Paolo Giuricich

Viewpoints: Time to be active

2020 was about ‘circuit breakers’, ‘black swans’, the Volatility Index at new records, and every single asset class (equities, bonds, property, gold, oil) turned into a rollercoaster ride. Nothing was left unscathed. ‘Be greedy when others are fearful,’ said Walter Buffett. This was the time for active investment management! Mike Lledo CA(SA)IndependentFinancial Services Consultant Actives…

Ronel Jooste_SM

Viewpoints: Can accountants be innovators?

Innovators are people who start something new, who are creative and who bring excellent new ideas to life. Innovators are referred to as the ‘red people’ and accountants are ‘blue people’. Is that true or can accountants be innovators? Ronel Jooste CA(SA)Director at FinanciallyFiTLifeand author, speaker and radio talk show host People will often say…

Valuable insights from Anine Pheiffer

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 Anine Pheiffer, GM Strategy at Astron Energy and SAICA Southern Region Council President. When Anine moved from KPMG literally across the road to Chevron South Africa in 2007, she never…

The IAASB finalises ISA 315 (Revised 2019)

In December 2019, the International Auditing and Assurance Standards Board (IAASB) issued International Standard on Auditing (ISA) 315 (Revised 2019), Identifying and Assessing the Risks of Material Misstatement. On its release, the IAASB stated that ISA 315 (Revised 2019) is an important part of the IAASB’s efforts to improve audit quality globally. The IAASB chair,…

The concept of materiality and the need to embrace it

The concept of materiality is one of the most fundamental and significant concepts within the financial and corporate reporting ecosystem. ‘Materiality’ can be defined and rationalised in numerous ways, but the following encompasses the essence of the concept: Materiality is a concept or convention within auditing and accounting relating to the importance/significance of an amount,…