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

  • Why is the audit profession slow in adopting analytics?
    on November 11, 2019 at 7:19 am

    Image source: Getty/Gallo</span>Think about it. The language in the International Standards on Auditing (ISAs) has not changed sufficiently to keep up with the advancements in technology processes in organisations. This explains why some practitioners are hesitant to embrace audit analytics in their audits - it feels "safer" to adhere to the minimum requirements of the ISAs, rather than continuously challenging the interpretation of the standards.Read more... | Send to a friend

  • Misconceptions about the roles and responsibilities of the auditor
    on November 7, 2019 at 12:56 pm

    Hayley Barker Hoogwerf</span>The public is seeking answers after the spate of corporate collapses and significant financial losses, and auditors have come under intensive scrutiny and criticism. Some believe that this may be due to an expectation gap that has developed between the users of the financial statements that are subject to the audit and the auditors who have clear roles and responsibilities.Read more... | Send to a friend

  • CIMA refreshes its Code of Ethics to help finance professionals address ethical challenges of the 2020s
    on November 5, 2019 at 2:17 pm

    The Chartered Institute of Management Accountants (CIMA) has updated its Code of Ethics.Read more... | Send to a friend

  • Thuthuka and KZN Provincial Treasury: A study in success
    on November 4, 2019 at 2:23 pm

    An exciting partnership between the South African Institute of Chartered Accountants (SAICA) and the KwaZulu-Natal Provincial Treasury has had far-reaching results, entrenching a culture of accountability in the department while creating opportunities for the province's youth.Read more... | Send to a friend

  • Why highly qualified and experienced directors are more at risk of being declared delinquents
    on November 1, 2019 at 12:42 pm

    Shuttershock</span>It only takes one look at recent newspaper headlines in South Africa to realise that applications to declare directors delinquent are appearing before the country's courts more and more frequently.Read more... | Send to a friend

  • The right-sized solution for your small business needs is finally here
    on October 29, 2019 at 9:16 am

    Secure your digital future with an ERP solution that goes beyond accounting. Increase control over your small business with software designed to grow with you.Read more... | Send to a friend

  • Corporate reporting should extend to employee wellness
    on October 18, 2019 at 5:30 am

    Image source: Getty/Gallo</span>Current corporate reporting is far more nuanced than ever before, covering financial, environmental, social and governance elements. However, reporting on health has largely been neglected, even though the wellbeing of employees has a substantial impact on business success and sustainability.Read more... | Send to a friend

  • The Enhanced Auditor's Report - Post implementation review in South Africa
    on October 11, 2019 at 2:31 pm

    The new and revised auditor reporting standards became effective for audits of financial statements for periods ending on or after 15 December 2016. With more than two years of post-implementation experience, this SAICA article provides an overview and analysis of the revised format of the auditor's reports of certain entities listed on the Johannesburg Stock Exchange JSE.Read more... | Send to a friend

  • Confidence in auditing profession is looking up
    on October 9, 2019 at 5:08 pm

    Image source: Getty/Gallo</span>There's been a slight improvement in the perception of shareholder governance and the strength of auditing and accounting standards, according to the World Economic Forum's Global Competitiveness Report.Read more... | Send to a friend

  • SA businesses compare well with standards of good conduct
    on October 8, 2019 at 1:16 pm

    Following in-depth discussions with 25 of South Africa's top financial firms, and the Royal Commission of Inquiry's report on misconduct in the financial industry, it is encouraging to see that initial findings point to a financial services industry that comports well with standards of good conduct. However, gaps remain that need to be overcome.Read more... | Send to a friend

The Banking community of South Africa South Africa Banking news

  • Continuous adaptation: Staying ahead of customer needs
    on November 8, 2019 at 9:42 am

    As customers' needs evolve, retailers must adapt to meet those needs, or better yet, stay ahead of them. Retailers must rethink the traditional test and learn cycles.Read more... | Send to a friend

