The International Standard on Auditing (ISA) 540 (Revised)1 was approved by the International Audit and Assurance Standards Board (IAASB) during their June 2018 meeting and is effective for audits of financial statements beginning on or after 15 December 2019. Read more
DetailsA finance lease is a lease where the lessor is the owner of the asset for the duration of the lease and the lessee has right of use (operating control) of the asset for the duration of the lease. There are specific VAT rules for finance leases. Read more
DetailsSuccess is living your own life on your own terms, true to your own nature, and emotional intelligence (EQ) is knowing who you truly are. While this is tough for most humans, it comes naturally to the birds and the beasts. Read more
DetailsSince its launch, the BMW 2-Series Coupé has stolen many a heart in the two-door compact coupé sector. Read more
DetailsOften, first-year trainee accountants are asked by their seniors or managers to obtain an external confirmation (commonly referred to as a bank confirmation), as the ‘bank and cash’ section is usually their responsibility. But are the basics in relation to obtaining an external confirmation explained to them? In this article, we go back to the…
DetailsYou can partially compensate for the lack of strong alternatives in a negotiation by mentally simulating a realistic but ambitious alternative. Read more
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DetailsSingapore may be a small island in Asia, but despite its size, the country has developed into a global commerce, education, finance, tourism and transport hub over the last 50 years. This is a testimony of what effective leadership can do, and Chris von Elling says it is truly inspirational. (South Africa, take note!). Read…
DetailsAuditor-General Kimi Makwetu has recently lamented that the recommendations his office made to improve accountability and internal controls during the 2016/17 financial year were largely ignored by municipalities. Yet, Nadine Kater, General Manager of Accounting Technicians South Africa AT(SA), believes Makwetu’s advice could prove to be ‘a reactive approach that may only solve the problem…
DetailsTo say chartered accountants (CAs(SA)) have a lot to focus on is an understatement. Those running their own practices are more keenly aware than most of the finite supply and seemingly infinite value of time. For some, focusing on the day-to-day priorities of dealing with the urgent demands on their time has blinded them to…
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