Accounting and Auditing News

The Accounting & Auditing community of South Africa South Africa Accounting and Auditing news

  • Gender equality promotes better economies
    on May 20, 2019 at 8:10 am

    Donna Rachelson</span>The world economy would be less prone to financial collapse with more women in senior roles, says International Monetary Fund (IMF) Head Christine Lagarde. Her statement is backed up by a new study by the organisation saying the benefits of having more women in the workplace is greater than originally though.Read more... | Send to a friend […]

  • Have your say on draft B-BBEE sector code
    on May 15, 2019 at 10:27 am

    The public can have their say on the draft Broad-Based Black Economic Empowerment (B-BBEE) Chartered Accountancy Sector Code.Read more... | Send to a friend […]

  • New Chair of CIMA Western Cape elected
    on May 14, 2019 at 9:05 am

    The Chartered Institute of Management Accountants (CIMA) announced that Adrian Smith ACMA, CGMA, has been elected as Chair of the Western Cape Branch.Read more... | Send to a friend […]

  • Stronger laws can keep politicians from meddling in financial decisions
    on May 13, 2019 at 6:17 am

    Legislation can guard against political interference and maladministration. Bakhtiar Zein/Shutterstock</span>For governments to function optimally, there must be a good relationship between politicians and administrators. This "political-administrative interface" is a key theme of public administration, both in theory and in practice.Read more... | Send to a friend […]

  • Revised Chartered Accountancy Sector Code: Now open for public comment
    on April 29, 2019 at 7:46 am

    Sindi Mabaso-Koyana</span>The Department of Trade and Industry has gazetted the revised Chartered Accountancy Profession Sector Code (CA Charter) for public comment, in an attempt to grow and empower the number of black people in the profession.Read more... | Send to a friend […]

  • Thuthuka bursary applications for aspiring accountants are now open
    on April 18, 2019 at 8:58 am

    The Thuthuka Bursary Fund could be your chance of making your dream of becoming a CA(SA) a reality. Applications for the 2020 university intake are now open.Read more... | Send to a friend […]

  • Shaping the future financial reporting landscape for SMEs
    on April 16, 2019 at 12:48 pm

    Bongeka Nodada</span>The second review of the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs) is set to commence during 2019.Read more... | Send to a friend […]

  • IT has a crucial role to play in the fight against money laundering
    on April 15, 2019 at 3:12 pm

    Image source: Getty/Gallo</span>The highly publicised debacle of Angelo Agrizzi and six others, who were recently charged with money-laundering and fraud, has brought these issues into the spotlight in South Africa. The reality is that money laundering is a significant problem. The role of IT is crucial in the fight, and financial institutions need to step up their efforts and be more aggressive in their approach to combat the threat.Read more... | Send to a friend […]

  • Help achieve a clean audit with supplier vetting
    on April 12, 2019 at 1:08 pm

    Is a clean audit possible for organisations at a time when corruption, fraud, dishonesty and non-compliance in procurement threaten to undermine the very foundations of an honest company? With so many risk areas to consider, it can be extremely challenging to keep procurement above board. However, the clean audit goal can still be met provided that internal controls are in place and strictly observed at all times, advised Rudi Kruger, General Manager at LexisNexis Data Services.Read more... | Send to a friend […]

  • The real work only begins after financial year end
    on April 9, 2019 at 9:54 am

    [[www.123rf.com 123rf.com]]</span>While technology can help automate financial year end, it remains largely a manual process, and one of the most labour-intensive periods the professional accountant will face during the year.Read more... | Send to a friend […]