Accounting and Auditing News

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  • #StartupStory: Sifika Business Accountants pays it forward
    on May 28, 2020 at 8:13 am

    A small gesture kick-started her business and now, eight years later, accountant Zandile Sifika is paying it forward by helping other SMMEs survive the fallout from Covid-19.Read more... | Send to a friend

  • Finding opportunity in crisis
    on May 27, 2020 at 8:41 am

    Andrew Harding and Sara Bux</span>Despite Covid-19 creating so much existential risk and uncertainty, or perhaps because of it, management accountants are well positioned to differentiate themselves and help their organisations prepare for an uncertain future as lockdowns are lifted.Read more... | Send to a friend

  • Ethics in a time of crisis
    on May 26, 2020 at 2:23 pm

    As part of Saica's Leadership in a Time of Crisis webinar series, Professor Deon Rossouw, CEO of The Ethics Institute, spoke about the importance of sticking to your values during a crisis.Read more... | Send to a friend

  • The synthesis of the most complex technologies gives us a simple solution, with world-scale potential
    on May 26, 2020 at 1:17 pm

    While the whole world is shaking from negative news, ranging from the pandemic of the coronavirus Covid-19, to numerous disasters in different areas all around the world, to the stock market crashes and the global crisis in general, a silver lining has emerged among the clouds in sunny Panama, and it will probably affect everyone.Read more... | Send to a friend

  • Audit requirements relating to the business accounts of legal practitioners now clarified
    on May 26, 2020 at 12:39 pm

    In October 2019, the Companies and Intellectual Property Commission (CIPC) issued a notice of the withdrawal of the non-binding opinion ("this" or "the" "opinion") pertaining to Regulation 28(2)(a) of the Companies Regulations, 2011 (the Companies Regulations) to the Companies Act, 2008 (the Companies Act). This opinion applied to legal practitioners who are registered as companies in terms of the Companies Act. This opinion considered whether the holding of assets in the legal practitioners' trust accounts is regarded as part of the ordinary course of the legal practitioner's primary business. As a result of the withdrawal of the opinion, the business accounts of legal practitioners who are subject to the Companies Act, i.e. are registered companies, and who hold assets in trust in excess of R5m at any time during the financial year, are now required to be audited.Read more... | Send to a friend

  • Strong financial controls needed to maximise benefit of Covid-19 relief efforts
    on May 14, 2020 at 10:45 am

    Natashia Soopal</span>The South African government has been applauded by the World Health Organisation for its quick response to curb the spread of the Covid-19, and prepare its healthcare system. However, this good work can easily be overshadowed by poor controls implemented over the administration of the relief funding, which may result in an increase in fraud and corruption, thereby reducing the potential of the funding desperately needed by its citizens and small, medium and micro enterprises (SMMEs).Read more... | Send to a friend

  • Covid-19 is likely to reshape the world - here's how accountants can help
    on May 12, 2020 at 11:47 am

    As an accountant, you have an invaluable role to play in helping your clients survive the Covid-19 outbreak and its economic effects. With the pandemic and the national lockdown battering nearly every company in South Africa, they need your counsel and practical advice more than ever.Read more... | Send to a friend

  • The acceptable theft
    on May 8, 2020 at 11:49 am

    Albert Einstein famously said: "The world will not be destroyed by those who do evil, but by those who watch them without doing anything."Read more... | Send to a friend

  • William Ngobeni's inspirational 15-year journey to qualified CA(SA) success
    on May 7, 2020 at 10:43 am

    William Ngobeni has followed an exceptionally long and windy path before finally qualifying as a chartered accountant [CA(SA)] in February this year, having passed the qualifying exams after over a decade of stops and starts.Read more... | Send to a friend

  • What good leaders do in a time of crisis
    on May 6, 2020 at 2:42 pm

    As part of Saica's Leadership in a time of crisis webinar series, CA(SA) and CFO of Discovery Health, Brett Tromp, shared his thoughts on what good leaders can do in a time of crisis.Read more... | Send to a friend