On 24 February 2023, the Financial Action Task Force (FATF) took the decision to include South Africa on its ‘grey list’, thereby classifying it as a jurisdiction under increased monitoring. This greater scrutiny has a ripple effect on registration, banking, auditing and reporting requirements. It is critical that board members of non-profits be aware of…
The world of accounting is undergoing a monumental shift, with technology and globalisation reshaping the profession. Professor Frans Prinsloo is redesigning teaching models to champion ethical grounding, real-world problem-solving, and a continuous thirst for knowledge. The world of accountancy is changing rapidly, driven by advances in technology and globalisation. To succeed in this new environment,…
Digital innovation offers unique insights throughout the audit process, enabling auditors to offer increased value and efficiency in a demanding economy. The second 2023 SAICA Audit Reform Webcast held on 18 August and chaired by SAICA Executive for Audit and Assurance Thandokuhle Myoli explored the significant impact of digital technology on the audit profession, both…
Patrick Kubai brings a unique perspective to the profession, emphasising the importance of ethics, continuous learning and well-being. This profile article delves into Patrick’s journey, shedding light on his insights about the accounting profession, its challenges and opportunities, and the evolving landscape. CAs(SA) with diverse experience are highly valuable. Career experience across different sectors is…
Fraud has been in the news a lot recently … Between the fallen unicorn Theranos and the collapse of FTX, we seem to be surrounded by large-scale scandals. But fraud isn’t limited to multi-million-dollar enterprises. It’s pretty insidious − even in smaller businesses. So, it’s critical that you know what the tell-tale signs are. We…
Digital transformation is not a distant future but a present reality. The accountancy profession is at a crossroads, calling for professionals to embrace change and foster innovation. Accountants are encouraged to leverage tools such as AI, Web3 and emerging technologies like blockchain to navigate this new era. MONICA SINGER CA(SA)Blockchain Evangelist for ConsenSys Artificial intelligence:…
Throughout my career, I’ve witnessed the profound transformation of the finance landscape, and the days of being mere bean counters are long gone. Today, as finance professionals, we hold pivotal roles as advisors across the business spectrum. As we navigate this ongoing evolution, one skill stands out as paramount: storytelling. Kevin Phillips CA(SA)CEO of IDU…
Leon sat deflated and demotivated in yet another waiting area to be interviewed for another job he knew he wouldn’t get. ‘What am I doing wrong’ runs through Leon’s mind. This is the tenth job Leon won’t get. . Wayne van Zijl CA(SA) Associate Professor at School of Accountancy WITS Red, Leon’s interviewer, took one…
Recently, I found myself pausing, finger hovering over LinkedIn’s ‘Post’ button. Posting to social media was a task I used to enjoy but now felt like a hurdle. Can you relate? Have you recently hesitated or second-guessed over something that used to come quickly? Usha Maharaj CA(SA)Passionate about women empowerment and human potential This seemingly…
The global Islamic finance industry was estimated to be worth $2,5 trillion in 2018 and is forecasted to reach $3,5 trillion by 2024. This robust growth is attributed not only to a growing potential target market across the globe but also to an audience that has developed a deeper appreciation for financial services that resonate…