Mazars Academy Online South Africa
Obtaining audit evidence over
Capital and reserves
This module will provide trainee accountants with a comprehensive understanding of the capital and reserves section in an audit file and how to obtain sufficient appropriate audit evidence over compliance with specific sections of the Companies Act of South Africa.
  • 30 learning units including 12 videos of 120 minutes.
  • Presented by Steven-Lee Brown
  • Ideal for Junior Trainee Accountants
  • Total time investment of 3.5 hours.
MODULE OVERVIEW

What can you expect from this online course?

This module provides learners with an introductory overview on how to obtain sufficient appropriate audit evidence over compliance with regards to specific sections included in the Companies Act of South Africa.

During this module we will revise key principles from the Companies Act of South Africa to help you better understand the audit approach of the capital and reserves section within the annual financial statements of an audit engagement client.

This module will assist you in better understanding the theory behind the Companies Act of South Africa in respect of an audit engagement client's responsibilities to compliance with the act.

This course should be completed by all junior trainee accountants, preferably during their first year of the training contract. 
Throughout this course the following learning objectives will be met:

  • Understand the importance of calculating a company’s public interest score;
  • Know how to calculate a company’s public interest score;
  • Understand how the board of directors should be composed for different types of companies;
  • Understand the Companies Act requirements when a change in the composition of the board of directors occur;
  • Understand how to obtain sufficient appropriate audit evidence in respect of key sections within the Companies Act;
  • Understand the Companies Act requirement in respect of shares, shareholder registers and shareholder meetings;
  • Know how to address the various Companies Act sections within the capital and reserves audit working paper;
  • Understand the difference between special and ordinary resolutions;
  • Understand the different types of documents that need to be submitted to the CIPC and when;
  • Understand the requirements that need to be met before any distributions may be made by the board of directors of a company;
  • Understand the importance of lodging an annual return with the CIPC;
  • Understand what information is required to be disclosed in the annual financial statements with regards to the Companies Act
Meet the course presenter

Steven-Lee Brown

Steven-Lee Brown is currently the Training and Development Consultant at Mazars Academy Proprietary Limited and in this capacity develops and provides appropriate audit training to trainee accountants within the audit departments of all offices at Mazars in South Africa. Steven-Lee completed his SAICA training contract at Mazars in South Africa, Cape Town.
Steven-Lee Brown, Training and Development Consultant, Mazars
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