On 20 April 2017, the International Auditing and Assurance Standards Board (IAASB) issued the Exposure Draft: Proposed ISA 540 (Revised), Auditing Accounting Estimates and Related Disclosures (ED), for comment until 1 August 2017. This is an overview of the proposed changes WHY IS THE ISA BEING REVISED? The main reasons provided by the IAASB in…
DetailsThe Modified Flow-through Principle is a special provision in statement 100 paragraph 3.4.3.1 of the B-BBEE codes that reads: ‘Where in the chain of Ownership, Black People have a flow-through level of participation of at least 51%, and then only once in the entire ownership structure of the Measured Entity, such Black participation may be…
DetailsWho says numbers are all cold logic and music all emotion? That’s nonsense, says Lesego Sennelo CA(SA), who appreciates the richness of both Live from the inside out. That’s Lesego Sennelo’s mantra. It’s by rooting yourself in love, and then choosing to live out love through your words and actions, she says, that moment-by-moment, day-by-day,…
DetailsUncertainty is a Certainty Don’t just do something, stand there! Income is not wealth Regulating Crowdfunding in South Africa Uncertainty is a Certainty Just 88 days into the New Year President Jacob Zuma announced a major cabinet reshuffle, prompting a surprisingly quick downgrade from ratings agency S&P Global Ratings (S&P). In one week the rand…
DetailsThis is part three of a three-part series on integrated reporting. In the first article, we tracked trends and improvements that we have seen over the first six years since the introduction of integrated reporting in South Africa. In the second article, we looked at developments in the business model and the capitals. In this,…
DetailsFrom geopolitical events to market returns, asset classes and investment styles, what investors should be looking at in 2017 Modern trends in technology are impacting every sphere of business activity, not least of them, accountancy. Conversational user interfaces are creating the new invisible era for accounting, the Internet of Things represents the prospect of real-time…
DetailsIn accordance with paragraph 3.59(a) of the Listings Requirements of the JSE Limited, shareholders are hereby advised that, having followed a robust recruitment process in evaluating external and internal candidates, the Chairman, the Human Capital Committee and the Board are pleased to announce the appointment of Felix Lombard as the new CFO of Pioneer Foods.…
DetailsZizipho Nyanga has been at the helm of Old Mutual‘s Masisizane Fund for six months after taking over the role of CEO in October 2016. She was recently welcomed by Old Mutual who held an event to introduce her to its beneficiaries and team members. Nyanga hails from Mthatha in the Eastern Cape, a former…
DetailsPhumeza Nhantsi has been appointed as Chief Financial Officer of South African Airways (SAA). “South African Airways has announced the appointment of Phumeza Nhantsi as SAA’s new Chief Financial Officer (CFO). The appointment is effective from 1 May 2017,” SAA said on Wednesday. The 39-year-old Nhantsi was appointed as SAA’s Interim CFO in November 2015…
DetailsDis-Chem Pharmacies Limited board of directors advised that Mr Mahomed Gani has, with effect from 3 May 2017, been appointed as an Independent Non-Executive Director of the Company. He will be a member of the Audit and Risk Committee as well as the Remuneration and Nomination Committee. Mr Gani is a Chartered Accountant with over…
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