The most significant enhancement in auditor reporting in recent history, at the heart of the call from investors and other users of audited financial statements for more entity-specific and relevant information, is the reporting of key audit matters. By Ciara Reintjes The new International Standard on Auditing (ISA) 701, Communicating Key Audit Matters in the…
In January, Deputy President Cyril Ramaphosa stated that the success of any nation lies in education. He noted that skills shortages were straining economic growth, and education was the only solution to this problem. He said education enterprises relied on committed educators; that students needed to take education more seriously; and that businesses needed to…
Devoted to one family and one firm, Andrew Hannington CA(SA) says he follows the Japanese model. Read his secrets of being a solution-finder and juggling the role as CEO of Grant Thornton JHB and his big family. Lynn Grala interviews him. It’s almost two years since Andrew Hannington took the reins as CEO of Grant…
The APC is a ground-breaking innovation which confirms that SAICA is a global leader in professional accounting education and assessment. By Jeff Rowlands Accounting Professional Training (APT) is proud to have been associated with this initiative and to have provided the professional programme for the first-ever APC. APT is particularly proud that some 80% of…
National Treasury’s budget-setting process is quite complex, yet transparent and robust. This ensures that proper stakeholder consultation and input are taken into account before the final Tax Amendment Acts are signed into law. Muneer Hassan explains the process and how SAICA contributes to it: The annual National Treasury budget-setting process begins in November each year…
As a society living in an information era, we have the power of using the Internet to research any topic for ourselves. This presents a problem for speakers whose speaking slots have been reduced, when previously they were given longer slots to deliver information. Speakers of today need to be able to deliver content in…
Muneer Hassan highlights changes to consumption tax in the 2015 budget: A summary of some of the tax-related budget proposals appears below. FUEL TAXES The general fuel levy will increase by 30,5 cents per litre and the Road Accident Fund levy by 50 cents per litre on 1 April 2015. The total increase in the…
Basia Phomane attempted the CTA twice, failed ITC five times, did CTA twice again, and then successfully passed both the ITC and APC. Tragically, he passed away four days after achieving his ultimate dream of becoming a CA(SA). In honour of Basia, we would like to share this inspirational piece he wrote before he passed…
Broad-based black economic empowerment is no longer an annual compliance issue. To benefit fully from transformation it is now all about being strategic, having good administration systems in place, and ultimately understanding the impact that transformation will have on a business. Anton de Wet explains The amended codes of good practice on broad-based black economic…
Globally, South Africa is considered a pioneer in implementing integrated reporting. To achieve high-quality integrated reporting, organisations need to apply a high degree of so-called ‘integrated thinking’, writes Graham Terry Given South Africa’s pioneering position, SAICA decided to canvass senior executives and non-executive directors to see if organisations were benefiting from the adoption of integrated…
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