It is vital that the professional accountant be proactive in ensuring that sufficient safeguards are in place ahead of referral fees or commission being paid or received Professional accountants are required to comply with the fundamental principles and apply the conceptual framework set out in the Code of Professional Conduct of the South African Institute…
In an environment where accounting irregularities and auditing failures are in the spotlight, the pressure remains on auditors to enhance communication between them and investors, as well as those charged with governance, and to increase the confidence of the users of the financial statements in the auditor’s reports. A question remains, however, whether the users…
All professional accountants, whether in business or in private practice, must comply with the requirements of the SAICA Code of Professional Conduct of and whenever compliance with the Code is threatened, safeguards are the only way to ensure that the professional accountants ‘meet their responsibility to act in the public interest’ to which the profession…
In society, conventional wisdom holds that it is difficult to lead or negotiate or make demands from a position of perceived weakness. Leaders tend to adopt more of a stern, sometimes tyrannous attitude as a means to be taken seriously. Therefore, people, especially leaders, are expected to never show vulnerability. It now turns out that…
I find it helpful to remember that all of us struggle with decision-making from time to time – even highly successful people. We all make decisions every day. But as you become responsible for more people or projects, your decisions become weightier. It can be difficult to trust that you’re making the best choice. Here…
Just as the Internet and digital records transformed financial markets, there will be a natural integration of blockchains into stock exchanges over the next decade for those that are prepared to embrace the disruptive nature of this technology. READ FULL ARTICLE
Digitalisation is here and it is integrated into every aspect of our personal lives. As business leaders, the key is to embrace the digital world, then integrate it into our existence. Combining human emotional intelligence with artificial intelligence will enhance and streamline work beyond our imagination It sometimes astounds me that we are heading into…
Section 24I(4) of the Income Tax Act was introduced in 2017. Section 24I(4) provides relief on a foreign bad debt, held on capital account, that is written off by a South African taxpayer by reversing previous unrealised exchange gains and losses on the debt written off In terms of section 24I(4) the taxpayer has to…
I asked my 15-year-old son this question: ‘If I could come in and do some training with your teachers, what would be the first thing you would want me to teach them?’ He replied, ‘Teach them how to not shout so much’ ‘How to not shout so much’ sounds like an odd topic for a…
In this article, Athol Williams introduces the important concepts of corporate ethical responsibility (CER) and corporate justice responsibility (CJR) as two of the five corporate responsibilities and argue that this distinction helps address the confusion over companies’ moral responsibilities. READ FULL ARTICLE