Daily Archives: August 1, 2022

RECOMMEND: Devising and publishing a business rescue plan

The Companies Act 71 of 2008 sets out the timeframes to formulate a business rescue plan and the format in which it must be presented after you have accepted an appointment as a business rescue practitioner and have met with the distressed business’ affected persons. The success or failure of the rescue will depend on…

RECOMMEND: The final countdown to IFRS 17 …

In five months’ time, insurers with a December year-end will leave IFRS 4 behind and will enter the new world of IFRS 17.1 The International Accounting Standards Board (IASB) issued IFRS 17 in May 2017, 20 years after the project on insurance contracts started. In June 2020, the IASB issued amendments to IFRS 17 to…