If you do not inform us that you are unable to attend the webinar training session, and we are unable to reach you to confirm whether you would like access to the edited recording, your booking will automatically be credited after one week. You will then need to rebook the lesson through our Akhanani website.
Ms Lynette Badenhorst
29 Aug '24
09h00 - 11h00
2
Attending the course and successfully completing the post-assessment, will grant you
2 hour/s verifiable CPD, recognised by the various
professional bodies (SAICA, SAIBA, SAIT, SAIPA , ACCA, IACSA & IRBA). Please note that the
CPD certificate will only be issued once the post-assessment has been completed.
Web Based (Online)
LYNETTE BADENHORST
lynette@probetatraining.co.za
A topic that causes a lot of uncertainty in the profession is that of insolvency, mainly because there are different types of insolvencies that must be considered by the accounting professional.
Accounting professionals also have a duty to report these insolvencies whilst performing certain types of engagements.
Information about these insolvencies and how to deal with them are not always readily available, therefore I have decided to put together this presentation in order to assist practitioners in this regard.
During this presentation I will be answering the following questions.
What is the difference between the following?
• Technical or factual insolvency
• Commercial insolvency
• Financially distressed
• Going concern problems
• Fraudulent or reckless conduct
• Common law fraud
When does any form of insolvency becomes an irregularity?
When does insolvency constitute an offence or infringe a statutory or common rule?
When should the auditor report insolvencies?
When should the independent reviewer report insolvencies?
When should the accounting officer report insolvencies?
When must the directors of a company perform a solvency and liquidly test?
Under which circumstances will the Commission issue a notice to a company to cease trading?
What effect will the following have on the insolvency position of a company?
• Subordination agreements
• Letter of comfort
• Guarantees
• Letter of support
What type of liability could an auditor, independent reviewer, accounting officer or director of a company of a director incur for not dealing in an appropriate manner with any form of insolvency
