In the arena of private equity there is a strong requirement for reporting and accountability within the companies that have implemented private equity (PE). This is not just due to the fact that PE firms, mostly staffed by CAs, are looking to ensure rigour in the financial aspects of the business – they also monitor…
DetailsAccounting ethics has long demanded that accountants not be influenced by bias. But bias isn’t just about racism, sexism, and all those other -isms. Recent revisions to section 120 of the SAICA Code of Professional Conduct make it clear that we need to avoid cognitive biases too – a much bigger challenge, because we are…
DetailsThe introduction of rules will lead to more ethical and responsible behaviour. Correct? Maybe we should think again about what rules can do, what they cannot do, and if rules are always good. There was a recent incident at Stellenbosch University where the rector was charged with nepotistic behaviour for using his discretionary placement power…
DetailsIf you want to get the most out of your insurance rewards programme, speak to a chartered accountant. While I, a philosophy graduate, was patting myself on the back in February, proudly slurping my hard-earned Kauai peanut butter bomb, my accounting colleagues had already rocketed to Diamond status, were flying overseas for pennies, and basically…
DetailsThe majority of organisations in the modern era understand the importance of risk management and hence make some effort to manage it. The obvious dimensions of organisational risk are financial, legal, operational, information technology, human resources, and marketing risks. These are usually acknowledged and frequently managed in a structured manner. Often overlooked, however, is the…
DetailsWe need to find pragmatic ways of working through our social ills and creating a more desirable society. But how do we do this? Lulama Qabaka of The Ethics Institute has a few suggestions. A man promised his children he would buy them new toys at the end of the month because he knew he…
DetailsDespite the robust Code of Professional Conduct within the accountancy profession locally and internationally, the reputation of the accountancy profession has received backlash over the years with a number of corporate failures and accounting scandals. Some more well-known corporate failures locally include Steinhoff where accounting irregularities were identified by the auditors that resulted in the…
DetailsBrainstorming is a simple and effective tool in problem-solving. It brings together diverse thinking on a chosen topic with the sole purpose of generating a list of possibilities. No idea is rejected and speed of generating ideas is welcomed without the need to consider its merit or practicality. You can learn the skill to facilitate…
DetailsThe integration of AI in auditing processes and financial analysis has undoubtedly brought numerous benefits, but it also raises critical ethical considerations that must be addressed. Ethics has always been at the core of the accounting profession, guiding auditors and accountants to act with integrity, objectivity and independence. With the introduction of AI, these principles…
DetailsNavigating the intricate landscape of trainee management can be challenging. This article highlights effective, science-backed strategies to enhance communication, foster motivation, promote autonomy, and encourage continuous learning. Read on to explore how these approaches can revolutionise your training methods and guide your trainees towards excellence. As a performance coach, I understand that managing trainees can…
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