Monthly Update – Compliance and Legislation February 2024

Available from

26 February, 2024



Course Category:

Financial Reporting

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



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.



The following pricing apply:

Adhoc: R304.00

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



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: 

  • Standards – What’s new?
    • IFRS – iFRS Monthly News Summary
    • IASB – IASB and ISSB joint monthly meeting
    • IASB – Update on IASB’s Work Plan
  • Accounting issues
    • JSE – Pro-active monitoring event
    • IASB – Proposed amendments to IFRS 7, IAS 1 and IAS 32 – comment deadline
    • IASB – Update on the extractive activities project published
  • Public sector
    • ASB – GRAP 108 Post Implementation Review
    • AG – Departmental 2023-24 AFS Specimen
    • Technology
    • IPSASB – 2024-2028 Strategy and Work Program Consultation
  • Standards
    • IRBA – Revisions to the Definitions of Listed Entity and Public Interest Entity
    • IRBA – Board Adopts Narrow Scope Amendments to ISA 700 (Revised), and ISA 260 (Revised)
  • Legal and ethics
    • IESBA – Proposed International Ethics Standards for Sustainability Assurance (IESSA)
    • IESBA – Explanatory memorandum for the proposed IESSA 
    • IESBA – Exposure draft: Using the Work of an External Expert
  • Other
    • ISACA – Six Benefits of a Cybersecurity Audit (and 6 Steps to Perform One)
    • IRBA – The new IRBA rule for Enhanced Auditor Reporting
CIPC:  Notices and Practice Notes issued (Enforcement and to customers):

  • Notice 1 of 2024: Disparity of registration and incorporation dates
  • Notice 2 of 2024: Filing of Director Amendment Applications
  • Notice 3 of 2024: Deregistration of companies and CCs
  • Notice 5 of 2024: Beneficial Ownership Enforcement
  • Media Statement 1 of 2024: CIPC emphasises need for multi-factor authentication for director amendments
Financial Intelligence Centre (FIC) 
  • FIC Advisory & Guidance
    • FIC Annual Report: FICA non-compliance statistics & trends
    • Learnings from the 2022/2023 FIC Annual Report
    • Draft sector risk assessment – Assessment of the inherent money laundering and terrorist financing risks for accountants
    • Draft sector risk assessment for dealers in precious metals and stones
    • Consequences of non-compliance with FICA for all accountable institutions
    • Guide to identifying and reporting suspicious behaviours and transactions
  • Important issues
    • Terrorist Financing: Prevention Guidelines issued for Banks
    • FICA 2023 Round-Up: A Summary of Greylisting, New FICA Directives & Amendments
    • FICA Documents needed to adequately perform Due Diligence
    • The importance of continuous screening
Sustainability & Integrated Reporting 
  • IFRS Foundation – New resources on emissions reporting using GRI and ISSB Standards
  • IASB – Climate-related and Other Uncertainties in the Financial Statements
  • IAEW – Finance leaders highlight AI skills shortage
  • ISACA – Responsible AI Governance in Traditional and Emerging Ecosystems
Labour Law:  Employment law:

  • CCMA warning for businesses in South Africa – BusinessTech
  • New laws for remote worker and critical skill visas in South Africa
  • Days to take off in 2024 to get the most out of public holidays and paid leave – BusinessTech
Other Laws & Regulations affecting your client AND impact on NOCLAR:  Other acts and articles:

  • Small Enterprise Amendment Bill: Revised Version available
  • DoJ’s rescue plan for the Master’s Office
  • Guides (new, updated & issued):
    • Customs: South African Traveller Management System – 3 Guides
  • Binding Rulings (Private/Class/General) issued: 
    • BPR 403 – Taxation of covered persons in respect of equity linked notes
    • BPR 402 – Transfer of long-term insurance business to a local branch of a foreign reinsurer
    • BPR 401 – Leasehold improvement allowance
    • BPR 400 – Donations tax implications on the issue of shares at nominal value to enhance BBBEE credentials
    • BGR 68 – Acceptable Documentation for Input Tax on Upward Adjustments on Imports
    • Notices and other publications issued:
      • 2023 Tax Amendment Acts gazetted
      • Average Exchange Rates
    • Taxpayers must be on the lookout for New Scams:
      • Summons Notice via email
    • High court case:
      • Canyon resources
  • Also see Maitland & Associates Inc News Round Up – January 2024 distributed to attendees.
Regulator news: 
  • CIBA
    • Accounting Weekly Newsletter 
    • CFO Talks
    • Various guides are available to members in good standing
  • IRBA
    • IRBA ends 2023 with a 30 percent reduction in backlog of investigations
    • Notice of withdrawal and reissuance of Maximum Fines for Auditors guilty of improper conduct
    • IRBA The how, where and what of Trade Mark registration for SMMEs in South Africa debunking common misconceptions – part 1
  • SAICA 
    • SAICA Code of Professional Conduct
  • Information Regulator
    • Clampdown on direct marketing calls in SA starting this week
  • Companies Tribunal
    • 15 Cases finalised in Dec 2023 
    • Bulletin Newsletter
  • Property Practitioners Regulatory Authority
    • The property practitioners’ landscape: reminder of late submission penalties
  • CGSO
    • Consumer Alert:
    • Newsletter
    • Circular 6 of 2023 (Emolument attachments and other matters 
  • OTO
    • Annual Report 2022/2023
    • Special edition Newsletter – Nov 2023
  • IFAC
    • Plan to Revise International Education Standards for Sustainability Reporting and Assurance
  • SARS
    • Latest VAT Connect Newsletter 
  • FCSA publications 
    • eNewsletter
    • FSCA Press Release – The FSCA welcomes Supreme Court of Appeal judgement against Fusion Guarantees (Pty) Ltd
    • FSCA imposes an administrative penalty and debarment on Mr Jacobus Stephanus Geldenhuis (and Classic Financial Services has been liquidated)
    • FSCA warns the public to be cautious of scams and fraudulent activities this festive season
    • FSCA informs the public of an investigation into the business activities of BFG Engineering Brokers (Pty) Ltd
    • Request for information from investors of BHI Trust

    5 Warnings issued against fraudulent FSPs



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



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



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.


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