The accounting profession is currently facing significant pressure both locally and internationally, mainly due to corporate failures, alleged governance failures and alleged audit failures, all of which have had a paramount impact on the economy. In a panel discussion earlier this year, which was hosted by Milton Segal CA(SA), SAICA’s senior executive for corporate reporting…
The former spokesperson and CEO of the Government Communication and Information System (GCIS), Themba Maseko, is part of the list of whistleblowers who came forward to expose the misdeeds of state capture. Themba Maseko, Former CEO of the Government Communication and Information System (GCIS) Themba is one of the few who accepted his responsibility, had…
This is the first in a series of articles exploring XBRL. Our next article will consider how XBRL was developed and the wider advantages and disadvantages of XBRL as a financial reporting tool 10 November was the day when accountants around the world were honoured for the invaluable role they play in the world of…
With an acceleration of the global net-zero journey, there is increasing focus on developing countries and their lack of affordability to meet such net-zero targets. A clear contrast is evident when considering Africa; as home to 17% of the global population, producing less than 5% of global annual emissions and accounting for only 3% of…
It is difficult to miss this royal beauty with its impressive design which invites you from afar. Welcome to the luxurious Johannesburg Marriott Hotel Melrose Arch As one of the industries worst affected by the global COVID-19 pandemic, the hospitality industry is starting to pick itself up. Although it will take a long time for…
This is the first in a series of articles exploring XBRL. Our next article will consider how XBRL was developed and the wider advantages and disadvantages of XBRL as a financial reporting tool The Fourth Industrial Revolution (4IR) era is characterised by an advanced interconnectivity of electronic data that has enabled machine learning to such…
As both accountants and good corporate citizens we advocate for accurate and transparent disclosure that will cater for a wide user audience and aid in decision-making. This also talks to acting in the public interest, which is one of the core mandates of an accountant Disclosure had advanced over the years. Originally disclosure was used…
In a recent article titled ‘On the relevance of IFRS financial statements’1 there was discussion around the relevance and usefulness of financial statements under IFRS. I think many accountants would agree that there are positives and negatives to the application of IFRS. Particularly vocal critics of IFRS include preparers at small and medium-cap listed companies…
Stakeholders of all kinds increasingly hold organisations accountable for delivering sustainable value. In fact, stakeholders tend to place more trust in organisations that demonstrate a sustained interest in communities, the environment and good governance. They expect organisations to do more than simply ‘tick a box’ Organisations can help to build trust and deliver sustained outcomes…
American entrepreneur Jim Rohn once said that income seldom exceeds personal development. Simply put, investing in your personal development is one of the most valuable and enduring investments you can make Some managers invest heavily in their skills portfolio early in their careers and then do so less and less intensively as their careers progress.…