Fisa

ANALYSIS: AMENDMENTS TO IMPAIRMENT STANDARDS


1 August 2017


Since adopting the Standards of Generally Recognised Accounting Practice (GRAP) on impairment of assets, stakeholders shared practical challenges on the application of those standards with the Accounting Standards Board. This article discusses these challenges and steps taken by the board to respond to those challenges GRAP 21, Impairment   Non-Cash-Generating Assets, and GRAP 26, Impairment of Cash-Generating Assets, became effective for reporting periods beginning on or aft...More

ANALYSIS: THE NEW AUDITOR’S REPORT


1 August 2017


Challenges are being faced in the implementation of the new auditor’s report. Here are some tips gleaned from auditors’ initial experiences The most prominent change in the auditor’s report under the new and revised auditor reporting standards is the communication of key audit matters (KAM), which provides more entity-specific and audit-specific information to the users of the audited financial statements about the audit that has been performed. We obtained input from som...More

COVER STORY: LEADING LADIES ACHIEVING THE EXTRAORDINARY


1 August 2017


These seven incredible ladies are all leaders in their own right who are striving to help our country become a better place in their own authentic way. Not all of them were born with the proverbial silver spoon in their mouths - some even had to deal with the tragic death of their parents. But they dreamed big, believed in themselves and yes - they’ve made it happen. And now they are leading and inspiring others. Thuto Masasa Tracy Brophy Nomzamo Radebe Ayanda Ball...More

VIEWPOINT: Words of Wisdom this Women’s Month


1 August 2017


On 9 August 1956, around 20 000 women of all races marched to the Union Buildings to protest laws which restricted the movement of black people in the country. Since 1995, this march has been celebrated in South Africa as Women’s Day to recognise the significant role that women played in the struggle for freedom and democracy. As I considered the value that women in my own life bring to the workplace, I thought it would be apt to reach out to some respected women I know and a...More

VIEWPOINT: Financial Independence for Women


1 August 2017


Being financially independent means different things to different people. For many it refers to people who are able to completely support themselves financially, without the help of outside parties, including family, friends or partners. With August being Women’s Month, I want to encourage women to take control of their financial future and not rely on someone else to take care of their personal finances. Increasingly, more women are entering South African boardrooms and it i...More

FOCUS: Leading in an International Career


1 August 2017


Jean Stephens is CEO of RSM – a global network of independent audit, tax and consulting firms with offices in 120 countries. Jean was born and studied in the US and is a certified public accountant with a Master’s in Finance. She shares her journey with us My journey as CEO – and without a doubt the turning point in my career – began when I accepted a secondment offer from my firm in California in the US to the RSM head office in the UK. This was a step backwards for me...More

MOTORING: VW Passat 2.0 TDI R Line


1 August 2017


VW’s Passat has always been in the shadow of the Audi A4, but the latest version of the Passat seems to be breaking away from that mould. To start, the front of the Passat is unmistakably VW, with its new striking chrome grill that seems to fade into the lights. The new headlights look edgy and modern with their angular lines and crystal clear glass. The bonnet has two prominent creases which elevate the centre of the bonnet, giving the car a sports coupé look as opposed to ...More