Introduction

Become an Independent Review Engagement Specialist, attract more clients, get referrals from non-specialist accountants and diversify your income stream.

Category: Independent Review

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Information

Format: Examination

CPD Units: 6.5

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Product 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.

Please note: before proceeding with the course and assessment you are required to receive written approval from our membership department. Please email either your Personal Portfolio consultant or log a ticket via your membership profile.

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What will set you apart

As a CIBA licensed practitioner, you will:

• 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.

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License breakdown

1. 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
2. Assessment
   • Multiple choice questions
   • Essay assessment

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Certificate

The following event is awarded 6.5 CPD units in Independent Review

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Requirements

The entry requirements to enroll are as follows:

1. a BAP(SA) (CIBA designation) OR an equivalent designation with another professional body equivalent at NQF level 7 plus CIBA Associate membership together with
2. a minimum of 3 years of general accountancy experience.

Should you lack the BAP(SA) designation you could qualify for the designation via CIBA’s competency recognition routes. Read more here.

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