Third party access to working papers

WHAT YOU WILL LEARN

By the end of this webinar members should be able to understand: 

• Privacy obligations in terms of working papers.  
• Rights and obligations in respect of working papers;
• The rights of the state to access your working papers.
• How to handle a request for access to working papers.

DESCRIPTION

Preparing financial statements for clients requires that members keep a working paper file. This file records the assumptions made and confirmations of amounts as reflected in the financial statements.

These reflections and confirmations are based on information provided to the business accountant by the client. Under limited circumstances regulatory agencies may access the members working papers in order to build a case against a client in the event of underpayment of taxes, or non compliance. These third parties include SARS, CIPC, professional bodies, SAPS, the Hawks or the client’s attorneys. 

This webinar explains the circumstances under which it is lawful, reasonable and procedurally fair for regulatory agencies to obtain clients’ personal information, from the business accountant. It is important that every accounting/ tax practitioner protects their clients’ information while at the same time they are complying with relevant legislation such as the POPI Act.  

PRICE

The following pricing apply:
Ad hoc: R475.00
Subscription: N/A.

CONTENT

Study Unit 1

Client’s right to confidentiality

Study Unit 2

Third parties’ right to personal information

Study Unit 3

When and how to deny access

Study Unit 4

Circumstances where access should be granted to third parties:

• Access required in terms of:
  • The Tax Administration Act;  
  • The Companies Act;  
  • POPI Act;  
  • Court proceedings;  
  • SAPS/ Hawks investigations;  
  • CIPC requirements; and   
  • Other authorities.    
• Access required in compliance with: 
  • International Standards;  
  • IRBA;  
  • Professional Bodies; and  
  • SAIBA.  

Study Unit 5

Access required by internal staff and successor practitioners.

Study Unit 6

Access requested in terms of contractual agreements

Study Unit 7

Potential risks when granting access

REQUIREMENTS

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

PRESENTER

Nestene Clausen CA(SA)  

Nestene completed her B.com (Hons) at North West University in 2012. In 2014 she completed her professional articles and her Masters Degreeand is a qualified CA(SA). 

Nestene has lectured on the audit programme at the University of Cape Town. She successfully helped to establish a branch for Real Time Accounting in Tableview where her role was to evaluate, improve & implement a brand building & marketing strategy for the RTA brand. After this stint at RTA, Nestene started her own audit, tax & accounting practice which she has since grown into a reputable firm in the Tableview area with 60 clients and two staff members.

ADDITIONAL MATERIAL

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
• Recorded webinar that includes an expert presenter and participant interaction