Monthly Update – Compliance and Legislation August 2024

Available from

30 August, 2024

CPD

Course Category:

Financial Reporting

Level:

Moderate

Our Compliance and Legislation Update webinars provide a summary of some of the most important legislation updates. August 2024

Category: Financial Reporting and Ethics.

R 304 VAT Incl.

Product Information

What you will learn

After attending this webinar you will:

Stay up to date with the most important legislation updates;
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.

Description

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

Technical expert Caryn Maitland CA(SA) researches and summarises all relevant and important changes on a monthly basis and presents this in an easily understandable webinar. 

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.

Stay up-to-date on recent and important legislation developments in auditing, accounting, tax, SARS operations, CIPC operations, Labour and other relevant laws by joining us for the webinar.

Price

The following pricing apply:

Adhoc: R304.00

Subscription: Included for free in Accountant in Practice, Accountant in Practice plus Tax, Bookkeeper and QuickUpdate packages.

Content

These are examples of the topics covered that will include legislative, regulatory, industry standards, items and guides that have been issued and/or updated during the preceding month and will be covered in the webinar: 

IFRS:	Standards – What’s new? IASB – Proposed amendments to IFRS 19 published IASB – Proposed IFRS Taxonomy Update (IFRS 18) IASB – Narrow scope amendments to IAS 21 published IASB – Impairment requirements and credit risk disclosure requirements IASB – Amendments to clarify the classification and measurement of financial assets with ESG and similar features published Accounting issues IFRS – Eight illustrative examples to improve reporting of climate-related and other uncertainties in financial statements published Public sector OAG – Accounting manuals for government departments OAG – AFS template for departments issued OAG – GRAP Disclosure Checklist for the 2024-25 financial year issued
Auditing (IRBA, IAASB, etc):	Other IRBA – Staff Practice Note 10: Acceptance and Continuance of Client Engagements FRC – Annual Tier 1 audit firm inspection results published
CIPC:	Notices and Practice Notes issued (Enforcement and to customers): Notice 51 of 2024 CIPC CC transfer of member’s interest Notice 35 of 2021 Rotation of Auditors Notice 44 of 2024 Notice BR Status Reports Notice 46 of 2024 Delays in Re instatement applications and common causes Media Release Update Nova Sharemax inter reg investigation
Financial Intelligence Centre (FIC)	FIC Advisory & Guidance SA heightened terrorist financing rating Update on the risk and compliance return Notice PCC 59 issued on beneficial ownership Nedbank fraud warning for South African banking customers
Sustainability & Integrated Reporting	Important issues: Sustainability ISSB – Further harmonisation of the sustainability disclosure reporting landscape during the IFRS Foundation Conference ICMA – Release of new resources on Sustainability-Linked Bonds, Green Bonds and Sustainability-Linked Loans Financing Bonds EU – CSRD FAQ to Help Companies Implement New Sustainability Reporting Rules published Important issues: Technology (Articles) What are the main ethical challenges of implementing AI? Five steps accountants must take when adopting AI Building a Better Auditor: What AI Can’t Do Building a Better Auditor: The Powerful Synergy of EQ and AI AI Algorithm Audits: Key Control Considerations The Age of Generative AI: How Audit Committees Can Respond Audit Committee Oversight in the Age of Generative AI
Labour Law:	Employment law: SA unemployment rate up to 33.5% Landmark ConCourt judgment reinforces employee rights in transfer case
Other Laws & Regulations affecting your client and impact on NOCLAR:	Other acts and articles: Companies Act amendments Public Procurement Act 28 of 2024 Climate Change Bill signed into Law Pension Funds Amendment Bill Extension of submission period for rule amendments giving effect to the Two-Pot System Public consultation on the draft Determination of Conditions for Legacy Retirement Annuity Policies to be excluded from the Two–Component System
SARS:	Guides (new, updated & issued): See Maitland & Associates Inc News Round Up – May 2024 distributed to attendees.
Regulator news:	CIBA Accounting Weekly Newsletter CFO Talks Various guides are available to members in good standing IRBA Judgement: IRBA Others v East Rand Member District Companies Tribunal 10 name disputes 3 directors’ dispute 3 exemptions 1 AGM granted 1 Other matter Competitions Commission Commission prohibits transaction between United Container Depots and Kings Rest Container Park Tuberculosis patent complaint Statements on the latest decisions taken by the Commission 9, 16 and 25 July R21m administrative penalty FCSA publications FSCA Press Release – Freedom Capital Investment Managers Public Warning FSCA Press Release – FSCA warns public against individuals impersonating Bovest Wealth Management (Pty) Ltd FSCA Press Release – FSCA warns the public against Durban Forex Group FSCA Press Release – FSCA warns the public about FXMG MT4 Traders

Certificate

The following CPD is awarded: Financial Reporting 2 units, Ethics 1 unit.

Requirements

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

Presenter

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.

CIBA Academy Support

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