COMPLIANCE AND ITS RELATIONSHIP TO INTERNAL AUDIT

 Introduction The overall governance structure of an organisation, practicing good corporate governance, includes at least an internal audit function, a risk management function and a compliance function. In our opinion, the starting point for setting a corporate governance culture in an organisation is an overall Enterprise Risk Management (ERM) framework. Such a framework facilitates the…

TECHNICAL: ACCOUNTING

FINANCIAL INSTRUMENTS WITH CHARACTERISTICS OF EQUITY A discussion paper on the distinction between equity financial instruments and other financial instruments (non-equity instruments) has been published for public comment by the International Accounting Standards Board (IASB). This has been issued in South Africa as ED236 – Financial Instruments with Characteristics of Equity and can be downloaded…

STRAIGHT SHOOTING: Embracing Change

One of my pet hates is the consistent pessimism I see across this beautiful country of ours. Whether it is inflation, interest rates, crime or load shedding, many in this country choose to take every opportunity to sit back and complain rather than rise to the challenge and assist in tackling the many issues we…