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"A library of latest developments"

Acts, Regulations, Standards, guides, notices, PPTs, examples and CPD topics issued by ministers, regulators, commissioners, and SAIBA.

Index

Index
HelpSheets Ethical rules NOCLAR Quality Management Compilations
Factual findings Reviews Audits Assurance Schools
Close Corporations Commissioner of Oaths Tax Practitioner Business rescue Essential services
Volunteer election observers Non-profit entities IFAC IFRS IAFEI
Critical Skills POPIA Audit Namibia

Detail Library

Law

  • Common law dictates that accountants should implement technical best practice.
  • As a professional body SAIBA is empowered to provide standards, frameworks and guides as suggested best practice.

Guides and Circulars

  • We regularly update the Practice Support Library with HelpSheets and post them under the various practice support categories.

SAIBA

  • We regularly update the Practice Support Library with HelpSheets and post them under the various practice support categories.

CPD

Law

  • Common law dictates that accountants should be accountable to ethical best practice.
  • As a professional body SAIBA is empowered to prescribe ethical rules for members.
  • SAIBA prescribes that all members should abide by the IESBA’s Code of Ethics for Professional Accountants.

Guides and Circulars

  • The IESBA’s ethics handbook as adopted by SAIBA.
  • Webinar: The new IESBA’s ethics handbook with Diane Jules IESBA Deputy Director.

SAIBA

  • Refer to IESBA guides and circulars.

CPD

Law

  • Common law dictates that accountants should be accountable to ethical best practice.
  • As a professional body SAIBA is empowered to prescribe ethical rules for members.
  • SAIBA prescribes that all members should abide by the IESBA’s Code of Ethics for Professional Accountants.

Guides and Circulars

SAIBA

  • Refer to IESBA guides and circulars.

CPD

Law

  • Common law dictates that accountants should implement technical best practice.
  • As a professional body SAIBA is empowered to prescribe technical best practice for members.
  • SAIBA prescribes that all designated members should abide by the IAASB’s handbook for professional engagements.

Guides and Circulars

  • The IAASB has provided a number of guides, videos and PowerPoint slides that will assist accountants with understanding their responsibilities in terms of Quality Control:
  • QC Guide—Orientation, a PowerPoint slide deck to introduce users to the structure, features, and key topics in the Guide.
  • Companion Manual to the QC and ISA Guides on how member bodies and other professional accountancy organizations can make the best use of the Guide.
  • Guide to Quality Control for Small- and Medium-Sized Practices, Third Edition 
  • The IAASB’s is proposing to update of ISQC1 to quality management standards ISQM1 and ISQM2:
  • Webinar: Webinar 1: Background and new risk based approach with IAASB Board member. Karin French.
  • Webinar: Webinar 2: Governance, leadership, resources, communication, monitoring and remediation with IAASB Board member. Karin French.

SAIBA

  • Refer to IAASB guides and circulars.

CPD

Law

  • Common law dictates that accountants should be accountable to ethical best practice.
  • As a professional body SAIBA is empowered to prescribe ethical rules for members.
  • SAIBA prescribes that all members should abide by the IAASB’s handbook for professional engagements.
  • Acts and regulations may prescribe rules regarding the preparation of financial statements in a certain format. This is the responsibility of the owners/managers/board of the relevant entity.
  • SAIBA designated members may assist entities with preparing their financial statements. Such assistance must be in the form as prescribed here.

Guides and Circulars

SAIBA

  • Notice – 202008: SAIBA prescribes the application of ISRS4410 (202006-Share-Folder)

CPD

Law

  • Common law dictates that accountants should implement technical best practice.
  • As a professional body SAIBA is empowered to prescribe technical best practice for members.
  • SAIBA prescribes that all designated members should abide by the IAASB’s handbook for professional engagements.

Acts, Regulations, Standards, and Pronouncements

Guides and Circulars

SAIBA

  • In addition to the IAASB guides.
  • Refer to the Guide for Schools
  • Refer to the Guide for Accounting Officers
  • Refer to the Guide for POPIA engagements

CPD

Law

Guides and Circulars

SAIBA

CPD

Law

  • The Independent Regulatory Board for Auditors (IRBA) is responsible for the adoption of auditing standards in South Africa.
  • The IRBA sets the pre- and post-qualification requirements for persons that wish to register with the IRBA as Registered Auditors (RA).
  • Various statues and regulations determine the type of entity for which an audit is mandatory.
  • Various statues and regulations determine the type of entity for which an RA is required to perform non-audit engagement
  • Only those SAIBA members that are registered with the IRBA as RAs may perform external audits of financial statements.
  • It is a statutory offence to be presented as an RA when you are not an RA. Both civil and criminal penalties apply.

