South Africa has long been a leader on the African continent and is listed second on the African continent, after Mauritius, on the Global Competitiveness Index 4.0 2018 Rankings. To maintain this position and improve our global ranking of 67th, we need to be innovative in the way we operate.[1] One of the ways of…
Conditions of Entry The Top 35-under-35 awards are open to all Chartered Accountants (SA) who are 35 years old or younger, as at 31 December 2019. You have to be a registered member in good standing of SAICA with no past of pending judgements against you. All entries must be accompanied by an introduction video…
Debunking the whole ‘Blue Monday’ theory, after studying over 30 million anonymised projects and tasks generated through its software, Redbooth discovered that Monday is indeed one of the best days to get the most done. Their data revealed that employees completed the most work tasks at the beginning of the week (Monday, followed by Tuesday).…
China’s economy last year grew at the slowest pace since 1990. Its economy, which contributes about a third of global growth, is on a long-term slowing trajectory as it shifts from the investment-led model of the past while carrying a heavy debt load. However, China’s increase in output was still more than all the goods…
The world’s billionaires are growing $2,5 billion richer every day, while the poorest half of the global population is seeing its net worth decline, reports CNN. Billionaires, who now number a record 2 208, have more wealth than ever before, according to a recent Oxfam International report. Since the global financial crisis a decade ago,…
Beyond the classic model of Porter’s Five Forces, social expectations and environmental pressures are mounting on today’s businesses. Thankfully, tools exist to help businesses understand and improve their extra-financial performance. Today’s businesses find themselves having to constantly adjust to new expectations from an increasingly informed consumer base, to changing laws around how they must interact…
On 15 November 2018 the International Auditing and Assurance Standards Board (IAASB) issued the exposure draft of proposed ISRS 4400 (Revised), Agreed-Upon Procedures Engagements (ED-4400), for public comment by 15 March 2019. The project to revise ISRS 4400 was started seeing that the standard had been developed more than 20 years ago and the growing…
XBRL stands for eXtensible Business Reporting Language, which essentially is a global web-based computer language designed for business reporting. It is being adopted by regulatory bodies around the world and South Africa is following suit, starting with the Companies and Intellectual Property Commission of South Africa (CIPC).
Technology has advanced rapidly over the last few decades, particularly with regard to artificial intelligence (AI). This advancement has professionals across disciplines fearing the unknown and more specifically, questioning their role after the implementation of these new technologies. The chartered accountancy profession is no exception.
What are cryptocurrencies? According to the South African Reserve Bank (SARB): Cryptocurrencies (that is, decentralised convertible virtual currencies) are a sub-set of virtual currency. Bitcoin, Litecoin and Ripple are examples of cryptocurrencies. Legal tender are notes and coins issued by a bank. Although not legal tender, cryptocurrencies are exchangeable for legal tender and may be…