Many of South Africa’s most prominent entrepreneurs also happen to be CAs(SA). They spoke to Monique Verduyn about what it takes to run a successful business in a tough economy. Entrepreneurial endeavours have had a large-scale impact on economic conditions, business environment and job generation in South Africa. Entrepreneurs help drive change through innovation, where…
DetailsFinancial Consultant & CoachConsidering the current state of the economy and challenges in South Africa, more people turn to entrepreneurship. Some because they want to, others because they have to because of retrenchments, unemployment and financial strain. Entrepreneurship can provide a solution to many challenges though Ronel Jooste CA(SA)Director at FinanciallyFiTLifeand author, speaker and radio…
DetailsThe nature of the COVID-2019 pandemic reaches into every sphere of society – political, economic, social, technological, environmental and legal – necessitating careful consideration of the long-term consequences of our decisions in response to the pandemic and requiring alternative futures to be considered. The purpose of this article is to describe four possible alternative futures…
DetailsIFRS 9 Financial Instruments carries forward the concept of dealing with accounting mismatches from IAS 39 Financial Instruments. As accounting mismatches will continue to exist in the foreseeable future as a result of the inherent structure of the global banking system, it is necessary to allow for their proper treatment in the reporting entity’s financial…
DetailsMany small businesses make the same mistakes early on that come back to haunt them a few years later. This is because of all the roles that business owners take on, managing their finances and being diligent about record-keeping are among the most challenging. A crucial contributor to business success is accurate forecasting. Businesses have…
DetailsThese are a few thoughts about how (not) to think about the future aimed at setting the scene for a short series of articles that are scheduled to appear in the next few issues of Accountancy SA. These (and many other) proven experts in their respective fields fell into the trap of paradigm paralysis −…
DetailsSAICA has published the results of the Assessment of Professional Competence (APC) – in many ways the most gruelling assessment of an aspiring chartered account’s life. I wish to congratulate the class of 2019 for their achievement and all our members and partners who played a vital role in this regard. Of the 3 560…
DetailsThis article provides an overview of the responsibilities of the auditor in terms of going concern, including reporting a matter relating to going concern as a KAM In the current economic climate, the ability of an entity to continue in business for the foreseeable future is receiving more attention than ever before. In terms of…
DetailsThe growth of assurance being provided on sustainability and integrated reports has required the auditing profession, through the Independent Regulatory Board for Auditors (IRBA) Sustainability Standing Committee, to consider the value to be achieved through the provision of assurance on those non-financial indicators that have been identified by the client. The Sustainability Assurance Engagement Practice…
DetailsIn recent times, South Africans have been numbed by the sheer staggering numbers of wasteful, fruitless, unauthorised and irregular expenditure. In common definition, this is the type of expenditure that should not be tolerated by citizens whatever technical justifications are attached to their occurrence. The very existence of such expenditure suggests that those that persistently…
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