Itu Barnard : Be the change you want to see

Itu Barnard flaunts many hats. She is a director and founder of Browned Skyn (Pty), a company that imports raw materials from Ghana for use in cosmetics and pharmaceuticals. However, since the lockdown came into effect, this has changed to procuring PPE for humanitarian purposes in collaboration with other black-owned businesses. But she hopes to…

Belinda Carreira: Making an impact for good

Health and wellbeing have always been an immense passion for Belinda Carreira, and after years of dreaming of owning a business in this field, it finally became a reality two and a half years ago when she launched WELL. Her work with WELL revolves around the promoting and improving employee health and wellbeing − fully…

Zero-Based Budgeting: A practical understanding

South Africa’s uncertain future is motivating private and public sector managers to take a closer look at costs. An old idea from the 1970s has re-emerged right on cue. Zero-based budgeting (ZBB) asks managers to question each line-item in their budgets, and the related activity, from scratch. ZBB supporters dispute the merits of traditional budgeting,…

Nompendulo Pearl More: Keep on keeping on

Nompendulo Pearl More was born and raised in Volksrust in Mpumalanga. She had no commercial background from high school and no clue what a CA(SA) was or did. She can still remember the day she received a call from the Thuthuka Bursary Fund to tell her she had met the criteria to study at the…

The IRBA’s Public Inspections Report 2019

In this article, we analyse the results of the IRBA’s Public Inspections Report 2019 against those reported in previous years, as well as against the International Forum of Independent Audit Regulators’ (IFIAR) Survey of Inspections Findings 2019. We also highlight success factors or recommended practices to be applied by firms in order to ensure the…

An overview of ISA 240, Part 1

Key messages from a webcast by Mario Fazekas are summarised in this two-part article series. Part 1 covers the history of the audit in terms of the responsibilities for the detection and prevention of fraud, the characteristics of fraud and an overview of a sceptical mindset while Part 2 will outline the eight steps that…

A view from women at the top

What is it like to be a female leader in today’s world? We asked some of South Africa’s high-profile women CAs(SA) what it takes to reach the top and what it’s like when you get there. As part of our 40 Years of Excellence, we are celebrating outstanding female leaders. It has long been said…

On strategy A masterclass in strategy

With a background in financial management and business valuations, I have always been intrigued by ‘strategy’, the thing that ultimately sets a company apart from the next and probably, together with strong leadership, the main driver behind sustained value creation. In a series of interviews, I will be exploring the different approaches of different business…

Public sector financial management must be professionalised

SAICA has noted with concern the Auditor-General’s report of the audit outcomes for local government, which showed that only 8% of municipalities received clean audits for the 2018/19 financial year despite R1,26 billion being spent on financial reporting consultants. The report revealed how vital strong internal controls, appropriately skilled people and ethical conduct by both…