Available Course
Bodies Corporate and Estate Agents ( Accounting and Auditing Requirements)
>> Click here to book this training as an In-House course <<
| Duration: | 1 Day |
| CPD Hours: | Attendance at this seminar will secure 6.5 hour/s verifiable CPD points including other professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc) |
| Course Facilitator: |
Tristan White
T: 011-886-1395 E: nerissa@probetatraning.co.za |
| Back | |
Bodies Corporate – Accounting Requirements and Audit Considerations
Body corporates are high-risk engagements for auditors and accountants, as multiple sets of legislation affect the accounting function and become relevant for audit.
Are you including these accounting implications in your scope of audit work?
Estate Agents – Accounting and Auditing Requirements
Estate Agents have unique audit requirements that extend from the business records to the trust accounts.
Are you comfortable with your responsibilities in terms of:
- Audit procedures,
- Audit reports,
- Auditing an agent’s compliance with other legislation e.g. FICA, Debt Collectors Act, etc., and
- Deciding which assurance standards to apply to business VS trust audits?
Bodies Corporate – Accounting Requirements and Audit Considerations
Simplify the accounting requirements which become relevant for audit, arising from the following legislation:
Sectional Titles Schemes Management Act + Regulations + Rules + Annexures
Community Schemes Ombud Service Act + Regulations + Annexures.
Identify and clarify:
Audit requirements of a body corporate
Prescribed Management Rules that need to be audited for compliance
Reserve Fund minimum amount calculation
Phases of the audit, pre-engagement planning, execution, finalisation
Audit report that will need to be prepared
Taxation requirements
Other reporting requirements
Estate Agents – Accounting and Auditing Requirements
Pointing out illustrative audit procedures for business and trust audits
Determining appropriate assurance standards for business VS trust audits
Understanding what’s included in the scope of a trust audit
Discussing the impact of other legislation on the audit
Highlighting the extra audit work required by IRBA’s illustrative audit report
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