On the right career track: Evodia Malebo

Director: Finance and Budget Management at the Department of Human Settlements. Current job title?Director: Finance and Budget Management at the Department of Human Settlements. What is your proudest career achievement?Working for two of the Big Four audit and accounting firms (EY and PwC) and also working for the Office of the Auditor-General (AGSA). And at…

IT as a Key Audit Matter

Information technology is an integral component of most organisations’ business operations, with individuals and societies placing ever-increased reliance thereon. IT brings with it significant benefits but also significant risks which impact directly on how entities conduct business. The rapid evolution of the IT landscape, coupled with the Fourth Industrial Revolution, creates a new dimension for…

Profile: Leading as a Team

In September of 2018, Michelle Olckers CA(SA) and Anoop Ninan CA(SA) were announced as co-CEO’s of Mazars South Africa. They each share more about themselves and their journey to the top. Michelle Olckers Michelle Olckers, a former University of Cape Town student, admits that her first steps in her chosen profession were uncertain ones. ‘Although…

CPD: New Technologies set to Power and Audit

More data was produced in 2017 than in the previous 5 000 years of humanity. New and disruptive technologies are emerging at a rapid pace. Blockchain, the cloud, robotic process automation (RPA), digital labour, machine learning, deep learning, quantum computing, natural language processing (NLP) − all of these have huge potential to change how business…

CPD: Proposed Deferral of IFRS 17

The International Accounting Standards Board (IASB) at its meeting on 14 November 2018 tentatively decided to propose that: The mandatory effective date of IFRS 17, Insurance Contracts (IFRS 17), be deferred by one year, to 2022, and The fixed expiry date for the optional temporary exemption from applying IFRS 9, Financial Instruments (IFRS 9), which…

SAICA’s Disciplinary Committee outcome

SAICA hereby informs staff that the hearing in respect of Mr Tshifhiwa Matodzi, the former chairman of the board of VBS Mutual Bank, was concluded on 19 February 2019. The Disciplinary Committee has ordered the cancellation of Mr Matodzi’s membership from SAICA in terms of SAICA By-law 30.2. SAICA can also confirm that the part-heard…

Large Corporate Bullies need to be held accountable

There have been several recent incidents where big corporates were taken on by small and medium enterprises (SMEs) or consumers. It is time that large corporates start acting in the best interests of SMEs . Woolworths has recently admitted that its baby carrier is ‘strikingly similar’ to Shannon McLaughlin’s Ubuntu Baba carrier and has stopped…