On this day 40 years ago, the provincial councils of the erstwhile Transvaal, the Cape, Natal and Free State, in a joint meeting, dissolved the National Council (formerly the Joint Council of the Chartered Societies) and the South African Institute of Chartered Accountants (SAICA) was established. Today, 12 February 2020, therefore marks 40 years of…
DetailsCongratulations, Ashanika Perimal CA(SA), for winning the Women in Finance of the Year award at the annual The Future of Finance and CFO Summit in London. The award celebrates an individual who are dedicated to being a driving force for superior performance in the world of finance. We celebrate this wonderful achievement with you! From…
DetailsMake 2020 your year of abundance With every new year there are opportunities to do things differently and start afresh. This year is no exception, and the 11 months ahead offer a myriad of opportunities. Regardless of what your resolutions for the year may be, it is an chance to start over, with new goals…
Details‘Since 1927, when the founders of Volvo Cars decided to focus on safety as one of the core values of the company, we have been a leader in the field. That will never change. What will change is the breadth of technologies we employ to improve your driving experience and safety,’ Volvo says on their…
DetailsWhen you enter the gates at Zimbali on your way to the Fairmont Zimbali Resort it feels like everything slows down and you enter a world a lifetime away from the bustling beaches the the KwaZulu-Nalat North Coast is famous for. The Fairmond Zimbali Resort is a destination in itself, where guests return again and…
DetailsSan Francisco is a city you will fall in love with – from the moment you leave the airport right to the driving across the magnificent Golden Gate Bridge that is famously set in movies. Staying at the Sir Francis Drake Hotel will make your San Francisco experience so much more memorable, because it’s a…
DetailsThe 2019 financial year requires an entity that uses International Financial Reporting Standards (IFRS) to account for its lease transactions using the new standard IFRS 16, Leases. Words: Milton Segal From a financial theory perspective, the concept of leasing makes economic sense. When an entity requires the use of an asset or a resource to…
DetailsAuditors recognise the importance of exercising an appropriate level of professional scepticism during the performance of an audit but get stuck on how to practically demonstrate that this has been achieved. This article provides an overview of the provisions included in ISA 540 (Revised) relating to the practical application of professional scepticism when auditing accounting…
DetailsAccessing data to deliver the insights required for effective decision-making is a fundamental business skill in the digital age. Underpinning this is a corporate reporting strategy that links the information needs of an organisation with the data and the calculations to measure success. In the age of business intelligence (BI) and advanced analytics, the technology…
DetailsLooking back over the past five editions of the IRMSA report, it is disappointing to see that so many risks have materialised. Disappointing because, first, the South Africa and Industry risk profiles have remained largely the same and most of them materialised over this period − so the risks were well known and yet the…
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