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

  • IRBA publishes consultation paper on enhancing disclosures in audit reports
    on July 22, 2021 at 6:30 am

    Source: ©1tjf [[www.123rf.com 123rf.com]]</span>There is already a precedent in South Africa for additional disclosures in an audit report, but the Independent Regulatory Board for Auditors (IRBA) has heeded the call of various stakeholders, including investors, and published a consultation paper aimed at enhancing this. Read more... | Send to a friend

  • The combined assurance model: Designed to improve accountability?
    on July 8, 2021 at 7:07 am

    Source: Getty/Gallo</span>Accountability and trust are the cornerstones of the accounting profession. The International Federation of Accountants (IFAC) recently issued several calls to the profession to strengthen and uplift public trust. By doing so, the accountancy profession can maintain its public interest mandate, thereby ensuring public confidence, trust, and accountability. This is even more prevalent as economies navigate the Covid-19 crisis. The question is whether the combined assurance model could be a mechanism used to assist the profession in achieving these objectives. Read more... | Send to a friend

  • Amazon found destroying unsold stock - would better accounting practices help?
    on July 7, 2021 at 9:31 am

    © Ken Wolter - [[www.123RF.com]]</span>A recent undercover investigation in an Amazon warehouse in Dunfermline, Scotland, reported the disposal of more than 130,000 "new or lightly used" objects in a single week in just that one location. Read more... | Send to a friend

  • Riding the combined assurance wave in the public sector
    on July 1, 2021 at 12:51 pm

    Source: ©wirojsid [[www.123rf.com 123rf.com]]</span>The process of finding collective, workable solutions starts with taking collective responsibility and accountability. And for this process to succeed, all roleplayers need to work together. While the system may be weak, coming together with a common purpose will lead to improved outcomes. Read more... | Send to a friend

  • #YouthMatters: Linda Baqwa strives for great achievements
    on June 25, 2021 at 7:30 am

    Linda Baqwa, account manager for Streamline</span>Linda Baqwa is the account manager for Streamline Retail Hub. An animated young professional, she hopes to make strides in the digital and advertising industry to pave the way for young, black women to succeed Read more... | Send to a friend

  • SIU granted order to freeze bank accounts of Digital Vibes
    on June 24, 2021 at 9:24 am

    The Special Investigating Unit (SIU) has been granted a preservation order to freeze approximately R22m held in bank and investment accounts linked to Digital Vibes (Pty) Ltd. Read more... | Send to a friend

  • Mboweni appoints new IRBA board
    on June 14, 2021 at 7:58 am

    Fulvio Tonelli, new chair of IRBA</span>Finance minister, Tito Mboweni, has announced a new board for the troubled Independent Regulatory Board for Auditors (IRBA). Read more... | Send to a friend

  • Do we really need all this data?
    on June 11, 2021 at 5:08 am

    [[www.123rf.com 123rf.com]]</span>The advent of Protection of Private Information Act (PoPIA) from 1 July 2021 will make us all look at how we collect information from subjects and to question what is necessary to gather. In short, most firms - large and small - process data of some sort and will have to comply with regulations around how we collect, store and protect such data. Read more... | Send to a friend

  • What you should know about work-related tax deductions
    on June 9, 2021 at 8:09 am

    [[www.123rf.com 123rf.com]]</span>President Cyril Ramaphosa signed a series of new tax- and finance-focused bills into law on 20 January 2021. Even though they primarily deal with administrative and technical issues, but there are a number of changes that will affect your work-related claims. Read more... | Send to a friend

  • Committed to working together to prevent fraud in Southern Africa
    on May 14, 2021 at 2:32 pm

    Association of Certified Fraud Examiners, South Africa (ACFE SA) and the South African Institute of Chartered Accountants (SAICA) sign a new Memorandum of Understanding Read more... | Send to a friend

