Independent Reviews ISRE: 2400 July 2024

Available from

5 July, 2024



Course Category:

Practice Management



The landscape of regulation and compliance with respect to the auditing of companies was changed in 2011 with the introduction of the independent review. July 2024


Category: Independent Review

R 375 VAT Incl.

Product Information

What you will learn

By attending this webinar you will gain the following competencies: 

  • Understand what an independent review is and the business entities that qualify for one.   
  • Knowledge of specific sections of the Companies Act that pertain to independent reviews.  
  • Understand the procedure to follow when you encounter reportable irregularities. 
  • Know the full requirements for qualifying to become a licenced independent reviewer. 
  • Be able to correctly report on an independent review engagement. 



The landscape of regulation and compliance with respect to the auditing of companies was changed in 2011 with the introduction of the independent review. Not to be confused with an audit which gives a high level of assurance with the expression of a positive opinion on the financial statements, an independent review expresses a negative opinion and provides limited assurance.   

With this introduction, the “new” Companies Act provided for close corporations, schools, trusts, partnerships and sole proprietorships to perform this less onerous and voluntary assurance engagement. Although less onerous, licenced independent review practitioners need to strictly follow laid out regulations that are closely guarded by the CIPC.   




The following pricing apply:

Adhoc: R375.00



The webinar will cover the following topics:  

  • ISRE2400 (Revised) – Engagement to Review Financial Statement. 
  • Companies Act 71 of 2008. 
  • Accounting standards. 
  • Who can perform an independent review? 
  • The Public Interest Score (PIS) threshold.  
  • How to compile an independent review engagement report. 
  • Reportable irregularities. 
  • How to obtain an independent reviewer licence. 



The following CPD is awarded 4 Units Independent Review.



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



Jako Liebenberg CA(SA)

Jako Liebenberg qualified as a Chartered Accountant and Registered Public Auditor in 2001. His entire career has been in public practice except for a stint as CFO in the Free State Provincial Government from 2010 to 2012.

Jako consults for clients across South Africa on Accounting Standards and Compliance, Broad Based Black Economic Empowerment, Tax and Business Development. He serves as an assessor in the Free State High Court of Appeals as representative in Public Practice. Jako is also a registered SAICA assessor for Trainees. 


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