Accounting and Auditing News

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  • 3 steps towards 'glass boxing' your company with a Biz Press Office
    on July 18, 2019 at 11:18 am

    "In an age of radical transparency, your internal culture is your brand. Time to take action!" proclaims the headline from more... | Send to a friend […]

  • Choosing between IFRS and IFRS for SMEs
    on July 16, 2019 at 1:27 pm

    Wiehann Olivier, partners at Mazars</span>Over the last few years we have seen various changes being made with regards to the IFRS (International Financial Reporting Standards) accounting framework. These include new standards such as IFRS 15 (revenue), IFRS 9 (financial instruments) and IFRS 16 (leases), replacing the old IAS 18, IAS 32 and IAS 17,respectively. These changes may seem like a mere modification in abbreviations, that you can leave your accountant and auditor to worry about, but in actual fact, they have had a significant impact on all companies that elected to adopt IFRS as their accounting framework.Read more... | Send to a friend […]

  • South African probe into corruption awaits a star witness - Jacob Zuma
    on July 12, 2019 at 9:32 am

    Former South African President Jacob Zuma. GCIS</span>It's been almost a year since the Commission of Inquiry into allegations of state capture in South Africa began to hear testimony. Also known as the Zondo Commission, it is headed by Deputy Chief Justice Raymond Zondo, who has listened to 130 days of live testimony from more than 80 people. It is probing allegations that the government was captured by private business interests for their own benefit.Read more... | Send to a friend […]

  • Working together to create a skilled and high-functioning workplace
    on July 5, 2019 at 1:41 pm

    The newly appointed CEO of Fasset, Ayanda Mafuleka CA(SA) is passionate about using her position to better the lives of South Africans by steering the organisation's strategy towards the UN's Sustainable Development Goals (SDGs) of Quality Education (SDG 4), Decent Work (SDG 8) and Strong Institutions (SDG 16).Read more... | Send to a friend […]

  • Coronation shines light on unseen spending this Savings Month
    on July 5, 2019 at 1:01 pm

    To mark National Savings Month this July, Coronation is on a mission to inspire South Africans to scrutinise their saving and spending habits and shine a light on the unseen ways in which we are unnecessarily spending money that could rather be invested for growth.Read more... | Send to a friend […]

  • CIMA Africa announces 2nd CGMA Conference to take place in Cape Town
    on July 2, 2019 at 2:41 pm

    Business leaders and accountants will gather to understand the opportunity digital disruption brings to the transformation of finance capabilities in Africa.Read more... | Send to a friend […]

  • Audit shows sorry state of municipalities' finances
    on June 27, 2019 at 8:52 am

    Auditor-General Kimi Makwetu</span>The large majority of the country's municipalities are in a worse financial state than ever before, with only 18 of the 257 getting clean audits for 2017/18.Read more... | Send to a friend […]

  • Saica's progress on the Ntsebeza Inquiry recommendations
    on June 25, 2019 at 8:38 am

    Freeman Nomvalo, Saica CEO</span>The South African Institute of Chartered Accountants (Saica) has issued an update on its actions so far in response to the Ntsebeza Inquiry into the conduct of members employed by KPMG, who were involved in audits of Gupta-owned companies and the South African Revenue Service (Sars) Report.Read more... | Send to a friend […]

  • Why credit rating agencies are still getting away with bad behaviour
    on June 24, 2019 at 9:09 am

    Rating agencies have been at the centre of major financial crises. Shutterstock</span>International credit rating agencies have had their fair share of controversies over the years. They have been at the centre of the major financial crises from the financial markets collapse of New York City in the mid-1970s, the Asian financial crisis of 1997 - 1998, the Enron scandal of 2001, to the global financial crisis of 2008. All of these cost investors globally billions.Read more... | Send to a friend […]

  • Amal Ratnayake FCMA, CGMA elected as 86th CIMA President
    on June 14, 2019 at 3:02 pm

    Ratnayake also appointed to serve as Chairman of the Association of International Certified Professional AccountantsRead more... | Send to a friend […]