CATEGORIES
- (5) Negotiating Tax Debt and Payment Arrangements with SARS
- (2)Account / Profile
- (572)Accounting
- (3)Accounting & Financial Reporting
- (2)Accounting and Finance
- (29)Audit
- (164)Auditing and Assurance
- (1)Business
- (1)Business Management
- (3)Business Rescue
- (115)CIPC
- (7)Compliance
- (18)Ethics and Professionalism
- (47)Financial Reporting
- (1)Government Funding Applications
- (4)Guides
- (1)IFRS
- (1)Independent Reviews
- (1)Individuals Tax
- (39)Law
- (49)Legal and Compliance
- (2)Management
- (52)Miscellaneous
- (29)Money Laundering
- (1)Personal & Professional Development
- (2)Practice Management
- (2)Professional Ethics
- (3)Public Sector
- (145)Regulatory Compliance and Legislation
- (41)SARS Issues
- (32)Sustainability Reporting
- (44)Tax
- (1)Tax Update
- (11)Technology
- (1)Wills, Estates & Trusts
- Show All
Use of electronic signatures and prepopulated documents
- 30 August 2021
- South African Accounting Academy
It has come to the attention of the Financial Sector Conduct Authority (“FSCA”) that, as a result of the lockdown regulations imposed due to the COVID-19 pandemic, there are Financial Services Providers (“FSPs”) who use electronic signatures of clients when rendering financial services (with or without consent).
The FSCA is not opposed to the use of electronic signatures by clients to conclude an agreement with a product supplier.
The FSCA is concerned that the use of electronic signatures of clients by the FSPs has the potential to expose clients to the risk of fraud, forgery and theft of client assets that would arise from possible unauthorised transactions entered into ostensibly on their behalf.
In light of the above, the FSCA strongly recommends that FSPs refrain from the practice of using an electronic signature of a client, even with the consent of that client.
Click here to download the Communication 12 of 2021:
Get all your CPD online. SA Accounting Academy (SAAA) offers Subscription Plans, Live Webinars, Webinars On-Demand, Access to Experts, Courses, Articles and more: https://cpd.accountingacademy.co.za.
Our Content
Live Webinars
View upcoming live accounting and practice management webinars.
Learn MoreWebinars On-Demand
Browse our extensive range of relevant accounting and practice management webinars.
Learn MoreCourse
Browse our relevant and practical online courses.
Learn MoreCPD Subscription Plans
Access to professional and technical content that ensures both your knowledge and skills are maintained.
Learn MoreLegislation
Access updated legislation including amendments.
Learn MoreTechnical FAQs
A source of commonly asked technical accounting questions.
Learn More