Editorial corrections and changes to IFRSs The IASB has issued editorial corrections and changes to Improvements to IFRSs and Bound volume 2008 on 11 September 2008. Please click https://www.saica.co.za/DisplayContent.asp?ContentPageID=268 to access these editorial corrections and changes to IFRSs. Proposed amendments to the retrospective application of IFRSs The International Accounting Standards Board (IASB) has published for…
GENERATING ADDITIONAL ACCOUNTING SKILLS IN SOUTH AFRICA As the South African economy grows, the skills shortage poses a serious threat. There is a particular need and demand for skilled accounting staff in all sectors and in all sizes and types of organisation. To address the critical skills shortage of intermediate level accounting skills in both…
ACEDEMIC TRAINEESHIP PROGRAMME – SOME QUESTIONS ANSWERED During the 1980s, SAICA introduced the Academic Traineeship Programme (ATP). In essence, this programme allows academically strong students, upon successful completion of their studies, to spend the first year of their three-year training contract in academia at a SAICA accredited university, instead of in public practice or commerce…
LOOKING BACK AT 2008 2008 has indeed been a year of rapid movement and change. From the sub prime crises in the US, the stuttering of financial markets globally to the changes in the local political landscape, we have seen rapid change to which we all have to adapt. Our profession has been no exception…
FROM THE PEN At the time of writing this editorial, Kgalema Motlanthe has just been announced as South Africa’s third President at a time that many considered the beginning of the end of the African National Congress (ANC) as we know it. For the past 14 years, the ANC has controlled the National Assembly with…
SPECIAL REPORT: MOTORING 2008 ROLLS ROYCE PHANTOM If, like me, you’re a motoring enthusiast (some say fanatic), then you can only imagine my sheer delight when a pristine 6m long white Rolls Royce pulled into my driveway to take me on what can only be described as a royal ride of a lifetime. Now, while…
DEATH AND TAXES: DIE SWAKKE BTW Readers will, I hope, forgive the weak pun about VAT or BTW. Members of the profession that relax by playing golf or tennis or succumb to a beer or three at the rugby club are no doubt glad to escape momentarily from the rigours of audit, accounting and tax…
WIK EN WEEG: SWAKKER KOMMODITEITSPRYSE Dit is vroegdag om te wil spekuleer oor goeie tye. Maar daar is veranderings op pad wat uiteindelik die ekonomie weer ’n hupstoot kan gee. Dit is egter ‘n komplekse storie, van gee en neem, met miskien nuwe wenners maar dalk ook verloorders. Internasionaal is daar groot woelinge, soos die…
NEW GENERATION: BUILDING AN AUTHENTIC LEADERSHIP IMAGE I am in numerous conversations with friends and clients where the topic under discussion is the perception formed of them by people. In many cases, the person is not happy with this perception because he/she knows that he or she is brilliant in what he or she does…
DIGITAL PIRACY: FILESHARING IN THE CORPORATE ENVIRONMENT Introduction With an online/digital revolution sweeping the music industry, it is not only the music industry, but companies in general, that need to adapt the way they run their businesses. Online copyright theft is no longer being allowed to run rampant on ISP networks under the guise of…