A record number of candidates sat for SAICA’s Assessment of Professional Competence (APC) in November 2015 (2 709 candidates compared to 2050 in 2014). Karin Iten analyses the results In March 2016, SAICA announced that 88% of APC candidates (2 396) had passed this final qualifying assessment, and recognised three key achievements that came out of the…
DetailsOne of the most famous quotes is from a speech of the late uTata Mandela at the Rivonia Trial when he said: ‘I have cherished the ideal of a democratic and free society in which all persons will live together in harmony and with equal opportunities. It is an ideal for which I hope to…
DetailsTime is fixed; 20 minutes is 20 minutes. But when it comes to speaking, a 20-minute talk may seem longer or shorter from the perspective of the audience. This is referred to as the ‘Oddball Effect’, which causes the brain to be tricked by the perception of time. HOW WE PERCEIVE TIME When something unusual…
DetailsThrough all the noise we sometimes just need some quiet time to truly reflect on the trepidations on our minds. Pieter Faber discusses the principles underpinning the implementation of the retirement reforms in the 2015 Tax Amendment Acts T ax proposals are regularly controversial, though usually the indignation and protest are limited to those in…
DetailsSAICA members, associates and trainees can look forward to the introduction of a new, restructured Code of Professional Conduct by the end of 2017. Among other things, the code will use simple and shorter sentences and will be easier to navigate. By Juanita Steenekamp SAICA has adopted the International Ethics Standards Board for Accountants’ (IESBA)…
DetailsIn today’s society, many women choose to retain their careers after becoming a mother, which can present a challenge for some mothers when it comes to balancing their work and home life responsibilities. As many household and caregiving duties are still mainly considered to be a ‘woman’s job’, it can become overwhelming for working mothers…
DetailsEditor’s letter First impressions The first time you meet a business acquaintance – it could be your new manager, a recent addition to your team, or a potential client. The moment that stranger sees you, his or her brain makes some computations. And these are made at lightning speed – you are making major decisions…
DetailsThe Accounting Standards Board issued a proposed Interpretation of the Standards of GRAP (IGRAP) on Recognition and Derecognition of Land (ED 139) for comment during December 2015. The comment deadline for ED 139 is 15 June 2016. By Amanda Botha The proposed IGRAP on Recognition and Derecognition of Land (ED 139) notes that ‘various laws…
DetailsTwo CAs(SA) financed their start-up business, InnoVent, on the strength of a projected break-even within three months. Nine months later they made their first sale, surviving in the interim only by ‘robbing Peter to pay Paul’. By Eamonn Ryan Thirteen years ago, DJ Kumbula CA(SA) and Zakhe Khuzwayo CA(SA) came together with one desk, two…
DetailsNational Treasury announced further changes to the retirement reform on 18 February 2015 shortly before the effective date of 1 March 2016. These changes provide for the postponement of the annuitisation requirement for provident funds for two years, until 1 March 2018. WITHDRAWAL Should a member resign from employment, they can still access their entire…
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