“The ITC assesses the core technical competence of prospective CA(SA)s at a standard set by SAICA and is not the final requirement for qualifying as a CA(SA).” The newly introduced June ITC sitting doubles the number of successful African repeat candidates. The Initial Test of Competence (ITC), previously known as Part I of the Qualifying…
“For instance, where members have choice of investments and flexi benefits, they often make inappropriate investment choices.” Poor communications and lack of advice can impoverish retirees Even the most sophisticated retirement planning strategy can have its Achilles heel – and this is usually poor communication. Take the following illustration: Professor Shlomo Bernatzi (UCLA), a leading…
“For the most part, a good hospital plan will serve you fine. That’s your biggest worry generally: “What if I’m in a car accident, have a heart-attack, etc.”” Why comprehensive medical cover may be overkill … While we’re on the topic of reducing ‘unnecessary’ expenditure, I thought I’d tackle the concept of medical cover. Before…
Digital record keeping and data analysis can effectively combat fraud in the workplace The perception of a corrupt business environment in Africa has long been seen as a barrier to those wanting to trade on the continent. But as business opportunities start to boom, especially across sub-Saharan Africa, local businesses, newly entered multinationals and governments…
International Financial Reporting Standards (IFRS) are designed to create a single set of high-quality financial reporting standards. This initiative is intended to provide a central source of information that permits interested parties to chart jurisdictional progress towards the achievement of that goal. The graphic uses lights to show the progress globally. Country Status Version Canada…
“Certain fraud risks are at times identified when performing risk assessments as operational, business continuity or compliance risks.” Prevention is cheaper than cure – get risk and mergers and acquisitions assessed by forensic practitioners The tasks undertaken by a forensics practitioner have evolved tremendously in the past decade, from merely analysing evidence after an illegal…
“Your business may have simply outgrown its existing software, or as the business grows you may have more employees working across a range of different areas and departments.” ERP enables growing businesses to re-focus, automate processes and reduce costs Enterprise resource planning (ERP) solutions are software products developed to improve and automate the flow of…
“In all cases, the real estate owner will need to file with SARS an annual tax return for each period of 12 months, ending on the last day of February in each year.” Meticulous paper work and the right legal is required to meet tax requirements Many non-resident private individuals (and entities) have acquired real…
“Our national budget process, for example, ranked second out of 100 countries for its transparency and openness earlier this year.” In the end, corruption does bring down those who turned a blind eye South Africa, at its best, aims high. We have some remarkably advanced corporate governance standards, especially for an emerging market at the…
“Today, I’m conscious of my public persona and as a result have adopted strong personal values, principles and views as so many eyes are on me.” South Africa’s first black female CA(SA) trail-blazes the road to transformation If ever a person had a pioneering role thrust upon her, it is South Africa’s first black female…