On 15 November 2018 the International Auditing and Assurance Standards Board (IAASB) issued the exposure draft of proposed ISRS 4400 (Revised), Agreed-Upon Procedures Engagements (ED-4400), for public comment by 15 March 2019. The project to revise ISRS 4400 was started seeing that the standard had been developed more than 20 years ago and the growing…
XBRL stands for eXtensible Business Reporting Language, which essentially is a global web-based computer language designed for business reporting. It is being adopted by regulatory bodies around the world and South Africa is following suit, starting with the Companies and Intellectual Property Commission of South Africa (CIPC).
Technology has advanced rapidly over the last few decades, particularly with regard to artificial intelligence (AI). This advancement has professionals across disciplines fearing the unknown and more specifically, questioning their role after the implementation of these new technologies. The chartered accountancy profession is no exception.
What are cryptocurrencies? According to the South African Reserve Bank (SARB): Cryptocurrencies (that is, decentralised convertible virtual currencies) are a sub-set of virtual currency. Bitcoin, Litecoin and Ripple are examples of cryptocurrencies. Legal tender are notes and coins issued by a bank. Although not legal tender, cryptocurrencies are exchangeable for legal tender and may be…
Leadership Advisor BRETT TROMP CA(SA) CFO of Discovery Health What sort of leadership does the digital age demand? In a techdriven world, fast-paced change and ambiguity are the only certainty. Successful leaders are comfortable following a direction over a destination and give those they lead the same confidence. Are you ready for ‘Leadership 4.0’?
Blockchain SpecialistMONICA SINGER CA(SA)Blockchain Evangelist for ConsenSys The field of accounting owes almost its entire existence to the creation of double-entry bookkeeping. It is believed that the double-entry system was invented by medieval merchants in the Middle East. From there it was popularised by the major trading families of the Italian citystates of Florence, Genoa,…
Leadership and Success Strategist: USHA MAHARAJ CA(SA)Brain-based Coach, Speaker, Facilitator and HR Consultant Decisions are like the steering wheel of a car which can only travel in the direction it is steered. Every decision made either takes you closer to or further away from your destination. But how can you increase your ability to make…
Blockchain is all the rage. We are constantly bombarded by reports of how it will change the world. While it may alter many aspects of our lives, our suspicion is that they will be in areas that we experience only indirectly. That is, blockchain technology mostly will change the implementation of invisible processes – what…
Almost half of richer, digitally-savvy South Africans want to buy cryptocurrencies, according to new research from Business Insider. But are they a flash in the pan – or the future of finance? Cryptocurrencies are a subset of digital currencies which the Bank for International Settlements describes simply as assets represented in digital form. PayPal and…
On 22 May 2010, a programmer bought two large pizzas for 10 000 bitcoins, worth about $30 at the time. Exactly eight years later, those bitcoins were worth $82 million. They’ve come a long way. Cryptocurrencies are no longer the inaccessible trading grounds of tech-insiders; they offer real investment possibilities to real people – provided…