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Compliance and Legislation Update - January 2020

Our Monthly Legislation and Standards Update provides a summary of some of the most important legislation updates from the previous month.

R 399
Category Accounting
Accredited SAIBA
CPD Hours 2
Effort 2 Hours
Duration 2 Hours
Format Webinar
Level N/A
Assessment Yes
Supervised No
Pre-Entry No
Tuition Optional
Study Material No

What you will learn

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. 

Study Units

Updated VAT 404: Guide for vendors

BPR 336 – Liquidation distribution

The validity period of the Confirmation of Diagnosis of Disability (ITR-DD) form has been extended

IT 24614 – Whether the Appellant was entitled to a deduction for what SARS regarded as a loan

IT 14157 – Whether the Appellant was an independent contractor that was not obliged to deduct SDL & PAYE

Red Ant Security Relocation and Eviction Services (Pty) Ltd v CSARS (2999/18) – Whether applicant entitled to urgent interim interdictory relief in respect of withdrawal of tax compliance status by SARS

CSARS v Spur Group (Pty) Ltd – Whether contribution to employee share incentive trust in the production of income and hence deductible under section 11(a)

CSARS v Danwet 202 (Pty) Ltd – Condonation for late filing of an appeal against an assessment

CSARS v Pieters and Others (1026/17) – Contracts of employees terminated; awards to employees not subject to PAYE

Africa Cash & Carry vs CSARS – Whether SARS proved that the methods of assessment used were reasonable; whether the tax court ought to have remitted the assessment; section 89quat interest

exercised its discretion in circumstances where Commissioner for the South African Revenue Service had not issued a final assessment

CSARS vs Clicks Retailers (Pty) Ltd – Whether amount received from earlier sales used to finance future expenditure on same contract

IFRS Monthly news summary

Proposed Guide for Registered Auditors: Joint Audit Engagements

Guidance Note 2 of 2019 – Time Periods for Filing Annual Returns and Annual Financial Statements

Notice 79 of 2019 – Disqualified directors’ letters

Professional bodies highlight CIPC Compliance checklist challenges

3 Decisions reached on cases heard (2 Name disputes, 1 AGM, 0 Exemptions from SEC, 0 Directorship dispute, 0 Reviews)

Update on Parental Benefits in terms of the BCEA – effective 1 January 2020

6 planned laws for South Africa you should know about in 2020

IRBA Issues a New CPD Policy and Related Guidance

IRBA launches Audit Quality Indicators: Evaluating audit quality and promoting transparency of audit firms

SAICA’s latest developments in the auditing profession

Professional bodies SMP Q3 Newsletter

Audit Requirements relating to the Business Accounts of Legal Practitioners now clarified

Professional Bodies new CPD Policies

Domain Name Disputes: Does the Tribunal have jurisdiction over Domain Names?

PCC41: Awareness on protecting NPO sector from Money Laundering and Terrorist Financing

Call for comments: Draft PCC 102 on Supervisory Body Access to STR and STR Information

Call for comments on South Africa’s Targeted Financial Sanctions Regime Draft Document PCC 104

FIC Supervisory Body: SARB fines Standard Bank R30m & imposes penalties on 4 other banks

Media release: Public Private Sector Partnership to assist in Combating Financial Crime

CGSO Annual report released

CGSO Press release – Rights & Responsibilities of Consumers & Suppliers during Black Friday

The National Consumer Commission slaps Ford Motor Company of Southern Africa with a fine of R35m

Slow or no justice for buyers of dodgy cars despite Consumer Tribunal 'help'

FSCA Update on public warning regarding Karatbars International GmbH

FSCA provisionally withdraw the licence of Exclusive Life Financial Services (Pty) Ltd

FSCA eNewsletter – FSCA Bulletin 2019/2020

2 Warnings issued to the public against fraudulent FSPs

The end of annoying marketing calls in South Africa

Here’s when you are allowed to drive in the emergency lane in South Africa

Requirements

Who should attend 

  • Accountants in Practice: CA(SA), PA(SA), BAP(SA), ACCA, CIMA, IAC, AGA(SA), CIS, ICBA.  

  • Practicing auditors, RA 

  • Company secretaries 

  • Legal advisors 

  • Compliance officers 

Description

Accountants and auditors must stay informed about changes in legislation and regulations that affect their firms and the business of their clients.  

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.

 

DATE

  • This webinar recording will be available from 24 January 2020

PRESENTER

Lettie Janse van Vuuren

Technical expert Lettie Janse van Vuuren CA(SA), RA, CBA(SA) researches and summarises all relevant and important changes on a monthly basis and presents this in an easily understandable webinar.