Overview 

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), RA 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; 

• Slide presentation summary of all new amendments; 

• Interactive session with the presenter; and 

• Online Q&A. 

 Learning objectives  

After attending this webinar you will: 

• 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. 

 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?
  • IFRS Monthly news summary
• Accounting issues
  • Headline Earnings Circular published for comment
  • Review of Merger and Acquisition accounting
  • Accounting for common control
  • Proposed amendments to IFRS 16 (Sale and leaseback)
  • Educational material: Climate change impact on fiancials

IRBA:

• Audit Reform Project (an overview):

- Auditing Profession Amendment Bill
- Enabler vs Victim by Prof Wiseman Nkulu

- BEIS Report on the Future of Audit

- Sir D Bydon’s Report of the Independent Review of the Quality and Effectiveness of Audit

- International Benchmarking

- Financial Reporting Council Developments

- IAASB Developments
- IESBA Developments

• Standards:
  None

• Legal/Ethics:

  • • Reminder concerning IRBA’s new CPD policy
• Other:
  • Disciplinary Committee’s merits ruling on African Bank matter

CIPC:

• Notices and Practice Notes issued (enforcement and to customers):
  • Notice 51 and 54 of 2020: Uploading of new eServices for online Co-Op registrations
  • Balance of notices relate to administration issues

LAST NOTICE DONE BY Lettie IN Nov:

• • Notice 49

COVID-19 Updates

• Important changes:
  • Waiting to see if any Presidential addresses happen considering increasing cases and the impact of the 2nd wave
• Legislative amendments:
  • None
• New announcements/guidance:
  • • Article of interest: How COVID-19 will impact December leave for workers in South Africa

Labour Law:

• Employment law:
  • • See COVID-19 update regarding leave

Other Laws & Regulations affecting your client AND impact on NOCLAR:

• This month’s big 5:

Issue 19 covers new relevant National laws up to 7 December 2020:

1. The Auditing Profession Act (Amendment Bill 2020);
2. The Compensation for Occupational Injuries and Diseases Act (Domestic Workers);
3. The Cybercrimes Bill (Version D);
4. The Disaster Management Act (Regulations and Directions); and
5. The Financial Advisory and Intermediary Services Act (Draft Regulations)
    

• Other acts and articles:
• The Cybercrimes Bill
• Update:
  • None

SARS:

Refer to December and November 2020 Maitland and Associates Tax Newsletter attached

Regulator news:

• IRBA News & press releases:
  • None
• SAICA press releases and other publications:
  • Quarterly update on Disciplinary Outcomes
• CIPC:
  • None
• FIC Advisory & Guidance:
  • None
• Companies Tribunal:
  • None
• LPC:
  • None
• CGSO:
  • None
• FSCA publications & press releases:
• Information Regulator:
  • None
• SARS:
  • Refer to Newsletters

General Announcements / News Releases:

• Media articles:
  • KPMG Report (UK) The New Customer
  • FM: To fight fraud, manage culture
  • The case for Outsourcing Collections at Accounting Firms (CPA)
  • IFAC – Enhancing Firm Credit Control and Fee Collection
  • IFAC – Anti Money Laundering – The Basics
  • IFAC – Accountants Supporting Sustainable Recovery

 Obtaining your CPD certificate   

This webinar qualifies for 2 CPD hours with your professional body including: ACCA, SAICA, AAT, SAIPA, SAIBA, IAC, CIS, ICBA, LSSA, FPI, and the IBA. 

All webinar attendees are issued with a CPD certificate available in an online profile.  

 Who should attend 

• Accountants in Practice: CA(SA), PA(SA), BAP(SA), ACCA, CIMA, IAC, AGA(SA), CIS, ICBA.  

• Practicing auditors, RA 

• Company secretaries 

• Legal advisors 

• Compliance officers 

Price:                     

• R 399.00 - Online admission - Individual 

• R 699.00 - Online admission - Company 

• Choose Individual if you would like to attend this event yourself or choose Company if you would like to broadcast this event to your entire firm. 

• This webinar is free if you are already an SAAA CPD subscriber. 

  • Click here to find out about the Technical Resource Centre & CPD Subscription options. 

  • Click here to create a profile and then register for the event (There is no charge to create a user profile and gain access to our free Monthly Practice Management Series). 

Additional material  

By attending this webinar you will be provided with: 

• Summarised slide presentation,  

• Detailed course material and reference documents.   

• You can ask questions during the webinar via the online portal, and you will also have access to me the presenter via e-mail after the webinar.