2016 has certainly started with a huge bang: our currency hitting records lows, political uncertainty, terror attacks and serious conflict among the beautiful people of our homeland. Forecasts worldwide are pointing towards a very challenging 2016. What does it mean for you personally? In what way will it affect your career? What impact will it…
The International Accounting Standards Board (IASB) has issued a new leasing standard which may significantly change current lease accounting for lessees. By Herman Jonker and Helen Wise Leasing activities are important for most entities in South Africa. By entering into leasing activities, entities are able utilise assets without having to take on the risk associated…
This market commentary is intended to provide readers with insight into what happened over the period of review, even though the data may be somewhat dated owing to the timeframe of the publishing process. By Garth Saunders The South African economy was riled by the unexpected decision by President Jacob Zuma to change the Finance…
Editor’s letter What a year has 2016 already turned out to be! Not only are we wondering what happened to the first few weeks of the year, our pockets are also much emptier and we are re-thinking that trip to Europe we planned … With only four weeks of 2016 gone, this promises to be…
Ashika Mohan gives an overview of the auditor’s revised responsibilities under international standards to read and report on other information included in an entity’s annual report, focusing on the continued importance of the auditor’s responsibilities in this area and the main changes The International Standard on Auditing (ISA) 720 (Revised), The Auditor’s Responsibilities Relating to…
Financial statement disclosures continue to expand and are increasingly qualitative and subjective. We examine the IAASB’s recent amendments to the International Auditing Standards (ISAs), which are intended to support a more robust, consistent process of auditing disclosures. By Lindsay Croeser In order to drive improved focus on disclosures throughout the audit process and to clarify…
For many of us, visiting New York City is just an item on our bucket list. Gerinda Jooste visited the Big Apple New York – this is the city where dreams are made; where trends are set; where anything is possible. And where you can expect to see anything (or anyone) walking (very fast) down…
There are so many benefits to having your financial information and reports on hand whenever they are needed, that this shift has been inevitable. Taking your business mobile is no longer just a trend; it is more efficient and more effective; in much the same way that you choose to fly rather than drive to…
Thousands of companies will be making empowerment contributions before the end of February 2016 if this is their financial year-end. This is because contributions will only qualify if they fall within the measurement year which is the financial year of the company. What ‘emergency’ measures can still be taken under each scorecard element before 28…
CFOs driving change The evolving role of the CFO Growing investor confidence The CFO Forum South Africa Corporate Treasury Cost of treasury impacts bottom line CFOs driving change With turbulent times around a volatile global market, being a CFO is definitely no simple undertaking. In business today, a good way to benchmark one’s decisions is…