The International Accounting Standards Board (IASB) has issued proposals to amend IAS 32(AC 125) – Financial Instruments: Presentation. The purpose of the amendment is to clarify the classification of instruments that give the holders the right to acquire an entity’s own equity instruments at a fixed price (rights issue) when that price is stated in…
Integritax, SAICA’s monthly tax newsletter, came about as a result of the efforts of the first Project Director: Tax, the late Len Norval, wanting to start a Tax Faculty in the early 1990s, for SAICA members, along the lines of a similar offering by the Institute of Chartered Accountants in England and Wales. A separate…
So you hear that SAICA is changing its current training model and already you have pushed the panic button. As a trainee or a university professor you don’t know what this will really mean to you or how it will impact on your goal of becoming a CA(SA). You ask yourself why change a winning…
Our focus this month is our SAICA Regional presidents. We ask them questions ranging from elections of their boards, challenges and successes, and their strategic roles in implementing SAICA’s vision. To view the full version of the interviews, please visit www.accountancysa.org.za. Tim Odell ACA, CA(SA), is the Chairman of SAICA UK Region. What is the…
For some years now the role of the compliance officer and conceivably the concept of compliance risk (which is also known as legal risk) were associated with the financial services industry. Many people might have thought that only laws impacting on this industry have to be complied with. This perception could as well have been…
One of South Africa’s most daunting educational challenges is to ensure that the average student entering university has a foundation sufficiently strong to handle the demands of university life. With a view to contributing meaningfully to meeting that challenge, SAICA has accredited 13 universities to deliver the chartered accountancy [CA(SA)] programme comprising BCom and the…
The primary requirements for a credible valuation are a stable historical earnings stream, a clear outlook for future earnings, low volatility and good proxies to be used as comparisons. Current market conditions both locally and globally have only served to complicate private and public equity valuations, which are tricky exercises at the best of times.…
In her address at the National Prosecuting Authority’s Stakeholder Conference held in March 2007, the then Minister for Justice and Constitutional Development reminded the audience that one of the targets of the department was to reduce crime by between 7% – 10% per annum. Recognising the need for all stakeholders to join forces in order…
SECTION 80A (c) (ii) OF THE INCOME TAX ACT AND THE SCOPE OF PART II A: THE BIG BOOM PART 1 1. Introduction According to the economist Adam Smith in his book, The wealth of nations – 1776, one of the basic principles of any tax system should be that individuals can determine the amount…
Laasjaar was daar ongeveer elke kwartaal groot skokke soos elektrisiteit, kommoditeitsinflasie, rentekoerse en uiteindelik die grootste bielie van almal, die wereldkrisis, hul opwagting gemaak het. Hierdie jaar is dit ons makrobeleid wat toenemend verras. Die begrotingssurplus van 1% van BBP in 2007 het laasjaar stadig in ’n begrotingstekort ontaard, maar het toe veral hierdie jaar…