Acts, Regulations, Standards and Pronouncements

Guides and Circulars

  • IRBA guides, videos and PowerPoint slides that will assist registered auditors with understanding their responsibilities.
  • IAASB guides, videos and PowerPoint slides that will assist registered auditors with understanding their responsibilities.
  • Detailed auditing standards.
  • Section 90(2) of the Companies Act, 2008 on the appointment and removal of auditors.
  • Mandatory audit rotation.
  • Audit reports for regulated industries.
  • Restrictions on providing non-audit services as a result of Section 90: Statutory audits.
  • The IAASB has provided a number of guides, videos and PowerPoint slides that will assist registered auditors with understanding their responsibilities in terms of audit engagements:
  • Resources
  • Standards and pronouncements

SAIBA

  • Read more about how designated SAIBA members can assist clients with preparing for an audit.
  • Read more about how designated SAIBA members can participate in the Strategic Alliance to refer audit clients.

CPD

Law

  • Common law dictates that accountants should implement technical best practice.
  • As a professional body SAIBA is empowered to prescribe technical best practice for members.
  • SAIBA prescribes that all designated members should abide by the IAASB’s handbook for professional engagements.

Acts, Regulations, Standards and Pronouncements

  • Not applicable

Guides and Circulars

The IAASB has provided a number of guides, videos and PowerPoint slides that will assist accountants with understanding their responsibilities in terms of ISAE 3000:


SAIBA has provided a number of guides, videos and PowerPoint slides that will assist accountants with understanding their responsibilities in terms the various types of engagements.

Acts, Regulations, Standards and Pronouncements

  • Act (Justices of the Peace and Commissioners of Oaths Act, 1963 (Act 16 of 1963)
  • Notices
  • Regulations governing the administering of an oath or affirmation (GN R1258 in GG 3619 of 21 July 1972)

Guides and Circulars

SAIBA

CPD

Acts, Regulations, Standards and Pronouncements

Guides and Circulars

SAIBA

CPD

Acts, Regulations, Standards and Pronouncements

Guides and Circulars

SAIBA

CPD

Acts, Regulations, Standards and Pronouncements

Guides and Circulars: International Auditing and Assurance Standards Board (IAASB)

Guides and Circulars: International Accounting Education Standards Board (IAESB)

Guides and Circulars: International Ethics Standards Board for Accountants (IESB)

Guides and Circulars: International Public Sector Accounting Standards Board (IPSASB)

CPD

Acts, Regulations, Standards and Pronouncements

Guides and Circulars

  • eIFRS— for IFRS® Standards, IFRIC® Interpretations, the IFRS Taxonomy, other authoritative guidance, illustrative examples, bases for conclusions and official translations
  • IFRS Shop—to purchase the Red, Green and Blue books—three different compilations of IFRS Standards

Stay up-to-date

  • Alerts—register here  to receive news and alerts, including the IASB Update and the IFRIC Update, published after each Board and IFRS Interpretations Committee meeting
  • Work plan—the Board’s current work plan can be found here

Events and conferences

Consultations

  • Open consultations—an overview of all consultations currently open for comment can befound here
  • Watch our video explaining the standard-setting process here

Other materials

  • Implementation materials—materials developed to support implementation of new IFRS Standards, including articles, webinars etc, can be found here
  • The IFRS for SMEs® Standard—to find out about resources for small or medium-sized entities,  click here
  • Snapshots—these summaries prepared for each new Standard are useful, for example, when briefing audit committees and CEOs. They are available by reference to individual Standards  here
  • A Pocket Guide to IFRS Standards—this useful summary for briefing members of Boards of Directors or Managing Committees is available here

CPD

Acts, Regulations, Standards and Pronouncements

Guides and Circulars

SAIBA

  • Login to your member profile and download the SAIBA Guide to Using ISRS4400 for POPIA Readiness Engagements

CPD

AA Bill (Namibia)

Law

Guides and Circulars

SAIBA

  • SAIBA will host various workshops in Namibia both online and in-person.

CPD