When is a car a good investment? Ford Mustang VW Golf GTi Club Sport Mercedes-Benz C220d Coupé WHEN IS A CAR A GOOD INVESTMENT? To start with, we can look at vehicles like typical accountants and work with their financial value and cost. This starts as soon as we decide that we want to buy…
While Sasolburg’s Caroline Mapulanga’s official job description is Accounting Technicians of South Africa facilitator, unofficially, she is a cheerleader and a pillar of strength for the learners she’s encountered in her six years as an AAT(SA) trainer When you train learners from impoverished backgrounds all across the country, you learn valuable life lessons. You deal…
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 der Westhuizen Although it is…
Far from seeing an approaching apocalypse, Kevin Phillips thinks we should be welcoming the machines into the workplace. He tells us why he thinks that and gives some tips for making the machines work for you The rise of the machines doesn’t sound like science fiction to me anymore. Many of us will remember a…
Jan Schoombee on the Pareto principle, comparative advantages, and the medal count at the Olympics Vilfredo Pareto found in 1906 that 80% of the land in Italy was owned by 20% of the population. The Pareto principle (also known as the 80–20 rule) follows the same logic in that in any given system, the majority…
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 Group (IRWG) for comment by…
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 emerging forms of external reporting…
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 the regulatory body for auditors…
Gina & Ila Nosipho & Pumla Chantyl & Veryl It is said that a person in a healthy environment and with healthy relationships flourishes and a person in a bad environment withers like an unwatered flower. And the more ambitious you are, the more important it is for you to try and create the right…
CAPITAL GAINS TAX IMPLICATIONS Amendments have been introduced to the Income Tax Act to clarify the capital gains tax implications arising in employee share incentive trusts. The non-disposal rule contained in paragraph 11(2)(j) of the Eighth Schedule that dealt with equity instruments contemplated in section 8C that had not yet vested is deleted from 1…