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ANALYSIS: JOB CRAFTING

The financial services industry fulfils a critical role within any economy. In South Africa this is no different. Organisations within this industry support the creation of a sustainable and prosperous society – cultivating economic growth, capitalising on business opportunities, and responding productively to economic and fiscal challenges. By Nicola van … MORE

ANALYSIS: IS YOUR EER CREDIBLE AND TRUSTWORTHY?

PART 1: EMERGING FORMS OF EXTERNAL REPORTING On 16 August 2016 the International Auditing and Assurance Standards Board (IAASB issued the discussion paper (DP) Supporting Credibility and Trust in Emerging Forms of External Reporting:1 Ten Key Challenges for Assurance Engagements,2 which has been prepared by the IAASB’s Integrated Reporting Working … MORE

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ANALYSIS: GEARING UP FOR ASSURANCE ON EXTERNAL REPORTS

PART 2: EMERGING FORMS OF EXTERNAL REPORTING (EER) The board of directors of a company drive the company’s external report content. Without legislative requirements, they can steer decisions on what type of assurance, if any, is required on the information reported. By Ciara Craul Reintjes Integrated reporting, a subset of … MORE

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ANALYSIS: AUDIT QUALITY INDICATORS: PROMOTING TRANSPARENCY

Continuous improvement in audit quality is a priority for the Independent Regulatory Board for Auditors (IRBA) and it believes that audit quality indicators (AQIs) could be a valuable tool to increase transparency in the financial reporting value chain. By Sadhir Issirinarain The Independent Regulatory Board for Auditors (IRBA), which is … MORE

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ANALYSIS: THE NEW AUDITOR’S REPORT: PERSPECTIVES ON ITS IMPACT

The independent auditor’s report is the auditor’s key communication to the shareholders and other users of the financial statements. After many years of audit reports that merely provided a ‘pass/fail’ conclusion, the landscape has changed. By Zuleka Jasper WHY THE CHANGE? The external audit is an independent and objective process … MORE

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ANALYSIS: PROFESSIONAL SKEPTICISM: IN THE AGE OF FAIR VALUE MEASUREMENTS

Audit quality concerns raised by a spike in unsatisfactory results from firm/engagement inspections performed by the regulator and the possibility of audit firms being sued for corporate failures warrants a fresh look at professional skeptism.  Here is Brian Monegi’s take on this ISA 200 Overall Objectives of the Independent Auditor … MORE

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ANALYSIS: GETTING TO GRIPS WITH THE NEW AND REVISED AUDITOR REPORTING STANDARDS

With only three months to go until the new and revised auditor reporting standards become effective, are you ready to be part of a change that has been dubbed as the most significant and visible change in auditing in recent history? By Willie Botha and Hayley Barker Hoogwerf In January … MORE