Under the previous accreditation regime, the Johannesburg Stock Exchange was primarily responsible for assessing the suitability of auditors of listed companies. The responsibility has now largely moved to audit committees. Words: Carla Budricks The Johannesburg Stock Exchange (JSE) auditor accreditation model, under its amended Listings Requirements (LR), imposes additional obligations on audit committees in relation…
DetailsCongratulations to all the candidates who passed Olivier extended SAICA’s congratulations to successful candidates: ‘Well done, ITC candidates. We know how much time and effort goes in to passing the ITC and know that you will hold the same standards of excellence as you progress in your training contract and work towards the final qualifying…
DetailsIn a 2007 meta-analysis, Samuel Hunter, from the University of Oklahoma, and his colleagues set out to understand which variables had the biggest impact on innovation culture. Their comprehensive research study analysed data from 42 different research papers on the drivers of innovation culture and revealed a list of 14 variables that mattered. Many of…
DetailsPetra in Jordan leaves one in awe. The beauty, mystic and scale of this Rose City are hard to comprehend, even by today’s standards. It was built around 2 400 years ago by nomadic Bedouin tribes Today, Petra is part of a Unesco World Heritage Site and one of the Seven New Wonders of the…
DetailsIt’s often said that entrepreneurship is key to ensuring South Africa’s economic growth. I agree. However, I believe this doesn’t just pertain to starting up more companies, but also, very importantly, helping to scale businesses. Words FR (Rhys) Robinson Think about some of the business buzzwords in use today – innovation, disruption, niche players and…
DetailsDonald Pudney is talking about the country famous for its practical inventions – such as the potato peeler and Swiss army knife – and some of the most delicious chocolate. Donald lives in Ebmatingen, which is just on the outskirts of Zurich, Switzerland. Besides spectacular outdoor and sporting opportunities, Switzerland offers a varied landscape of…
DetailsPublic schools are required to draw up their annual financial statements in accordance with guidelines determined by the Member of the Executive Council (MEC) and submit the audited or examined set to the head of department within six months after the end of each financial year. The financial year of a public school commences on…
DetailsWords Monique Verduyn – Photos André van der Merwe Ambitious young graduates often have target lists of companies they’d like to work for and almost all of them have lists of companies they would never work for, no matter what. Four years ago, one of the organisations to steer clear of was the National Youth…
DetailsIn day-to-day operations, most businesses interact directly and indirectly with clients and service providers. Many transactions that take place during this interaction are legitimate transactions, whereas some of these transactions might raise a few questions as to the validity of the source of the money, or even just that the transaction does not make business…
DetailsLegislative changes have been introduced to the Value Added Tax Act 89 of 1991 to clarify the implications for both the lessee and the lessor when the lessee undertakes voluntary or compulsory improvements on leased land for no consideration. Lessee implications A deemed supply is triggered in terms of section 8(29), which deems the lessee…
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