Feature: Fostering future innovators

By teaching students the principles of entrepreneurship, they are empowered to become more innovative, creative, and problem-solving individuals who can contribute significantly to the economy and society. This article explores the importance of teaching entrepreneurship in schools and the steps required to implement it as a subject. In a rapidly changing world, traditional education models…

Advice: Accounting for employee share ownership plans

Employee share ownership plans (ESOPs) have become increasingly common for multinational, listed and unlisted companies operating in South Africa as a way to attract, retain and reward their employees. ESOPs can also be effective mechanisms to drive companies’ broad-based black economic empowerment (BEE) strategies and to align stakeholder and employee values. Accounting for these complex…

Recommend: The property practitioners’ landscape

As an auditor of property practitioners’ trust accounts, are you aware of the new developments following the illustrative reports recently published by IRBA in March 2023 and the coming into effect of the Property Practitioners Act in February 2022? AUDIT OR INDEPENDENT REVIEW OF FINANCIAL STATEMENTS All business property practitioners with an annual revenue of…

Recommend: The IASB’s effort to improve communication in financial statements

As an academic, I have the unique opportunity to survey and interview expert practitioners from different roles, contexts, and levels of experience. Recently, I interviewed preparers and users of small and medium-sized JSE-listed entities. There was an overwhelming feeling that IFRS financial statements were unnecessarily complex, overly lengthy and of limited use, with users placing…

Profile: William Heyneman – Navigating an evolving landscape

From regulations to technology, globalisation and the need to adapt to emerging business practices and challenges … William Heyneman sheds light on the dynamic world of the CA(SA). His insights offer a roadmap to embracing change and seizing opportunities to thrive in a changing profession. William Heyneman CA(SA) is Head of Assurance at PKF South…

Profile: Daneel Steinmann – The CA(SA) who sells rugby jerseys

What started as a simple desire for classic cotton rugby jerseys has evolved into a thriving venture with a notable presence in the sports leisurewear market. In the fast-paced world of entrepreneurship, success stories often emerge from unexpected beginnings. Daneel Steinmann (25), a qualified CA(SA), and his brother, Stephan (23), exemplify this narrative with the…