The 2021 Dalbar study showed investor biases about doubled in costs to 2,11%. COVID-19 created extreme volatility − one of the greatest market crashes followed by one of the greatest bull runs. Recency biases grew to 58% from 35% (2020) and confirmation biases doubled to 50%! MIKE LLEDO CA(SA) Independent Financial Services Consultant The Investments…
The COVID-19 pandemic and lockdown have changed our lives and the way we do things for good. Leaders had to deal with and become more aware of multiple different aspects since the pandemic started: Working from home. More flexibility. Communication through online platforms. Less control. More trust. New opportunities. Employee health and wellbeing. Financial strain.…
The impact of COVID-19 on the South African economy loomed large in 2021. While the outlook is still somewhat bleak, the country’s small business sector is showing a modicum of optimism, according to Xero’s latest State of Small Business report A likely trigger for this slight, yet encouraging buoyancy is the use of technology. According…
A training contract is a term contract − it’s not a never-ending employment opportunity. So if you are in the commerce and industry training programmes or you are in the privileged position to have an offer to stay on at your firm, you need to ask the big question – ‘Do I stay or do…
This article highlights the changes to the IAASB standards and SAICA FAQs that will affect auditors and practitioners in 2022 and gives an indication of change on the horizon based on the IAASB’s work plan for 2022−2023. The standards of the International Auditing and Assurance Standards Board (IAASB) continue to evolve. New and revised IAASB…
The ISA 315 (Revised 2019) application material includes scalability considerations which illustrate the application of its requirements to all entities regardless of whether their nature and circumstances are less complex or more complex. This article summarises all the relevant application material for ease of reference. SA 315 (Revised 2019), Identifying and Assessing the Risks of…
In this article, five whys are answered about Exposure Draft, Proposed International Standard on Auditing for Audits of Financial Statements of Less Complex Entities (ED-ISA for LCE) Why is it important? It is recognised that less complex entities (LCEs) make an important contribution to the world economy and account for the great majority of entities…
SURVIVING CHANGE Battles (and change) have been part of life from the beginning: good versus evil, light versus darkness – we are all familiar with battles happening today all over the world. However, there is another battle that is much closer to all of us and one that is applicable to 100% of you reading…
As you welcome your new intake of graduates in 2022, you might realise that the face and expectations of this workforce are changing every year, and it’s not only about the age, but also about their exposure to the pandemic before joining the working class. Zanele Maduna CA(SA) Director at No-Valo Learning Centre According to…
The past two years have brought massive complexity and uncertainty. For many, the focus has been on the short term – on survival. Personally, I’ve experienced one of the most challenging contexts I’ve ever had to work in and lead people through. Brett Tromp CA(SA) CFO of Discovery Health We’ll be dealing with the COVID-19…
