Kevin Phillips CA(SA) is CEO of IDU Group As the first wave of the COVID-19 crisis begins to recede and lockdown measures ease, it’s becoming clear that we can no longer expect to “go back to normal”. Just as a flood sometimes permanently changes the course of a river, so the pandemic has shifted the…
DetailsIgnatius Sehoole KPMG CEO calls for strengthening of South Africa’s CA pipeline KPMG South Africa CEO Ignatius Sehoole has called for more vigilance than ever in South Africa’s accounting sector, as the Covid-19 crisis poses a unique challenge to the business environment. He calls on the South African Institute of Chartered Accountants (Saica) to aid…
DetailsSky News Australia CFO Henning Neethling believes achievement is the product of talent, effort, and direction. How did a farm boy from Rondefontein in the southern Free State become the CFO of Sky News Australia? It’s a question Henning Neethling still asks himself. He joined the News Corp Australia 24-hour news channel in October 2019…
DetailsWith many people working from home, it seems that this comes with its fair set of challenges regarding balancing work and life. Boundaries have been blurred and most are working more than their usual hours, often neglecting their health and family time. As much as demands have increased during this chaotic time, it is very…
DetailsWith the withdrawal of the CIPC non-binding opinion, auditors should be cognisant of the requirements of section 90 and 92 of the Companies Act when accepting an appointment as the auditor of the business accounts of a legal practitioner. This article serves as a reminder of these such requirements. In October 2019, the Companies and…
DetailsAudit requirements relating to the business accounts of legal practitioners have now been clarified. In October 2019, the Companies and Intellectual Property Commission (CIPC) issued a notice of the withdrawal of the non-binding opinion pertaining to Regulation 28(2)(a) of the Companies Regulations 2011 to the Companies Act 2008. This opinion applied to legal practitioners who…
DetailsFollowing another spate of corporate governance and audit failures both locally and internationally, lack of professional scepticism is a phrase frequently quoted in the media. This article attempts to clarify the concept of professional scepticism and how auditors can practically apply this. The misconception The media seems to use the blanket statement ‘lack of…
DetailsUnprecedented. It’s a word that’s often bandied about in a hyperbolic sense, but in the case of the global COVID-19 pandemic, it’s one of the most apt descriptions of what the world is facing. COVID-19 is an unprecedented event that has affected every single part of life on the planet, including leaving an indelible mark…
DetailsWealth Advisor‘Collars and caps’ may sound like the dress code for a country outing. But when the VIX (volatility index) hit a record high of 83% in March 2020, it was time for ‘circuit breakers’. COVID-19, a black swan, was the uninvited guest to the investment party. Mike Lledo CA(SA)IndependentFinancial Services Consultant Unprecedented volatility The…
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