  • #FairnessFirst: Go beyond pink branding for true female customer satisfaction
    on November 4, 2019 at 6:00 am

    Her focus on how financial services, in particular, tend to connect with females consumers in the wrong way was a stand-out section of Barbara Cador, global head of Kantar's CX+ initiative's opening presentation at the Cape Town version of the Kantar customer experience (CX) advantage 2019 masterclass.Read more... | Send to a friend

  • Fighting banking crime, one share at a time
    on October 30, 2019 at 10:40 am

    We all know someone with a bad habit. Some bad habits are surface level, some life threatening and some have cost us over R2 million in 2018. According to SABRIC, one in three people in South Africa are into the costly bad habit of sharing confidential information with strangers over the phone, via SMS and email. Our lackadaisical approach to cybersecurity has put us all in jeopardy of serious banking crimes - and this needs to stop.Read more... | Send to a friend

  • #ExperienceAdvantage: The secret to winning in the age of experience
    on October 29, 2019 at 10:00 am

    Kantar's Molenaar (second) and Cador (third) with the rest of the the morning's speakers, coverage on the rest to follow soon!</span>Attendees mingled over breakfast bites and much-needed morning coffee before settling into the conference area for the Cape Town version of the Kantar customer experience (CX) advantage 2019 masterclass. Here's what you missed from Barbara Cador, global head of Kantar's CX+ initiative, and Mark Molenaar, head of CX for Kantar South Africa, with a special focus on learnings from the banking industry...Read more... | Send to a friend

  • From the missing middle to the co-economy
    on October 24, 2019 at 11:19 am

    Image source: Getty/Gallo</span>The middle class as we know it is endangered. Formerly, the middle class was defined by what it owned, its consumption. Today, we need to re-think what it means to be middle class.Read more... | Send to a friend

  • Can a banking phoenix rise from ashes
    on October 14, 2019 at 3:29 pm

    Felix Antonysamy</span>For some time, many technologists have predicted that new players and new technologies will quickly gain traction in the local banking industry. In this vision, fintechs, telcos and other agile players will ride roughshod over today's banks.Read more... | Send to a friend

  • Ombudsman for Banking Services ensures relevance at international ombudsman scheme conference
    on October 8, 2019 at 12:57 pm

    This week the Ombudsman for Banking Services South Africa hosted the 12th annual conference of the International Network of Financial Services Ombudsman Schemes (INFO Network).Read more... | Send to a friend

  • Mobile-based lending is huge in Kenya: but there's a downside too
    on October 4, 2019 at 5:25 am

    Taking a loan has never been easier thanks to the proliferation of mobile lending platforms. Rosenfeld Media/Wikimedia Commons</span>Over the past 10 years mobile-based lending has grown in Kenya. Some estimates put the number of mobile lending platforms at 49. The industry is largely unregulated but includes major financial players. Banks such as Kenya Commercial Bank, Commercial Bank of Africa, Equity Bank and Coop Bank offer instant mobile loans.Read more... | Send to a friend

  • Know your business inside out with a Biz Office
    on October 2, 2019 at 10:07 am

    New expectations of transparency and authenticity in business means things like organisational purpose, brand stories, how your company does things, what it believes in and what it stands for, can all play a part in how your company sees itself and how it is seen by others.Read more... | Send to a friend

  • Europlaw Group Incorporated to benefit in Credit Enhancement Program of Ithuba Group
    on October 1, 2019 at 3:37 pm

    Europlaw Group and Ithuba Group entered into an advisory appointment arrangement for the specific purpose to benefit from a "Credit Enhancement Program". Ithuba Credit Corporation Ltd issued a Medium Term Note (MTN) to Blackstone Resources AG. Please visit: https://www.marketwatch.com/press-release/blackstone-resources-ag-raises-500m-via-mtn-issuance-2019-05-11?mod=mw_quote_newsRead more... | Send to a friend