December 2023 Issue

CELEBRATING A YEAR OF SUCCESS As we approach the end of 2023, it’s a time to reflect, celebrate, and acknowledge the remarkable journey we have embarked upon together. This year has been nothing short of extraordinary for SAICA and the CA(SA) designation, as we have achieved several key milestones that have reinforced our global standing…

Cover Story: Top 35-under-35 2023 overall winner – Senzo Ndlangamandla CA(SA), RA

Head of the Department of Accounting Sciences at Walter Sisulu University and Managing Director at SnB Chartered Accountants and Auditors A visionary leader igniting excellence in accounting and beyond In the ever-evolving landscape of chartered accountancy, individuals who not only excel in their field but also demonstrate visionary leadership are rare gems. Senzo Ndlangamandla CA(SA),…

Feature: Fostering future innovators

By teaching students the principles of entrepreneurship, they are empowered to become more innovative, creative, and problem-solving individuals who can contribute significantly to the economy and society. This article explores the importance of teaching entrepreneurship in schools and the steps required to implement it as a subject. In a rapidly changing world, traditional education models…

Advice: Accounting for employee share ownership plans

Employee share ownership plans (ESOPs) have become increasingly common for multinational, listed and unlisted companies operating in South Africa as a way to attract, retain and reward their employees. ESOPs can also be effective mechanisms to drive companies’ broad-based black economic empowerment (BEE) strategies and to align stakeholder and employee values. Accounting for these complex…

Recommend: The property practitioners’ landscape

As an auditor of property practitioners’ trust accounts, are you aware of the new developments following the illustrative reports recently published by IRBA in March 2023 and the coming into effect of the Property Practitioners Act in February 2022? AUDIT OR INDEPENDENT REVIEW OF FINANCIAL STATEMENTS All business property practitioners with an annual revenue of…

Recommend: The IASB’s effort to improve communication in financial statements

As an academic, I have the unique opportunity to survey and interview expert practitioners from different roles, contexts, and levels of experience. Recently, I interviewed preparers and users of small and medium-sized JSE-listed entities. There was an overwhelming feeling that IFRS financial statements were unnecessarily complex, overly lengthy and of limited use, with users placing…