Finally, Facebook for Accountants! No, not really, although one would think that some IT people might think it would have been a good idea … For obvious reasons, one being that accountants are often depicted as little spectacled men in grey suits, not capable of maintaining a conversation about issues outside their field…
Increased audit exemption thresholds internationally have prompted stakeholders to look for alternative services to an audit. This article explores the growing use of agreed-upon procedure (AUP) engagements as a means of filling the gap As financial reporting and other forms of external reporting have evolved, there has been recognition that users’ needs for enhanced credibility…
A parable is a story often employed in biblical texts and is used to illustrate a moral lesson. One that struck me recently is about three talents, which I have adapted into a scenario below. Imagine a business owner who calls in three managers, all of whom are all at different levels. He presents the…
PwC South Africa has released its integrated report for 2016. It has been clear for some time that neither financial reporting nor sustainability reporting is sufficient on their own to describe the value created by an organisation. For these reasons, King IV advocates the concept of integrated thinking, of which an integrated report is the…
The South African tax system is based on a progressive system when taxing individuals. The Finance Minister announced a new tax bracket in the 2017 budget for taxing individuals that earn in excess of R1 500 000 per annum taxable income, taking the maximum marginal rate of tax up to 45%. This new tax bracket…
For as long as I can remember the Jeep brand has been synonymous with 4×4. In the early days the brand was built on a go-anywhere military vehicle. Fast forward to today, and even though the focus has changed from military to recreational, the go-anywhere philosophy has not changed. The Jeep Renegade is interesting as…
Project Siyakhula is a Deloitte-sponsored initiative that invests time to mentor and motivate students. It tutors Mathematics and Accounting to Grade 10, 11 and 12 learners from schools in Ivory Park. The word Siyakhula is derived from the isiZulu word meaning ‘we are growing’ and, boy oh boy, has it grown! Veryl Mulder interviewed three…
Chartered accountants’ daily job entails working with numbers and finances in its many forms, for example auditing and analysing financial records, financial reporting, taxation, and so much more. As financial professionals, we also offer financial advice to big corporate companies – however, we seldom get proper financial advice when it comes to our own personal…
Thomas Siakam CA(SA) is a senior consultant at a boutique advisory firm in Paris specialising in banking with a focus on risk and IFRS implementation Thomas Siakam had the opportunity to move to Paris a few months ago and he jumped at the opportunity. He is thoroughly enjoying the experience and on weekends you’ll find…
When times are getting tougher and every day more inexplicable stories start to appear in the media, we all wonder about the paradox of it all. This reminded me of a Huffington Post video in which Jay Shetty, a motivational philosopher, talks about how Albert Einstein famously remarked in a conversation with Werner Heisenburg, ‘You…