SARS Access To Working Papers 2019 Studio Recording
SARS Access to Working Papers
Presenter: Lettie Janse van Vuuren CA (SA), RA
Learning objectives:
By the end of this event the participants should understand:
- Who has the ownership of working papers;
- Their responsibility for granting access to working papers;
- Circumstances where access to working papers is required by law;
- Circumstances where access to working papers is in compliance with reporting standards (ISA, ISRE, ISRS, and accounting officer);
- Circumstances where they are contractually bound to provide access to working papers; and
- Potential risks when granting access to working papers to third parties, including SARS, SAPS, CIPC, client's attorneys, professional bodies)
Content:
The webinar will cover the following topics in detail:
- Who owns your working papers?
- How to balance the client's right to confidentiality and request from third parties for access to working papers.
- When and how to deny access to your working papers.
- Circumstances where access should be granted to third parties:
- Access required in terms of the Tax Administration Act, POPI, court proceedings, SAPS investigations, CIPC, or foreign jurisdictions.
- Access required in compliance with International Standards and the Code of Professional Conduct for IRBA, SAICA, SAIPA, and SAIBA.
- Access required by internal staff and successor practitioners.
- Access requested in terms of a contractual agreement.
- Potential risks when granting access to working papers to third parties.
- Policies and procedures regarding access to working papers:
- Engagement letters.
- Internal procedures to handle the request for access.
- Client authorisation letters.
- Third party acknowledgements ("Hold harmless letters")
- Extracts from sections 176, and 213 of the Companies Act, 2008.
- Extracts from section 46 and 241 of the Tax Administration Act, 2011.
- Latest SARS, CIPC and IRBA publications on access to working papers
