Overview   

An independent review engagement is less onerous to an audit. It is a voluntary assurance engagement that is opted for by entities that are not required to have a full audit by law.  The Companies Act, No. 71 of 2008 provides for close corporations, schools, trusts, partnerships and sole proprietorships to perform this type of engagement.   

So what is an independent review engagement? What criteria is used to determine whether a business entity qualifies for one or not? Lastly, who is qualified to perform an independent review?  

During this webinar we answer all these questions and go into a detailed discussion on the independent review engagement.  

Join Nestene Botha CA(SA) on 8 September 2021 from 9:00 a.m. to 1:00 p.m. as she takes you through the assurance engagement called an independent review.  

Learning objectives  

By the end of this webinar the attendee should: 

• Understand what an independent review is; 

• Understand how to calculate the Public Interest Score; 

• Understand how to perform an independent review engagement; 

• Understand how to establish a system of quality control for independent reviews; and  

• Be able to report on an independent review engagement.  

Content 

The webinar will cover the following topics:  

• What is an independent review engagement? 

• Independent review compared to audits and compilations.  

• Who regulates independent reviews?  

• The Public Interest Score (PIS) threshold and how to calculate it.  

• Accepting, performing, and completing the engagement.  

• Reportable irregularity i.r.o. regulation 29 of the Companies Act. 

• Professional skepticism and professional judgment within the review engagement. 

• Documentation requirements. 

• Ethical requirements. 

• Fraud and non-compliance with laws and regulations  

• Subsequent events.  

• The going concern conclusion. 

• Ensuring quality control in a review engagement.  

• Who can perform an independent review?  

• The different levels of independent reviewers.   

• How to become a licensed independent review practitioner. 

Obtaining your CPD certificate 

This training is compliant with the International Education Standard (IES7) issued by the International Federation of Accountants and recognised for CPD by relevant professional bodies including ACCA, CIMA, IAC, IIA, SAIBA, SAICA and SAIPA. 

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

About the presenter 

Nestene Botha CA(SA) 

Nestene completed her B.com (Hons) at North West University in 2012. In 2014 she completed her professional articles and her Masters Degree in Chartered Accountancy. She then registered with SAICA as a Chartered Accountant in 2015. 

Nestene has lectured on the audit programme at the University of Cape Town. She 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. 

Who should attend? 

The following persons will benefit from attending this webinar: 

• Professional Accountants including: RA(SA), CA(SA), PA(SA) and BAP(SA); 

• Accounting officers; and 

• Independent reviewers. 

Price              

• R 575.00 - Online admission - Individual. 

• R 950.00 - Online admission - Company. 

Steps to register for the event:  

If you already have a profile, login and register for the webinar. 

If you don’t have a profile, create a free profile then login and register for the webinar. 

Click here to create a free profile (There is no charge to create a profile and gain access to our free Monthly Practice Management Series). 

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

Additional material 

By attending this webinar you will be provided with: 

• A summarised slide presentation. 

• Reference documents and/or course material where available. 

• You can ask questions during the webinar and you will also have access to the presenter after the webinar.