Ordering a forensic audit is like going to court to enforce a contract – both are last-resort actions when something has already gone very badly wrong. The horse is long gone over the hills, and there is bitterness and recrimination as everyone goes about fixing the stable doors. Understanding what, where, when and how things…
“For the most part, a good hospital plan will serve you fine. That’s your biggest worry generally: “What if I’m in a car accident, have a heart-attack, etc.”” Why comprehensive medical cover may be overkill … While we’re on the topic of reducing ‘unnecessary’ expenditure, I thought I’d tackle the concept of medical cover. Before…
Digital record keeping and data analysis can effectively combat fraud in the workplace The perception of a corrupt business environment in Africa has long been seen as a barrier to those wanting to trade on the continent. But as business opportunities start to boom, especially across sub-Saharan Africa, local businesses, newly entered multinationals and governments…
Responsible leadership The SAICA Member Values are: Integrity, Professionalism, Diligence, Accountability and Dedication. Your CA(SA) designation represents the essence of what you stand for as a true business leader. It tells the world that everything you do is filtered through SAICA’s stringent Ethics and Values Code … a part of the formula that sets you…
International Financial Reporting Standards (IFRS) are designed to create a single set of high-quality financial reporting standards. This initiative is intended to provide a central source of information that permits interested parties to chart jurisdictional progress towards the achievement of that goal. The graphic uses lights to show the progress globally. Country Status Version Canada…
“Certain fraud risks are at times identified when performing risk assessments as operational, business continuity or compliance risks.” Prevention is cheaper than cure – get risk and mergers and acquisitions assessed by forensic practitioners The tasks undertaken by a forensics practitioner have evolved tremendously in the past decade, from merely analysing evidence after an illegal…
It may not be the most visible asset but like the gift that keeps on giving, it is the one that offers the greatest returns. We invest willingly in establishing our own physical and intellectual capacity – yet thereafter few of us take adequate precautions to protect our income earning capacity. Few professionals would fail…
“Your business may have simply outgrown its existing software, or as the business grows you may have more employees working across a range of different areas and departments.” ERP enables growing businesses to re-focus, automate processes and reduce costs Enterprise resource planning (ERP) solutions are software products developed to improve and automate the flow of…
The World Intellectual Property Organisation (WIPO) published a list of the Top 20 countries according to patent applications and patent grants. South Africa ranks 16th among the countries for patents granted, with 5 296 patents granted in 2012. Patents are granted according to the applicant’s country of origin. For example, if a South African applicant…
“In all cases, the real estate owner will need to file with SARS an annual tax return for each period of 12 months, ending on the last day of February in each year.” Meticulous paper work and the right legal is required to meet tax requirements Many non-resident private individuals (and entities) have acquired real…