The Banking community of South Africa South Africa Banking news

  • South African banks count cost of replacing ATMs looted during unrest
    on July 30, 2021 at 12:52 pm

    Members of the military look at damaged ATM machines outside a bank as the country deploys army to quell unrest linked to jailing of former President Jacob Zuma, in Soweto, South Africa, 13 July, 2021. Reuters/Siphiwe Sibeko</span>South African banks said that replacing 1,400 automatic teller machines (ATMs) vandalised and looted during recent violent unrest could take about two months. Read more... | Send to a friend

  • FNB searches for top tech talent - 300 openings
    on July 30, 2021 at 9:33 am

    FNB is looking to recruit 300 experts with engineering, technology, data and quant skills to supplement its existing cohort of more than 5,000 equivalent skills. It is looking for industrial engineers, software developers, cloud engineers, cybersecurity specialists, data and quant scientists, systems and solutions architects, test engineers, chemical and mechanical engineers, actuaries, business and systems analysts, customer and user experience specialists, as well as content and design specialists. Read more... | Send to a friend

  • Consumers encouraged to save during Savings Month
    on July 29, 2021 at 10:33 am

    With South Africans having one of the lowest household savings ratios in the world, at just 0.6%, National Savings Month in July provides a great opportunity for South Africans to consider their saving habits and how they can save more. Read more... | Send to a friend

  • Stating the case for mobile money in South Africa
    on July 29, 2021 at 6:36 am

    Jaco Saunders, commercial director, MACmobile</span>South Africa stringent banking legislation has been a significant barrier to the country's participation in Africa's massive mobile money market. However, the potential for mobile money solutions cannot be ignored, and financial institutions are partnering with start-ups to deliver innovative offerings. Read more... | Send to a friend

  • More Nigerian banks are using chatbots to serve customers, but with mixed results
    on July 27, 2021 at 12:54 pm

    Chatbots can be utilised to enhance customer experience. PIUS UTOMI EKPEI/AFP via Getty Images</span>Chatbots are becoming an integral part of service provision around the world. Chatbots are computer programs designed to simulate a conversation - both voice and text - with human users, especially over the internet. They are described as a never-sleeping, cost-efficient and powerful way to provide basic support to consumers. Chatbots can respond faster to customers and even personalise consumer experiences as they are programmed to understand the patterns of interactions. Read more... | Send to a friend

  • Repo rate unchanged at 3.5%
    on July 23, 2021 at 6:41 am

    Lesetja Kganyago, Sarb governor</span>The Monetary Policy Committee (MPC) agreed unanimously to leave the repo rate unchanged, opting to keep it at the current 3.5% per annum. Read more... | Send to a friend

  • Reinventing multilateral development banks
    on July 21, 2021 at 2:45 pm

    Source: ©Mark Atkins [[www.123rf.com 123rf.com]]</span>Can development banks and agencies mobilise their capabilities, capacity and capital to emerging economies aren't left behind? Read more... | Send to a friend

  • #BehindtheMask: Nedbank IMC speaker Sydney Mbhele
    on July 21, 2021 at 8:00 am

    Sydney Mbhele, chief executive: Brand at Sanlam, a member of Exco and chairman and board member of the Marketing Association of South Africa (Masa). He is also the co-founder and chairman of Mentor A Boy Child. Read more... | Send to a friend

  • Sabric warns dye-stained cash won't be honoured
    on July 19, 2021 at 8:26 am

    Source: Getty/Gallo</span>The South African Banking Risk Information Centre (Sabric) has warned retailers against accepting dye-stained bank notes as legal tender, as the onward use and value of these notes will not be honoured. Read more... | Send to a friend

  • Standard Bank set to buy out Liberty
    on July 16, 2021 at 5:36 am

    Source: ©Rowan Jackson [[www.123rf.com 123rf.com]]</span>Standard Bank is planning to buy up the 46% of shares in Liberty it does not already own, to take full ownership of the insurance company. Read more... | Send to a friend