ANALYSIS: Auditor focus on ‘other information’

Ashika Mohan gives an overview of the auditor’s revised responsibilities under international standards to read and report on other information included in an entity’s annual report, focusing on the continued importance of the auditor’s responsibilities in this area and the main changes The International Standard on Auditing (ISA) 720 (Revised), … MORE


Financial statement disclosures continue to expand and are increasingly qualitative and subjective. We examine the IAASB’s recent amendments to the International Auditing Standards (ISAs), which are intended to support a more robust, consistent process of auditing disclosures. By Lindsay Croeser In order to drive improved focus on disclosures throughout the … MORE


The Accounting Standards Board proposes alternative reporting frameworks for major public entities and government business enterprises to give effect to the constitutional mandate of a uniform reporting framework for all entities in the public sector. Tsholo Tshoke explains The Accounting Standards Board (ASB) is yet to make a final decision … MORE

ANALYSIS: B-BBEE and its implications for fronting

Shohana Hareeparsad addresses the amendments to the Broad-Based Black Economic Empowerment Amendment Act (Act 46 of 2013) and the Department of Trade and Industry’s Code of Good Practice as it relates to fronting According to the Guidelines on Complex Structures and Transactions and Fronting (previously Statement 002) of the Department … MORE

ANALYSIS: Is there a future for international tax planning?

The base erosion and profit shifting initiative is being designed to influence ultimately how global multinational corporates arrange their affairs from a tax planning perspective. An inevitable result is and will be changes to the way tax practitioners advise their clients. Deborah Tickle explains Globalisation and the digital age have … MORE

ANALYSIS: The Proper Tool for BEE Fronting Removal

Gerhardus Burger discusses past and current public sector procurement in the context of amendments to broad-based black economic empowerment legislation. He also identifies some unintended consequences of legislative changes and explores possible solutions One of the major challenges of black economic empowerment (BEE) is fronting. The big problem with fronting … MORE

ANALYSIS: IFRS 15 Revenue recognition will never be the same again

Gary Berchowitz and Simon Whitehead of PWC discuss the implications of the introduction of IFRS 15, the long-awaited global standard on revenue recognition. Those closely following the project know there are potentially significant changes coming for some industries, and some level of change for almost all entities The International Accounting … MORE