Professionals cannot operate with a singular mindset; they must see their whole ecosystem and how they affect it. Similarly, organisations are part of a bigger ecosystem and contribute to the degree to which it is functional. In the last number of years, we have seen a significant increase in focus on the role of auditors…
KPMG’s decision to no longer provide non-audit-related services to our JSE-listed audit clients made sense, as it aligned to our firm culture and in many ways inspired ongoing debate and discussion about ethics within our firm and the profession − all of which ultimately protect the interests of the public, writes Ignatius Sehoole. Earlier this…
The establishment of the Sustainability Standards Board (SSB), which will have consistency in ESG reporting in 144 jurisdictions, would be the beginning of a comprehensive corporate reporting system. Corporate reporting can only be well functioning if it is comprehensive. The more comprehensive, the better the quality of comparability, the more informed the information for users,…
CAs(SA) AS DIFFERENCE MAKERS When you think of a difference maker, it would be someone that has an impact on others’ lives. Some would say that we were all created to make a difference, so we all see ourselves as difference makers. SAICA recently launched its ‘difference maker’ concept in alignment with Chartered Accountants Worldwide’s…
In response to the 2019/20 national and provincial audit outcomes released by the Auditor-General, Tsakani Maluleke, on 31 March 2021, Mr Freeman Nomvalo, SAICA’s CEO, stated: ‘As a country we need stability at leadership level (directors-general and boards of state-owned entities), effective parliamentary oversight and appropriately skilled personnel. And finally, we need to ensure that…
Microsoft CEO Satya Nadella in April 2020 noted, ‘We’ve seen two years’ worth of digital transformation in two months’,2 and the World Economic Forum has declared the potential for Fourth Industrial Revolution (4IR) technologies as limitless. Technologies like artificial intelligence (AI) and the internet of things (IoT) serve to provide solutions to a host of…
Making a difference through the KZN Film Commission In 2013, Carol joined the KwaZulu-Natal Film Commission (KZNFC) as the CEO and the first employee. This position provided her with an opportunity to shape the design of the new business and its operations. In establishing the KZNFC, Carol took the principal approach that the entity would…
If a provision of legislation is interpreted and applied correctly but the results have unintended consequences that obscure the overall intent of the legislative provision … is the legislation achieving the desired result? A topic that is regularly debated among professionals in both the public and private sector space is whether regulations, when interpreted and…
The enhanced powers of the AGSA are a vote of confidence in the auditing/accounting industry. This is a clarion call to all our peers to support both these amendments and other critical professional tools that will ensure wholesale clean administration to benefit the most vulnerable and deserving in our society, and one way for us…
As part of the value chain of advising accounting officers and accounting authorities, the Auditor-General of South Africa (AGSA) has evaluated the role that audit committees play in terms of improving the financial management of departments that they serve in. Members often find themselves as members of a public sector audit committee, be it in…