, we will break down the 4 elements of the PI Score calculations, discussing the practical challenges of each element. We will also tackle the impact of the PI Score on:

  1. The assurance requirements of the Companies Act (Whether to perform an audit or an independent review); and
  2. The accounting framework selection for a company.

We will close off by discussing other consequences and impacts of the PI Score.

Study Unit 2

The Overarching Principle, Concepts of the Act and Types of Companies

In this second instalment of our Back to Basics Companies Act Series, we look at the core ideas and principles of the Act, including overarching principles such as shareholder activism, solvency and liquidity, constructive notice, related parties, types of companies as well as the Act’s position within the framework of statute.

Study Unit 3

Drafting a Memorandum of Incorporation

The Memorandum of Incorporation (MoI), is the most important document under the Companies Act.  This session will unpack why this document is important, what needs to be included in it, and considerations to be looked at when drafting an effective document.

Study Unit 4

Being a Shareholder – Rights, Obligations and Responsibilities

Company shareholders and directors are important stakeholders of a company. In this series we are going to discuss these important stakeholders’ rights, obligations and responsibilities in two separate sessions. We will discuss shareholders first by looking at their rights, responsibilities, meetings and access to information.  We will also cover all the issues around securities in the form of shares and debt.

Study Unit 5

Being a Director – Rights, Obligations and Responsibilities

Having covered the rights, obligations and responsibilities of shareholders, we will now look at the same for directors. Directors need to fully understand their obligations, liabilities as well as what is expected of them with respect to their code of conduct.  In this webinar we will clearly identify what defines a director, what makes them eligible, what disqualifies them, how they can be removed, and so on. As far as directors’ conduct is concerned, we will unpack indemnification and good corporate governance through committees.

Study Unit 6

Accounting, Assurance, Governance and Transparency

So far in this series we have covered types of companies, how to draft an effective MoI, stakeholders’ rights, obligations, and responsibilities, as well as important concepts of the Act. We started off the series by looking at the PI Score. In this session we will now cover everything from accounting records to financial statements and assurance. We will unpack the issues surrounding the auditor and independent reviewer, as well as the role of the Company Secretary, Audit Committee, and the Social and Ethics Committee.

Study Unit 7

Business Rescue and Liquidation

In this webinar we will essentially cover the death of a company.  We will look at the challenges around business rescue and the overview of the process and where the law stands with regards to the occurrence of the unfortunate issue of company insolvency.

Study Unit 8

CIPC, the Tribunal, The Takeover Panel and other role players

The final webinar in the series will pick up on all the bits and pieces not covered elsewhere, as well as other major role players in the Act.  We will also cover the CIPC’s powers, documents that need to be filed with the CIPC, offenses and penalties, and finally, an overall wrap up of the series.

REQUIREMENTS

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

PRESENTER

Caryn Maitland CA(SA)

Caryn Maitland CA(SA) has been a member of IRBA as a registered auditor and accountant since 2002. She has lectured Auditing, Financial Management and Accounting at various institutions for learners up to the MBA and Postgraduate Diploma levels. She has also conducted independent workshops and seminars for professional accountants since 2006 on various topics. Between 2011 and 2013, Caryn had a two-year stint as visiting Associate Professor at the University of Limpopo. 

Caryn is also a platform presenter for SA Accounting Academy, ICB and Chartered Secretaries of SA. Since 2018 she has worked extensively with commerce and industry, assisting analysts, directors and other users of financials to interpret, prepare, analyse and forecast based on the results of financial statements.

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.

CONTACT US

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