By providing independent oversight and monitoring of the financial reporting process, audit committees can help to identify and mitigate potential areas of risk, prevent financial irregularities or misconduct and decrease the likelihood of corporate failures. As established in the article by Carla Budricks titled ‘Comprehensive regulation of the financial reporting ecosystem’ in the June issue…
Africa’s family businesses need to transform to secure their legacy, and building trust is key to this. Approximately half of Africa’s family-owned businesses believe their customers do not trust them. This key finding from PwC Africa’s Family Business Survey 2023 should be viewed as a notable concern for the continent’s family businesses, many of which…
Tips for protecting your career. Imagine yourself performing excellently at work, and your bosses are extremely pleased with your results. They are so delighted that they asked you to take the lead. You are thrilled because this shows that your career is on track, and you are advancing in your field. Everyone is aware that…
It is important to be aware of the changes taking place around ESG reporting. The USA and UK are currently working on laws for sound ESG reporting and governance, and various standard-setting bodies are also working on reporting frameworks to assist with the burden of environmental, social and governance (ESG) reporting. ESG LANDSCAPE CHANGES Although…
Meet the people behind SAICA’s Sustainability Technical Committee The objective of SAICA’s Sustainability Technical Committee (STC) is to support the organisation in responding to various current and emerging sustainability aspects as it relates to members and other stakeholders. This includes advocacy, thought leadership, guidance, and stakeholder engagement. Focus areas include reporting and disclosure, with specific…
With the price of life continuing to bully its way beyond the average household’s income, it is no surprise that more South Africans feel forced to spend more than they earn. The latest Momentum Consumer Financial Vulnerability Index (CFVI) revealed that South Africans were more financially vulnerable in Q4 2022 than they were in Q3…
A first look at a digital footprint and protection against cyber-attacks – When we look around the world we live in, so much has changed from the times we were born into and the times we live in now. Technology has changed the way we live, the way we do business, and the way we…
The first Comrades marathon was run in 1921 by Vic Clapham (a WW1 veteran) and 34 other runners, who initiated it as a reunion. Clapham wanted to commemorate those who had fallen in the war by the ultimate testing of body and mind. Today, many run the marathon to support different causes all over the…
Accounting and Financial Advisory raising sights Accounting and Financial Advisory (AFA), an SMP based in Rosebank, is one of the major players in South African accountancy. Its directors, Sumendra Naidoo and Shaun Govender, place a premium on relationships and high-quality employees. Sumendra Naidoo and Shaun Govender, the incumbent directors at Accounting and Financial Advisory (AFA),…
Mava Shude CA(SA), the CFO of Langeberg Municipality, has had a remarkable journey. His story showcases the transformative power of seizing unexpected opportunities. From attending a SAICA camp to becoming a distinguished chartered accountant, Shude has embraced his role in the public sector with passion and determination. But he did not choose to become a…