This year, PwC’s 24th Annual Global CEO Survey polled 5 050 CEOs in 100 countries and territories over January and February 2021. Some of the key findings from the survey are: 41% are ‘very confident’ about their organisation’s prospects for revenue growth over the next 12 months. 51% report they have reduced staff in the…
DetailsFormer president Nelson Mandela once said: ‘Education is the most powerful weapon which you can use to change the world.’ But education takes time –and we must act now to safeguard the future of education. Over the years we’ve seen how, through education, people from the most challenging situations have managed to break out and…
Details‘When nothing is sure, everything is possible.’ This is such a powerful quote from novelist Margaret Drabble. In an article in Psychologies about how to find peace in unpredictable times, the author suggests: ‘Place your hands on your heart, breathe deeply and tune into a dream for yourself, your loved ones, your community and the…
DetailsWhen it comes to addressing South Africa’s scarce-skills shortage, SAICA prides itself on accrediting programmes which enable students access to SAICA’s membership via various qualification routes. The accounting body recently added another point of entry into its diverse offerings when it confirmed that the University of Johannesburg’s (UJ’s) BCom Accounting and BCom Accounting (Extended Programme)…
DetailsBafo Thomas Khanyeza Senior Lecturer at Unisa In this article, the world’s three different categories of anti-corruption strategies (auditing models) are explored, as well as the country’s own anti-corruption strategy, which is underpinned by the Auditing Professions Act of 2005 (APA). It is further investigated how the APA can be used in the public sector…
DetailsANTI-INTIMIDATION IN THE PUBLIC SECTOR In October last year, SAICA focused on ethics and delivered a series of webinars to discuss the ethical challenges currently facing the chartered accountancy and auditing professions and come up with solutions to these challenges During a particular focus on ethics in the Public Sector, SAICA’s Senior Executive for Public…
DetailsLilly MollelAudit Manager, RSM South Africa Over the festive season, I encountered an article on the Innovation Enterprise website written by James Ovenden which, for obvious reasons, caught my attention. Will blockchain render accountants irrelevant? The article discussed the impact blockchain technology will have on the auditing and accounting professions and how this is likely…
DetailsHayley Barker HoogwerfSAICA: Project Director The South African and other global economies have fallen victim to corporate failures that resulted in devastating effects on investors and the public. When such corporate failures do occur, the role of the auditor is often brought under scrutiny; particularly as it relates to the role of the auditor in…
DetailsCORPORATES, DON’T BE CAUGHT OUT BY IFRS 17! Corporates may have contracts that fall within the scope of IFRS 17 and the measurement of insurance contracts and/or structures will be different. Identifying these changes is the first step on the journey of implementation of IFRS 17. There is, however, still time for corporates to catch…
DetailsAgainst the backdrop of the ongoing scrutiny the auditing and accountancy professions are under, SAICA hosted an online discussion about auditors and the public interest, ethics and professional integrity in October 2020. The panel and participants focused on how the future of the profession is linked to the need for it to reinforce the commitment…
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