International Financial Reporting Standards (IFRS) are designed to create a single set of high-quality financial reporting standards. This initiative is intended to provide a central source of information that permits interested parties to chart jurisdictional progress towards the achievement of that goal. The graphic uses lights to show the progress globally. Country Status Version Canada…
Details“Certain fraud risks are at times identified when performing risk assessments as operational, business continuity or compliance risks.” Prevention is cheaper than cure – get risk and mergers and acquisitions assessed by forensic practitioners The tasks undertaken by a forensics practitioner have evolved tremendously in the past decade, from merely analysing evidence after an illegal…
DetailsIt may not be the most visible asset but like the gift that keeps on giving, it is the one that offers the greatest returns. We invest willingly in establishing our own physical and intellectual capacity – yet thereafter few of us take adequate precautions to protect our income earning capacity. Few professionals would fail…
Details“Your business may have simply outgrown its existing software, or as the business grows you may have more employees working across a range of different areas and departments.” ERP enables growing businesses to re-focus, automate processes and reduce costs Enterprise resource planning (ERP) solutions are software products developed to improve and automate the flow of…
DetailsThe World Intellectual Property Organisation (WIPO) published a list of the Top 20 countries according to patent applications and patent grants. South Africa ranks 16th among the countries for patents granted, with 5 296 patents granted in 2012. Patents are granted according to the applicant’s country of origin. For example, if a South African applicant…
Details“In all cases, the real estate owner will need to file with SARS an annual tax return for each period of 12 months, ending on the last day of February in each year.” Meticulous paper work and the right legal is required to meet tax requirements Many non-resident private individuals (and entities) have acquired real…
Details“Today, I’m conscious of my public persona and as a result have adopted strong personal values, principles and views as so many eyes are on me.” South Africa’s first black female CA(SA) trail-blazes the road to transformation If ever a person had a pioneering role thrust upon her, it is South Africa’s first black female…
Details“Our national budget process, for example, ranked second out of 100 countries for its transparency and openness earlier this year.” In the end, corruption does bring down those who turned a blind eye South Africa, at its best, aims high. We have some remarkably advanced corporate governance standards, especially for an emerging market at the…
Details“The incorrect classification of a company may affect a range of provisions such as audit requirements, audit committee requirements, number of directors required” In terms of the new Companies Act, your private company may be a public company. In order for companies to ensure compliance with all relevant provisions of the Companies Act, it is…
DetailsI recently read an article about Jeremy Stoppelman (the founder of Yelp) and how he succeeded by doing things his way. Stoppelman also features prominently on this year’s Fortune list of top 40 young business stars. When Stoppelman was applying to Harvard Business School in 2003, he asked his boss at PayPal, Elon Musk, to…
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