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Communiqué - 30 April 2009

Last Updated 30 April 2009 12:01:31 PM


Communique 30 April 2009
Standards and Legislation
Companies Act Legislation
Companies Act, 71 of 2008
New Companies Act signed and regulations still to be stipulated. More information on the regulations, follow the link below.

Accounting
Financial Reporting Framework for Non-Public Entities
The proposed Framework for Non Public Entities (ED 257) has been published for comment by an Independent Working Group. Due to interest expressed by ECSAFA and other constituencies the comment period has been extended to 15 May 2009. To view the Exposure Draft, follow the link below.

CFA constituents support a single set of accounting standards 
A survey conducted by the Certified Financial Analysts (CFA) Institute reveals an overwhelming support for a single set of accounting standards issued by the IASB. The survey also shows that a significant majority of people support the current steps aimed at achieving global convergence between IFRS and US GAAP.

Core accounting standards freely available
Following the constitution review conducted in 2008 by the Trustees of the International Accounting Standards Committee Foundation (IASCF), core standards (excluding additional material such as the Basis for Conclusions and Implementation Guidance) are now freely available on the IASB website.

Latest/updated list of accounting Standards/Interpretations issued not yet effective
The accounting technical section on the SAICA website now provides a permanent link to the latest list of Standards/Interpretations that have been issued, with their effective dates. This list reflects up to date information of the Standards/ Interpretations that an entity should disclose in terms of IAS 8(AC 103).

Financial Services
Exchange Control policy in respect of intellectual property
The Exchange control department of the South African Reserve Bank (EXCON) has issued various policies regarding intellectual property (IP).

Council for Medical Schemes Circular 6 of 2009
The Council for Medical Schemes (CMS) has released comments on the Risk Equalization Fund (REF) submissions for the first two quarters of 2008. Medical schemes are encouraged to review the comments on their REF submissions and consult the CMS where required.

Council for Medical Schemes Circular 7 of 2009
The deadline for the submission of comments on the third draft of the Prescribed Minimum Benefit (PMB) has been extended to 11 May 2009. Members are encouraged to submit comments, which will be considered to finalise the PMB content and structure.

Tax
Integritax
For the latest issues on taxation, follow the link below.

SARS
General information from SARS
For the latest information and updates, follow the link below.

Market IQ Marketing and Communication
SAICA online media coverage
Market IQ
For the latest SAICA online media coverage and issues affecting the profession, follow the link below.

Muneer Hassan SAICA Corporate Media Releases
Turn over tax: small businesses poised to reap admin savings
SA's new turnover tax effective 1 March 2009, will be of substantial benefit to many SA micro enterprises.

Muneer Hassan Tax payers must take careful note of non-compliance penalties
Onerous SARS regulations prescribing administrative penalties for non-compliance have been gazetted.

David Tweedie International accounting body striving to avert another financial meltdown
The International Accounting Standards Board (IASB) is striving to amend accounting standards so as to help head off another global financial crisis.

Legislation Watch
Contemporary Gazette Volume 4
For the latest indispensable reference guide for all professionals, assisting them to stay on track and ahead of corporate legislation, visit our website.

Global Accounting Alliance Journal
GAA Journal
For the latest bi-monthly issue, follow the link below.

Seminars and Events
ECSAFA 20th Anniversary Conference
Come learn more about the role of the accountancy profession in the sustainable development of Africa at the ECSAFA 20th Anniversary Conference. Follow the link below to book your seat now.

ECSAFA Conference Uganda
The 4th Annual Audit, Risk and Governance Conference takes place from 20 - 24 July 2009. For more information, follow the link below. 

Event
SAICA Annual Dinner
To book your seat for the SAICA 2009 Annual Dinner, follow the link below.

SAICA Business Breakfast in Gauteng with Russell Loubser - 20 July 2009
Do you want to know more about the role of Stock Exchanges in the pursuit of well regulated, transparent and liquid financial markets? Then follow the link below to book your seat for this breakfast.

Partners
Specialised Accounting Spreadsheets - 19 June 2009

More Essential Accounting Spreadsheets - June 2009

Essential Accounting Spreadsheets - June 2009

Getting Things Done with Microsoft Outlook: May - July 2009

Insights into King III May - July 2009

Building effective Audit Committees: Half Day: May - July 2009

Being a Director Part 1: May - November 2009

Being a Director Part 2: May - November 2009

BDO Spencer - 2009 PAYE School May - October 2009

BDO Spencer Steward - 2009 VAT School

Seminar
SAICA Financial Due Diligence

Workshop
Ethics Workshop - Johannesburg - June 2009

SAICA Taxation Workshop

Other
World Congress of Accountants 2010
Book your seat now for the foremost international event for the accountancy profession and hear how accountants are sustaining value creation.

Products
Items for sale
Books, DVDs, Seminar Recordings / Manuals
For a selection of E-learning products, SAICA seminar manuals, DVDs, books and other products that will assist you with your continued professional development, follow the link below.

Career Corner
Jobs
Accountant CA's Chief Financial Officer

Management Article
Recession: A Setback To Develop Skills Base

 

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