Independent Review Specialist
This license is included under Channel 2. To apply, simply log a support ticket through your membership profile. Become an Independent Review Engagement Specialist, attract more clients, get referrals from non-specialist accountants and diversify your income stream.
6.5 CPD units January 1, 2025
What will set you apart
By completing this course you will gain the following competencies
- Be equipped with the necessary skills to fulfill your statutory duties in terms of section 30(7)(b) and regulation 29 of the Act and Regulations.
- Be equipped with the necessary skills to apply standards of conduct, quality control and ISRS 2400 in performing an independent review.
- Specialist work attracts higher fees, with higher profit margins.
Event breakdown
- Access to study material to assist in preparation for the assessment. The study material includes the following 6 units:
- Introductions and Definitions
- Ethics and Quality
- Accepting the Client
- Performing the Engagement
- Completing
- Issue a Report
- Assessment
- Multiple choice questions
- Essay assessment
Category: Assurance & reportingType: CPD CourseCPD category: Independent Review
Description
The Companies Act, 71 of 2008 requires certain companies to be audited and others to have their financial statements independently reviewed by an independent reviewer. An independent review is an alternative to the audit but still allows an opinion to be expressed on the financial statements. Independent reviews have to be performed in terms of the International Standard on Review Engagements 2400 by a qualified independent reviewer.
The entry requirements to enroll are as follows:
- a CBAP (CIBA designation) OR an equivalent designation with another professional body equivalent at NQF level 7 plus CIBA Associate membership together with
- a minimum of 7 years of general accountancy experience (this includes the 4 years requirement for a CBAP designation).
How to Apply
Please follow the steps carefully to successfully apply for your licence- Login to your membership profile
- Navigate to “My Communications”
- Choose the “My Tickets” option
- Create a new Ticket
- Under “Select Department” choose the “CPD.myciba” option
- Under “Select Category” choose the “Other – CPD” option
- Under “Subject” please indicate that you are applying for a licence
- Under “Message” please give more information on the type of licence you are applying for
You will earn a certificate
On successful completion you will receive a certificate for 6.5 CPD units in Independent Review.
Requirements
- Laptop, desktop, or mobile device with internet access
- Microsoft Edge, Google Chrome, Safari, or Firefox browser