Pre the COVID-19 pandemic the insurance industry was already dealing with large-scale regulatory changes, implementing IFRS 17, and repositioning insurers for changing customer needs. The added complexity of the pandemic has certainly not helped the sleeping patterns of insurance executives. Whilst the economic strain of the pandemic is clear to see, there are some positives…
While the 2017 FICA Amendment Act, which came into effect of 1 April 2019, sought to fix problematic clauses within the FICA Act, it has real-world consequences for accountable institution. Regulatory changes by the state and the agencies acting on their behalf have become a status quo for financial institutions, adding to their already onerous…
Mario Fazekas, a certified forensic auditor, presented a webcast1 in which he provided an overview of the auditor’s responsibilities relating to fraud using ISA 240, The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements (ISA 240), as the outline. The key messages from the webcast are summarised in a two-part article series.…
‘If you do not change direction, you may end up where you are heading’ – Lao Tzu. This quotation opens the book by Rosamund Stone Zander titled Pathways to possibility. It captures the nature of life – the ever-present force of chance and how our relation to ourselves, others and the world determines the meaning…
’Future-proofing’ may just sound like a new buzz phrase but there is some real substance to the ideas behind the term. What it means to future-proof something is to make it sustainable, able to last beyond the present moment, and withstand change and fluctuations. In a world that is increasingly focused on sustainability, it is…
TAX Specialist On 24 June 2020, Finance Minister Tito Mboweni tabled a supplementary budget necessitated by the outbreak of the COVID-19 pandemic and economic downturn. This budget introduced adjustments to the original budget tabled in February 2020 and formalised the two tax bills which provide relief to taxpayers in response to COVID-19. Furthermore it sets…
Empowers Equips EducatesWhen I think of 2020, I am reminded of the opening line ‘It was the best of times, it was the worst of times’ in Charles Dickens’ book A tale of two cities. 2020 has been the year when what was planned became irrelevant and what was unplanned suddenly became very relevant. Wadzanai…
Public Speaking TrainerThere are a host of options to present using online platforms: MS Teams, Skype, Zoom, Go-To-Meeting, and WhatsApp video calling, to mention a few. Your objective is to become comfortable to present using any of these mediums – think of these as a venue in which to present. Let us look at what…
Leadership Advisor‘The pessimist complains about the wind. The optimist expects it to change. The leader adjusts the sails.’ So says leadership expert John Maxwell. How are we responding to the COVID-19 crisis? Is our leadership style still excellent? Are we maintaining a purpose-driven focus? Our world is reeling from the far-reaching effects of a pandemic…
The pandemic has intensified South Africa’s economic challenges, but these entrepreneurial CAs(SA) have found the secret sauce. AUTHOR | Monique Verduyn When President Cyril Ramaphosa addressed entrepreneurs in July, he applauded South Africans who are ‘searching for the silver lining’ amid the COVID-19 pandemic, a time of global crisis. The spread of the coronavirus has…
