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Tech Talk with Caryn Independent Reviews: When, what, how?

Overview of independent review engagements as required by the Companies Act, 2008

R 475
Category Assurance
Accredited SAIBA
CPD Hours 2
Effort 2 Hours
Duration 2 Hours
Format Webinar
Level Moderate
Assessment Yes
Supervised No
Pre-Entry No
Tuition Mandatory
Study Material No

What you will learn

By the end of this webinar the participant should:  

  • Understand what an independent review is; 
  • Understand the requirements of the Companies Act; 
  • Understand how to determine if a company qualifies for an independent review; 
  • Know who can perform an independent review; and 
  • Know how to perform an independent review. 

Study Units

What is an Independent Review?

Requirements of the Companies Act.

Calculation of the Public Interest Score.

Who can perform and Independent Review?

Compilation vs Independent Review.

Pre-conditions and accepting the engagement.

Engagement letter.

Ethical requirements

Professional scepticism and professional judgement.

Preliminary analytical review.

Areas that are likely to be misstated.

Documentation requirements.

Focused enquiries.

Additional procedures.

Reconciling financial statements to underlying records.

Related parties.

Fraud and non-compliance with laws and regulations.

Presentation and Disclosure.

Overall analytical review.

Evaluation of misstatements.

Letter of representation and management letter.

Reporting in terms of regulation 29 (RI).

Modified/Unmodified conclusion.


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


The following members will benefit from attending this webinar: 

  1. Business accountants in Practice (SA). 
  2. Accounting officers; 
  3. Trainee accountants; and 
  4. Accounting department staff. 


The Companies Act, No 71 of 2008 changed the landscape of regulation and compliance with respect to the auditing of companies.  In 2011, the Companies Act as amended, introduced an alternative level of assurance – the independent review. 

Independent review engagements are a less onerous alternative to a full audit. They however offer more assurance than compilations and accounting officer's reports. This webinar is aimed at clarifying what an independent review is, what it aims to achieve, as well as highlighting how it differs from other engagements. 


The following pricing apply: 

  • Ad hoc: R475.00  
  • Subscription: Accountant in PracticeAccountant in Practice plus tax, Bookkeeper, Quick Update


This webinar will be available from 29 April 2020. 


Caryn Maitland CA(SA) 

Caryn Maitland is a Chartered Accountant (SA). She has been a member of IRBA as a registered auditor and accountant since 2002. 

Caryn has lectured Auditing and Accounting at various institutions and has conducted independent workshops and seminars for professional accountants since 2006 on various topics. 

Caryn has presented on the national tour for the annual Legislation Update with ProBeta Training (Pty) Ltd in 2014 and 2015, as well as on the FASSET national tour for the Tax Administration Act in 2014.  


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


This webinar forms part of the following subscription packages: 

Accountant in Practice:Yes 

Accountant in Practice plus tax: Yes 

Bookkeeper: Yes 

Quickupdate: Yes

IFRS for SME's: No


Subscribers pay less for their CPD points. SAIBA offers 4 subscription packages that provides access to everything to run a successful accounting and tax practice. Pay a small monthly amount and gain access to monthly webinars covering ethics, financials, reporting, audit and assurance, working papers, law, technology, management topics, and tax. 

Click here to choose your subscription option. 

This event is included in the following subscription packages. If you are not a subscriber you need to purchase as a stand-alone event.