The Accounting Standards Board (ASB) has issued a proposed guideline on The Application of Materiality to Financial Statements (ED 168). This article outlines the board’s key proposals in ED 168.
The purpose of this article is to inform sustainability assurance practitioners (SAPs) of the impact that the new rational purpose requirement could have on assurance practices in South Africa. It also explains the process that SAICA will follow to assist SAPs to prepare them for this impact. Read the full CPD article here.
How will the CA profession meet the challenges of the 21st century? Michael Izza, Chief Executive of the Institute of Chartered Accountants in England and Wales (ICAEW), shared his thinking at SAICA’s recent Courageous Conversations. Read the full article here.
When debt is reduced − that is, written off − it holds tax implications for both the debtor and the creditor. Amendments to the tax implications have been introduced in the hands of the debtor. This viewpoint covers the amendments. Read the full article here.
American theologian Tim Keller comments that when people say ‘We love our city’, what they actually love is their experience of a city. To truly love a city means working at making it a good place for everyone to live in. Can R150 transform a city? Read the full article here.
Blockchain technology is fundamentally an accounting technology. It has the potential to bring foundational change to audit and accounting practices. Audit work is often plagued by the duplication of efforts and requires extensive manual processes and reconciliations. All this is about to change with blockchain technology. Read the full article here.
In corporate, the race to the top is the same whether you have children or not. When I became a mum, I was fortunate to have a great support structure around me with an incredible husband, in-laws and parents who helped care for my family. Read full article here.
South Africa may indeed struggle with one of the poorest education systems in the world, but there are educators out there who are doing all they can to make to motivate youngers to defy of failure and embrace mind-sets of integrity, innovation and success. These six dymanic educators answer the question they are often asked:…
The chartered accounting profession faces an almost Darwinian scenario where its survival may depend on its ability to adapt to the changing environment in which it finds itself. Read the full article here.
Reduce negative emotions. The ability to effectively manage our own negative emotions is key to ensuring they don’t overwhelm us and affect our judgement. To change the way we feel about a situation, we must first change the way we think about it. If a colleague does not return a call, you might think they…