In March 2022, the Organisation for Economic Co-operation and Development (OECD) released guidance on its 15% global minimum tax proposed as the second ‘pillar’ of a project to address the tax challenges arising from the globalisation of the economy specifically as it relates to the impact on the way of working, referred to as the…
DetailsGood governance in public schools is essential to ensure that learners receive quality education and that the school operates effectively and efficiently. It ensures that schools are accountable, transparent, and effective in promoting learners’ achievement and success. In terms of section 23(1) of the South African Schools Act (SASA), the membership of a governing body…
DetailsA common response to factual insolvency is for a parent company or fellow-subsidiary to provide a so-called ‘letter of comfort’, also known as a ‘letter of support’. The value and benefit of such letters to an auditor (and indeed to the company itself and to its creditors) depend on the specific wording thereof, and in…
DetailsIn essence, sustainability reporting enables organisations to disclose the environmental, social and governance (ESG) impacts of their activities and the strategies thereon. Sustainability reporting is a relatively new topic in the public sector environment. The Global Reporting Initiative Standards (GRI Standards) describe the objective of sustainability reporting as ‘to provide transparency on how an organisation…
DetailsAccountants can be key players in the drive to secure the affordable, reliable, and sustainable energy that is desperately needed in the country. South Africa’s persistent blackouts demand that we mobilise all available resources and incentives to boost energy security. To win, we have no option but to throw the kitchen sink at the energy…
DetailsWe live in an era in which it is possible to ask an artificial intelligence (AI) chatbot just about anything. The emergence of AI and other digital solutions means that the role of people – particularly accountants – is uncertain. While many would say that people will be replaced entirely by machines, I firmly believe…
DetailsAccountants can be key players in the drive to secure the affordable, reliable, and sustainable energy that is desperately needed in the country. South Africa’s persistent blackouts demand that we mobilise all available resources and incentives to boost energy security. To win, we have no option but to throw the kitchen sink at the energy…
DetailsWhen President Cyril Ramaphosa declared and proclaimed the provision of energy as a national disaster in his State of the Nation address, he also requested that the Auditor-General of South Africa (AGSA) monitor the expenditure of the funds allocated to this disaster. We welcome this call by government to provide real-time independent assurance on public…
DetailsThe Companies and Intellectual Property Commission’s (CIPC) Corporate Compliance and Disclosure Regulation unit, as part of its functions per section 187(3) of the Companies Act 71 of 2008, covered various areas of enforcement during the past few months. These included qualitative reviews of annual financial statements submitted in iXBRL and proactive monitoring and enforcement of…
DetailsImagine having an office in the heart of the equatorial rainforest, surrounded by endless trees and incredibly rich biodiversity, including thousands of western lowland gorillas, chimpanzees, forest elephants, buffaloes, leopards, birds and butterflies. For Elza Gillman CA(SA) and Anneke Lombard CA(SA), it’s all in an exciting day’s work. Elza Gillman and Anneke Lombard became involved…
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