It is often said that the internal audit function (IAF) is the eyes and ears of the audit committee. What does this exactly mean when we deal with the public sector environment for members of audit committees? Each entity in the public sector sphere must have an internal audit function (IAF) that has primary reporting…
DetailsMariétte Venter was the acting Chief Financial Officer (CFO) of the Capricorn District Municipality in Limpopo in 2016. The municipality was one of many which had invested funds in VBS Mutual Bank while Venter was on maternity leave. Venter recognised several red flags, demanded the money back and was suspended for her efforts. This is…
DetailsWhat does cybersecurity mean for your organisation? And what can your organisation do to protect itself against cybersecurity threats? We are already more than a year into the COVID-19 pandemic, and throughout the pandemic we continued to see a rise in cyber-attacks. In a world where technology is the new way of living, there is…
DetailsIn South Africa’s first World Heritage Site lies a hidden resort nestled in rich forest vegetation just a few steps away from the ocean. Here you can enjoy the tranquillity of Mother Nature’s work around you The iSimangaliso Wetland Park (previously known as the Greater St Lucia Wetlands Park) in KwaZulu-Natal’s Maputaland was declared South…
DetailsWayne van Zijl offers insights into our preferences for certain accounting treatments The development of accountants has come a long way. We have sophisticated degrees designed to provide prospective accountants with the technical and theoretical foundation that they need to understand, interpret and apply IFRS Standards. We also have entrance criteria, exams and training periods…
DetailsThe world of accounting is rapidly changing as South Africa scrambles to regain its status as one of the world leaders in terms of corporate reporting. But the profession has been marred by enormous scandals involving fraud, corruption and unethical behaviour over the past few years, causing mistrust in society for a profession that used…
DetailsWhile women entrepreneurs optimistically face the future in order to succeed, we cannot ignore the uneven challenges presented by the COVID-19 pandemic In considering the impact of the COVID-19 pandemic through the lens of gender, worldwide research indicates that women entrepreneurs appear to have been the hardest hit. A staggering 87% of women business owners…
DetailsStress is a natural response to help us survive, avoid an accident or deliver at our best. But we are meant to rest, regenerate and recover after a period of stress, emulating a natural wave in our energy patterns ‘It’s not stress that kills us, it’s our reaction to it.’ However, it’s not just our…
DetailsThe First Woman plays the role of planting the most critical seed among women: to help reimagine the lens we use to look at ourselves Why do we celebrate when women are appointed to leadership roles? Take the appointment of Tsakani Maluleke as the first woman to head the Auditor-General of South Africa, the story…
DetailsAre training offices prepared to re-evaluate their structure to incorporate the ‘cute and fluffy’, thereby creating a friendlier, more supportive work environment for trainees while ensuring efficient and effective performance? If we talk to trainees in the audit environment, be it in small, medium, or large firms, the environment is often described as unsupportive, hard,…
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