Insurers Seeking the silver lining in the COVID-19 pandemic

Pre the COVID-19 pandemic the insurance industry was already dealing with large-scale regulatory changes, implementing IFRS 17, and repositioning insurers for changing customer needs. The added complexity of the pandemic has certainly not helped the sleeping patterns of insurance executives. Whilst the economic strain of the pandemic is clear to see, there are some positives…

CPD: An overview of ISA 240, Part 2

Mario Fazekas, a certified forensic auditor, presented a webcast1 in which he provided an overview of the auditor’s responsibilities relating to fraud using ISA 240, The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements (ISA 240), as the outline. The key messages from the webcast are summarised in a two-part article series.…

Advice: Pathways to possibility

‘If you do not change direction, you may end up where you are heading’ – Lao Tzu. This quotation opens the book by Rosamund Stone Zander titled Pathways to possibility. It captures the nature of life – the ever-present force of chance and how our relation to ourselves, others and the world determines the meaning…

Advice: Future-proofing your career

’Future-proofing’ may just sound like a new buzz phrase but there is some real substance to the ideas behind the term. What it means to future-proof something is to make it sustainable, able to last beyond the present moment, and withstand change and fluctuations. In a world that is increasingly focused on sustainability, it is…

Viewpoints: Supplementary budget 2020

TAX Specialist On 24 June 2020, Finance Minister Tito Mboweni tabled a supplementary budget necessitated by the outbreak of the COVID-19 pandemic and economic downturn. This budget introduced adjustments to the original budget tabled in February 2020 and formalised the two tax bills which provide relief to taxpayers in response to COVID-19. Furthermore it sets…