The concept of materiality is one of the most fundamental and significant concepts within the financial and corporate reporting ecosystem. ‘Materiality’ can be defined and rationalised in numerous ways, but the following encompasses the essence of the concept: Materiality is a concept or convention within auditing and accounting relating to the importance/significance of an amount,…
DetailsDirect marketing to existing customers of the marketer can continue as regulated under the CPA. Once the POPIA deadline for compliance is reached, non-customers may only be approached once for consent. Colin Victor explains. Two primary pieces of legislation regulate direct marketing activities, namely the Consumer Protection Act 68 of 2008 (CPA) and the Protection…
DetailsThe issues the MIB groups focus on are tabled and addressed from an auditor, preparer and regulatory perspective. SAICA has a broad membership base, with members taking up key roles in different industries and at differing levels of seniority. To ensure that we cater to our members’ needs, we run interest groups for our members.…
DetailsLeading in times of uncertainty Today, uncertainty is everywhere. We have all heard anecdotes about some of the world’s most valuable companies … the world’s largest taxi company, Uber, owns no cars, the world’s largest accommodation provider, Airbnb, owns no property, and so on. But even for them, times are uncertain. Because people did not…
DetailsCompassion fatigue is when someone in a helping role begins to experience burnout from the “burdens” of being the helper or hearing about traumatic events. During the current Covid-19 pandemic, trauma and stress has been taking its toll. In order to help others, it is critically important that we take care of ourselves first. If…
DetailsThe art of inspiring hope What a year! And what has it taught us? For many, it was a year of losses and fear, but it has also taught us to be grateful. We have also been inspired by the stories of resilience − how many have found ways to impact and inspire others despite…
Details‘There comes a time when silence is betrayal,’ Martin Luther King Jr once said. Kimi Makwetu’s life was lived as a loud voice for things that mattered for the people of our country, especially those who live on the margin. I met Kimi in the trenches of student politics in the 1980s. Driven by a…
DetailsSAICA’s CPD compliance declarations need to be completed by 31 January 2021 As per the CPD Policy, all members (whether they are professionally active or not) are required to complete an annual declaration. Declare your CPD compliance now by clicking here. What does the declaration entail? According to the new policy, all members and…
DetailsAccording to SAICA’s new CPD policy which came into effect on 1 January 2020, all SAICA members need to complete a CPD declaration annually. In the past, exemptions were granted in respect of the CPD policy, but as has been communicated, there is no process for formally granting exemptions under the new policy. Given the…
DetailsAround the world, chartered accountants are respected and sought after for their business acumen. For as long as global economies are powered by sophisticated fiscal systems, CAs(SA) will remain an indispensable part of business due to their rigorous training. However, it is crucial for chartered accountants worldwide to stay relevant in a world increasingly driven…
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