The questions in this book are grouped according to the various topics covering the different stages of the audit process.

To enhance the value of the book and to make it more useful, it was decided to include answers to all the questions in the text.

Because of multiple changes from the amendment Bills to the promulgatedActs in recent years, and the many errors in the 2020 Bills, SAICA agreed topostpone publication of Volume 3 from December 2020 until afterpromulgation of the amendment Acts in January 2021.

Tax Legislation included:

• Income Tax Act (1962)
• Value-Added Tax Act (1991)
• Estate Duty Act (1955)
• Transfer Duty Act (1949)
• Securities Transfer Tax Act (2007)
• Tax AdministrationAct (2011)

SAICA Student Handbook 2020/2021: Volume 2 covers the following:

Volume 2A (1) - International Audit Standards
Volume 2A (2) - International Audit Standards
Volume 2B - SAICA & IRBA Pronouncements; Legislation; Governance

To ensure that SAICA Handbooks include the latest/new and revised standards issued after the IAASB 2018 version, a Volume 2A supplement is available HERE to order.

The supplement is a separate book published to include:

• ISA 220 (Revised), Quality Management for an Audit oF FinancialStatements, effective from 15 December 2022
• ISA 315 (Revised 2019), Identifying and Assessing the Risks of MaterialMisstatement, effective from 15 December 2021
• ISRS 4400 (Revised), Agreed-Upon Procedure Engagements, effective from1 January 2022
• ISQM 1, Quality Management for Firms that Perform Audits or Reviews ofFinancial Statements, or Other Assurance or Related ServicesEngagements, effective from 15 December 2022
• ISQM 2, Engagement Quality Reviews, effective from 15 December 2022 Conforming Amenments to ISAs and RelatedMaterial Arising from the Quality Management Projects

Preceding versions of these standards listed above will be omitted from the 2020/2021 version of the SAICA Handbook Volume 2A.

Questions on SA Tax 20th edition is the second publication in the Questions on SA Tax series designed to provide comprehensive tutorial coverage to taxation students. This book covers foundational topics and those typically dealt with in the study of tax at an undergraduate level.

This tutorial book includes questions and selected solutions on South African income tax, estate duty and value-added tax. Up-to-date questions are graded, allowing students to develop their abilities from an introductory to an advanced level.

SAICA Volume 2 consists of 2 books (Vol 2A and Vol 2B) and focusses on auditing requirements

Clearly structured text - each volume concentrates on a specific area.

Volume 2A - International Audit Standards

Volume 2B - SAICA and IRBA Pronouncements; Legislation Governance