The JSE Auditor/RAS Accreditation Model has been deleted in its entirety; therefore, it is no longer a requirement for Reporting Accountant Specialists (RAS) to attend JSE-approved training. However, it is important to note that the removal of the Auditor/RAS Accreditation Model from the JSE Listings Requirements does not impact or reduce the regulatory oversight of the IRBA.

Attendance on the RASP Course will henceforth be completely voluntary.

Objectives:

To provide delegates with a comprehensive understanding of the JSE Listings Requirements (“JSE LR”) in so far as they relate to the role of the RAS. 

Content:

The RASP training consists of two parts:

The RAS reading the relevant JSE LR and other Reading Material (prior to attending training) and the RAS attending a day of training.

Reading Material:

The RAS is required to read the following prior to attending the training:

The General Principles of the JSE LR; Sections 3.11 – 3.25 (inclusive) read together with Practice Note 1/2003 of the JSE LR; Sections 8.1 – 8.65 (inclusive) of the JSE LR; Section 13 of the JSE LR; Section 21 of the JSE LR; Guidance Letters issued by the JSE on the following related financial matters: Presentation of Pro Forma Financial Information – issued in March 2010; Presentation of Constant Currency Information – issued in August 2012; Reporting of Restatements – issued in February 2017 and the New Listing: Key Audit Matters in Auditors Reports – issued in September 2017.

The most recent JSE Reports on the Proactive Monitoring of Financial Statements: https://www.jse.co.za/accounting-matters

Circular 1/2023 – Headline Earnings: https://www.saica.org.za/resources/179364

SAICA Guide on Pro Forma Financial Information:

https://clientportal.jse.co.za/downloadable-files?RequestNode=/Issuer_Regulations/Accounting_Matters/JSE%20related%20guides%20and%20circulars%20issued%20by%20SAICA/SAICA_Guides

IRBA related documents for listed environments covering:

Reporting Responsibilities of the Reporting Accountant Relating to Property Entities in terms of the JSE Listings Requirements; Reporting on Financial Information contained in Interim, Preliminary, Provisional and Abridged Reports required by the JSE Listings Requirements; and Reporting on the Compilation of Pro Forma Financial Information included in a Prospectus/Pre-Listing Statement/Circular.

https://www.irba.co.za/industry-specific-guides-and-regulatory-reports-pages/jse-related-engagements

The International Auditing Standards, dealing with Pro Forma Reporting, Forecasts and Estimates (ISAE 3000, ISAE 3400 and ISAE 3420): https://www.irba.co.za/upload/2016-2017-IAASB-Handbook-Volume-2.pdf

Fees:

Attending the training costs R7 000 + VAT per delegate. This covers the lecture, training materials and catering.