In early 2023, SAICA published an updated set of illustrative financial statements for body corporate entities.
The Sectional Titles Schemes Management Regulations make it a requirement to incorporate additional disclosures in a set of financial statements, and SAICA’s illustrative financial statements attempt to provide suggested examples of how those disclosure requirements can be met.
Identify, discuss and simplify the disclosure requirements that are to
form part of a body corporate’s financial statements from relevant
Prescribed Management Rules in the STSM Regulations
Navigate through SAICA’s illustrative set of financial statements
Identify how SAICA’s illustrative set of financial statements has addressed the specific disclosure requirements
Provide suggested examples of how the disclosure requirements can be
met over and above the examples set out in SAICA’s illustrative financial
statements, where possible
Discuss any changes from the previous draft version of SAICA’s
illustrative set of financial statements for body corporates, published
end of 2021.
