November 2022 Issue

LEADERSHIP MEANS RUNNING TOWARDS THE FIRE When a crisis hits, emergency personnel like firefighters and medics are trained to run towards the fire even though their natural instincts will tell them otherwise. Business works the same way. When the crisis hits, your instincts might tell you to ‘run away’, but the test of true leadership…

October 2022 Issue

Taking care of your mind Mental health has been called ‘the silent pandemic’: the growing incidence of mental ill-health, which has increased since the remote working and social distancing policies implemented to keep COVID-19 at bay, heightened our sense of anxiety and isolation. Difficult as it was to adapt to these unfamiliar circumstances, the move…

Manage your Practice: ISQM 1: Monitoring and Remediation

ISQM 11, ISQM 22 and ISA 220 (Revised)3 come into effect on 15 December 2022. These standards are expected to have a significant impact on all firms that perform engagements in accordance with the IAASB standards. The South African Institute of Chartered Accountants (SAICA), in collaboration with the Pan African Federation of Accountants (PAFA) and…

Manage your Practice: ISQM 1: What is the implementation status of our small and medium-sized practices?

On 26 August 2022 SAICA presented a practical ISQM 11 webinar specifically aimed at small and medium-sized practices (SMPs). Several questions were posed to the delegates during the webinar. This article will share the responses received from the delegates. These responses of course do not represent the results of a survey of the entire population…

Lifestyle: Tech review – Laptop bags and tablet sleeves

Port Designs’ latest Laptop bags and Tablet sleeves are stylish, modern and easy to carry. These products are available from different online stores. Port Designs Courchevel 15,6″ Backpack The Port Designs Courchevel 14/15,6″ backpack is both robust and lightweight, designed to transport your laptop. The Courchevel has a padded interior compartment to provide optimal protection…

Manage your Practice: ISQM 1: Information and Communication, Networks and Documentation

ISQM 11, ISQM 22 and ISA 220 (Revised)3 come into effect on 15 December 2022. These standards are expected to have a significant impact on all firms that perform engagements in accordance with the IAASB standards. The South African Institute of Chartered Accountants (SAICA), in collaboration with the Pan African Federation of Accountants (PAFA) and…

Manage your Practice: Deregistration of companies and close corporations

Deregistration of companies and close corporations occurs when a company is removed from the Companies and Intellectual Property Commission (CIPC) register. The CIPC publishes in the Government Gazette the list of companies and close corporations that would have been deregistered. In terms of the Companies Act 71 of 2008, section 82(3)(a)(i), the CIPC may refer…