Ethics in Tax Practice 2022


Date: Aug 10, 2022 - Aug 16, 2022

CPD hours: 2 Hours

Time: 15:00 - 17:00

Event Type: Webinar

Presenter: Caryn Maitland CA (SA)

Being a tax and accounting professional in today's environment is a challenge. Our clients are faced with many dilemmas and temptations to stray off the right path due to trying to survive (and possibly being frustrated by the world around them). This is part one of a two-part webinar – both sessions need to be attended to obtain four ethics and standard verifiable (structured) output CPD points....

WATCH I Tax and Accounting professionals often find themselves in the position of telling their clients news they would rather not hear; they are often seen as the bearer of bad news. Before you enter these challenging conversations, you need to be very clear of what you believe is correct and right, but at the same time being able to hear where your client is coming from. This skill is a test of your ethical awareness and moral compass. Come and join us as we support each other and reflect on our ethical practice.


Overview

Being a tax and accounting professional in today's environment is a challenge. Our clients are faced with many dilemmas and temptations to stray off the right path due to trying to survive (and possibly being frustrated by the world around them). As a professional, we have a responsibility to our clients, the profession, and ourselves to hold accountable to the highest ethical standards, and to instill trust and respect for our advice and guidance. The way we can successfully do this is to continually check in with ourselves and be aware of our own moral compass but at the same time hold space and be open to understanding our clients' challenges and points of view so that we can advise and guide them to do the right thing. This seemingly impossible task is something we need to do, regardless of our professional responsibilities as we need to continually reflect on what the ethical decision and action is without undue influence.
 
This webinar-workshop is designed to give you space to reflect on your own personal journey and consider what you are striving for during these difficult times, as well as what you won't tolerate. It is just as important to know what you won’t tolerate as to know what you hope to inspire and see take shape in the world.

The profession demands strict adherence to the principles of ethics. To build and maintain the trust of the public when they think of our profession, practitioners need to be ethical individuals who can be entrusted to give the appropriate advice so that our clients can sleep well at night knowing that they are doing the right thing.
 


Webinar content

The webinar will cover the following topics:  

  • What exactly is considered ethical?
  • Professional conduct in relation to taxation: The fundamental principles.
  • NOCLAR: Understanding Non-Compliance with Laws and Regulations.
  • Conflict of interest and independence.
  • Adhering to the code of conduct and ethics standards set by your RCB/professional body.  
  • Maintaining personal tax compliance.
  • Recently revised SARS rules applicable to registered tax practitioners.
  • Adherence to standards for tax planning and advice.
  • Diligence in filing tax returns.
  • Reliance on SARS publications.
  • Considering materiality in tax practice.
  • Dealing with errors.
  • Real-life scenarios and dilemmas in tax practice.

Competencies developed in this CPD

At the end of the webinar, you should be able to: 

  • Critically evaluate what the concept of ethics and professional citizenship involves.
  • Apply the five fundamental principles of professional ethics in tax practice.
  • Comply with the latest Code of Conducts of RCBs.
  • Understand the implications of NOCLAR on professional accountants working in tax practice.
  • Resolve conflicts of interest to ensure professional independence in the public interest.
  • Identify and respond to ethical threats in tax practice.
  • Comply with the revised tax practitioner compliance requirements introduced by SARS effective 1 June 2022.
  • Adhere to the generally accepted professional standards for tax planning and advice.
  • Adequately respond to real-life dilemmas in tax practice (i.e. errors, reliance on SARS publications, materiality, etc.).

Who should attend?

  • SARS registered tax practitioners
  • SAICA Members and Associates
  • SAIT members in academia, commerce, and industry

Presenter

Caryn Maitland

Caryn is a qualified CA (SA and RA), who has lectured extensively at the University of KwaZulu-Natal (and other institutes) where she lectured Advanced Financial Accounting. Since then, Caryn has specialised in facilitating ethics conversations, keeping assurance practitioners up to date and unpacking legislation for the financial sector.

She has conducted independent workshops and seminars for professional accountants since 2006 on various topics and has consulted on several technical issues. Since January 2011, she has focused on her own business as technical freelance consultant and trainer to those working within the accounting profession. Caryn is a technical advisor to various SAICA Eastern Region Districts as well as serving on various SAICA committees, such as the SAICA Eastern Region Council.

Since 2018, Caryn has worked extensively with commerce and industry, assisting analysts, directors, and other users of financials to interpret, prepare, analyse and forecast based on the results of financial statements.


CPD

This event and successful completion of the online assessment will secure 5 hours ethics verifiable output CPD points with PAFA and IFAC-aligned accountancy professional bodies: SAIPA, SAIBA, ACCA, CIMA, and IAC.

SARS Registered Tax Practitioners

This event and successful completion of the online assessment will secure the required of Ethics verifiable CPD required by SARS (effective 1 July 2022).

SAICA Members and Associates

This webinar session incorporates a reflective approach that will assist SAICA members and associates to comply with the "Ethical values and attitudes” competence area as required by SAICA in Circular 02/2021. This area must be specifically recorded on the SAICA member’s reflective learning plan which should include an evaluation of the extent to which SAICA members meet the ethical competencies set out as well as undertaking the necessary learning activities to further develop and maintain competence in this area. 


Event Investment

100% Discount for all The Tax Faculty CPD subscribers. Not a CPD subscriber yet? Click here to register now.

Regular price: R990.00 (both sessions)

SAIT price: R790.00 (both sessions)

Group price 1 (max 5 people): R1 900.00 (both sessions)

Group price 2 (max 10 people): R3 600.00 (both sessions)

Group price 3 (max 15 people): R5 000.00 ( (both sessions)


Payments & Cancellations

  • All payments must be made by EFT or by credit card, at least 3 working days before commencement of an event.
  • Kindly note that should payment not be received 2 days after the event, legal action will be taken
  • Proof of payment will be requested at registration, if payment does not reflect on Tax Faculty's bank account.
  • Cancellations:
    • Only written notice of cancellation will be recognized.
    • If the cancellation occurs more than 4 working days prior to the event no cancellation fee will be charged.
    • If the cancellation occurs less than 4 working days prior to the event a 100% cancellation fee will apply.
  • Delegates who book and fail to attend will be liable for the full event fee.
  • Tax Faculty`s liability in the case of an event being cancelled will be limited to a refund or credit of the event fee.
  • Please click here for the full terms and conditions.

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