March 2021 Issue

‘When nothing is sure, everything is possible.’ This is such a powerful quote from novelist Margaret Drabble. In an article in Psychologies about how to find peace in unpredictable times, the author suggests: ‘Place your hands on your heart, breathe deeply and tune into a dream for yourself, your loved ones, your community and the…

UJ Accreditation Opens a New Career Path for Accountants

When it comes to addressing South Africa’s scarce-skills shortage, SAICA prides itself on accrediting programmes which enable students access to SAICA’s membership via various qualification routes. The accounting body recently added another point of entry into its diverse offerings when it confirmed that the University of Johannesburg’s (UJ’s) BCom Accounting and BCom Accounting (Extended Programme)…

Recommend: Public Sector

ANTI-INTIMIDATION IN THE PUBLIC SECTOR In October last year, SAICA focused on ethics and delivered a series of webinars to discuss the ethical challenges currently facing the chartered accountancy and auditing professions and come up with solutions to these challenges During a particular focus on ethics in the Public Sector, SAICA’s Senior Executive for Public…

Special Report – Audit Reform: The impact of the 4IR on the accounting and auditing profession

Lilly MollelAudit Manager, RSM South Africa Over the festive season, I encountered an article on the Innovation Enterprise website written by James Ovenden which, for obvious reasons, caught my attention. Will blockchain render accountants irrelevant? The article discussed the impact blockchain technology will have on the auditing and accounting professions and how this is likely…

Special Report – Audit Reform: The audit expectation gap

Hayley Barker HoogwerfSAICA: Project Director The South African and other global economies have fallen victim to corporate failures that resulted in devastating effects on investors and the public. When such corporate failures do occur, the role of the auditor is often brought under scrutiny; particularly as it relates to the role of the auditor in…

IFRS 17

Recommend: IFRS 17

CORPORATES, DON’T BE CAUGHT OUT BY IFRS 17! Corporates may have contracts that fall within the scope of IFRS 17 and the measurement of insurance contracts and/or structures will be different. Identifying these changes is the first step on the journey of implementation of IFRS 17. There is, however, still time for corporates to catch…

Advice: Small Business

HAVE YOU RECENTLY STARTED A BUSINESS OR SIDE HUSTLE? In a series of interviews, I explore the approaches of different business leaders (all chartered accountants) to strategy. This month I was in conversation with Elmar Conradie, CEO of Safair. AUTHOR | Jameel Khan, Head of Projects at SAICA Enterprise Development Unsurprisingly, in 2020 and as…