Role players in the accountancy profession – 12 March 2025

This webinar is ideal for accounting professionals seeking to broaden their understanding of the forces shaping the profession, as well as students and business owners who want a clearer perspective on the regulatory and ethical frameworks that govern the world of finance and accounting.

Date:

12 March, 2025

Time:

15:00

Hours:

2 hours

CPD Units:

Category:

Practice Management

Group:

Channel 2: Growth

Format:

Live Event

Product Information

The accounting profession is shaped by a wide range of role players, each contributing uniquely to the governance, standard-setting, and ethical practices that guide the industry. This webinar will provide an in-depth exploration of the key role players, their responsibilities, and the impact they have on both national and international levels. Understanding the various stakeholders and their interconnected roles is essential for accounting professionals to remain compliant, ethical, and relevant in today’s dynamic business environment.

What will set you apart

By attending this webinar you will gain the following competencies

- Participants will understand the functions and responsibilities of key role players in the accounting profession.

- They will gain insight into how different entities influence the standards, ethics, and practices that govern the industry.

- Attendees will also learn about the importance of maintaining ethical standards and regulatory compliance in their professional roles.

Event breakdown

- Professional Accounting Bodies
  - - Overview of professional organisations (e.g., CIBA, SAICA, ACCA, CIMA)
  - - Their role in setting qualifications, membership standards, and continuing professional development (CPD)

- Standard-Setting Bodies
  - - The role of the International Accounting Standards Board (IASB) and Financial Accounting Standards Board (FASB)
  - - Key insights into the IFRS and GAAP frameworks and their global influence

- Regulatory and Oversight Bodies
  - - An overview of national regulators such as the Chartered institute for Business Accountants (CIBA), Independent Regulatory Board for Auditors (IRBA), and other local Oversight Boards.
  - - How these bodies enforce compliance, perform audits, and ensure the integrity of financial reporting

- Ethical Frameworks and Governance
  - - Role of the International Ethics Standards Board for Accountants (IESBA) and the IESBA Code of Ethics
  - - Addressing the importance of ethics and accountability in the profession

- Government and Tax Authorities
  - - Role of government bodies such as the South African Revenue Service (SARS) in regulating tax compliance
  - - The importance of maintaining transparency and cooperation with regulatory tax authorities

- Academic Institutions and Training Providers
  - - Their role in shaping the future of the profession through education and professional development
  - - How academia collaborates with professional bodies to ensure a competent workforce

- Corporate Governance and the Role of Boards
  - - Understanding the role of accountants in corporate governance, from auditing to advising boards
  - - How accountants act as key players in risk management and financial oversight

Certificate

The following event is awarded 3 CPD units in Practice Management.

Presenter/s

Faith Ngwenya

Faith Ngwenya is a accomplished accounting professional with leadership roles in academia and industry standards, Faith currently supports CIBA’s Technical Team and chairs key industry committees.