Price:
R379.50 (VAT Incl.)
Level:
Accounting Professionals
Sub-level:
Compilation Engagements
Lecturer:
Yvonne Rossouw
Duration:
105 Minutes
Additionals:
R379.50 (VAT Incl.)
Level:
Accounting Professionals
Sub-level:
Compilation Engagements
Lecturer:
Yvonne Rossouw
Duration:
105 Minutes
Additionals:
CPD Assessment
Certificate
Certificate
Lesson Outline
Are you aware that ISRS 4410 is applicable to all professional accountants who sign of an independent compilation report?
The Companies Act also prescribe specific requirements for compilers of financial statements that must be adhered to.
During this lesson we will take an in detail look at the requirements of the Companies Act when compiling and preparing financial statements, as well as the steps that must be performed should an independent compilers report be prepared
• Companies Act requirements
o Framework to be used
o Specific disclosure items
o Qualifications necessary to compile/prepare AFS
o Difference between internally compiled and independently compiled
o 6-month deadline for compilation
o Consequences of non-compliance
• ISRS 4410
o Terms of engagement and engagement letter
o ISQC1 requirements such as acceptance and continuance of client
o Ethical requirements in terms of the code of conduct
o Procedures to be performed for compilation engagements
o Reporting responsibilities
Practitioners report
Reporting to CIPC
Reporting on NOCLAR identified
The Companies Act also prescribe specific requirements for compilers of financial statements that must be adhered to.
During this lesson we will take an in detail look at the requirements of the Companies Act when compiling and preparing financial statements, as well as the steps that must be performed should an independent compilers report be prepared
• Companies Act requirements
o Framework to be used
o Specific disclosure items
o Qualifications necessary to compile/prepare AFS
o Difference between internally compiled and independently compiled
o 6-month deadline for compilation
o Consequences of non-compliance
• ISRS 4410
o Terms of engagement and engagement letter
o ISQC1 requirements such as acceptance and continuance of client
o Ethical requirements in terms of the code of conduct
o Procedures to be performed for compilation engagements
o Reporting responsibilities
Practitioners report
Reporting to CIPC
Reporting on NOCLAR identified