Here are my fintech predictions for 2019 based on what we are seeing with our members at AlphaCode, which closely tracks international trends in this space. DIGITAL BANKSThe introduction of TymeBank, BankZero and Discovery Bank will no doubt shake up the industry and give customers greater choice. It will also force the incumbent banks to…
Even the auditing profession with its stringent independence and ethical requirements taught as part of the curriculum at university is now being dragged into the debacle. Earlier this year, the Independent Regulatory Board for Auditors (IRBA), exposed several auditors who were accused of consistently contravening its professional standards and the law.
These days everything is going digital − so much so that research by the University of Oxford said accountants have a 95% chance of losing their jobs by 2030 as machines take over the number crunching and data analysis. Photos: Theana Breugem Paige dos Santos, however, is unlikely to be a statistic. The CA(SA) and…
On behalf of Chartered Accountants Worldwide (CAW), Edelman Intelligence surveyed over one thousand business leaders and key decision-makers across the UK, Ireland, South Africa, Australia and New Zealand to measure their trust in chartered accountants, the accountancy sector and business as a whole. In South Africa 250 respondents were interviewed. In an era where trust…
Artificial intelligence is no longer the stuff of science fiction and Hollywood movies. Paige dos Santos says that far from being a cause for concern, digital technology is a new avenue for accountants and the profession. These days everything is going digital − so much so that research by the University of Oxford said accountants…
Working from home can cut you off from spontaneous interactions that can spark new insights. And, at times, the solitude may lead to isolation or the feeling that you’re left out at work. How can you combat loneliness and create positive relationships with colleagues when you work from home full-time? Read the full article here.
Naspers-backed cryptocurrency exchange Luno is predicting institutions to start testing the digital money market in 2019 despite the sell-off of bitcoin and other flagship coins over the past 13 months. According to data from Luno’s South African exchange, the price of bitcoin slumped from a high of R264 825 in December 2017 to R52 582…
Technological disruption is so radically transforming industries across the spectrum that it is referred to as the ‘Fourth Industrial Revolution’. At the forefront of this global revolution are chartered accountants like Frans Hiemstra, head of partner channels at Uber. While almost every industry, from finance to farming, is impacted, Uber stands out as one of…
According to Bloomberg, scientist He Jiankui, who altered the genes of twin baby girls as embryos, is in serious trouble with the Chinese government for breaching laws and ethics. Besides his work leading to a second pregnancy created with a gene-edited embryo in a volunteer, he is reported to have ‘seriously violated ethics and scientific…
The will and dedication of most people working in organisations will ensure a mindset that values professional scepticism, as a key audit criterion, over commercial considerations alone. Read the full article here.