PART 1: EMERGING FORMS OF EXTERNAL REPORTING On 16 August 2016 the International Auditing and Assurance Standards Board (IAASB issued the discussion paper (DP) Supporting Credibility and Trust in Emerging Forms of External Reporting:1 Ten Key Challenges for Assurance Engagements,2 which has been prepared by the IAASB’s Integrated Reporting Working Group (IRWG) for comment by…
DetailsPART 2: EMERGING FORMS OF EXTERNAL REPORTING (EER) The board of directors of a company drive the company’s external report content. Without legislative requirements, they can steer decisions on what type of assurance, if any, is required on the information reported. By Ciara Craul Reintjes Integrated reporting, a subset of emerging forms of external reporting…
DetailsContinuous improvement in audit quality is a priority for the Independent Regulatory Board for Auditors (IRBA) and it believes that audit quality indicators (AQIs) could be a valuable tool to increase transparency in the financial reporting value chain. By Sadhir Issirinarain The Independent Regulatory Board for Auditors (IRBA), which is the regulatory body for auditors…
DetailsGina & Ila Nosipho & Pumla Chantyl & Veryl It is said that a person in a healthy environment and with healthy relationships flourishes and a person in a bad environment withers like an unwatered flower. And the more ambitious you are, the more important it is for you to try and create the right…
DetailsCAPITAL GAINS TAX IMPLICATIONS Amendments have been introduced to the Income Tax Act to clarify the capital gains tax implications arising in employee share incentive trusts. The non-disposal rule contained in paragraph 11(2)(j) of the Eighth Schedule that dealt with equity instruments contemplated in section 8C that had not yet vested is deleted from 1…
DetailsAs we approach the festive season, most people begin their holiday spending. These expenditures usually include luxury and unusual costs such as catering for family gatherings, travel, accommodation, entertainment and gifts. Additional expenses are usually not planned for during the course of the year and most people’s budgets tend to be under a lot of…
DetailsWe are our own worst enemy when it comes to investing. We are becoming more familiar with certain investment themes. The greatest destroyer of wealth is inflation. If it’s too good to be true, it usually is. Plan for a low-return environment and to live longer. There’s room for passive and active managers. High fees…
DetailsThe past three months have probably taught me more about myself than the previous twenty years together. Being a professional coach, I’m pretty aware of internal and external changes because clients continuously force me to reflect. Despite that, the past few months still took me by surprise. In July we were blessed with an opportunity…
DetailsThe field of behavioural economics studies the effects of psychological, social, cognitive, and emotional factors on the economic decisions of individuals. It affects many areas of our lives and we can learn a lot from findings in this field that could help us to become better leaders. According to new research from the Behavioural Insights…
DetailsLeaders with integrity With all the political turmoil happening locally and internationally the need for ethical leadership with integrity has never been greater. Why is integrity important in leadership? I read an article by Brian Tracy that was published on realsuccess.net where he wrote about this very same topic. He said that in an executive…
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