A common response to factual insolvency is for a parent company or fellow-subsidiary to provide a so-called ‘letter of comfort’, also known as a ‘letter of support’. The value and benefit of such letters to an auditor (and indeed to the company itself and to its creditors) depend on the specific wording thereof, and in…
The Companies and Intellectual Property Commission’s (CIPC) Corporate Compliance and Disclosure Regulation unit, as part of its functions per section 187(3) of the Companies Act 71 of 2008, covered various areas of enforcement during the past few months. These included qualitative reviews of annual financial statements submitted in iXBRL and proactive monitoring and enforcement of…
Redmi Note 12 boasts a stunningly bright and colourful AMOLED screen with an impressive 120Hz refresh rate. Undoubtedly one of the best displays in its category, the 6.67” FHD+ display with DCI-P3 offers a wide colour gamut that enhances the immersive and fluid experience. Whether you are scrolling through social media content or playing popular…
Samsung Electronics has unveiled its newest and ultra-premium Micro LED TV with prices ranging from R1,4 million up to R3 million, available in screen sizes from 76” up to 126”. With advancements in picture and sound quality, more screen size options, customisable accessories and an upgraded interface, the Micro LED screens bring the vision of…
The current tech product landscape is as exciting as ever, we see many innovative designs, cutting-edge features, and astronomical improvements in how they enhance the life of consumers. The Huawei Consumer Business Group has announced and launched a series of new technologically advanced flagship products. From revolutionary smartphones, laptops, to trendy wearables and more –…
As managing director, Peterson Khumalo CA(SA) is creating a solid foundation at Khumalo and Mabuya Chartered Accountants (KnM). They started the firm in 2014 with a staff complement of three and ten years later they have more than 50 permanent employees and 10 directors. Peterson’s vision is now set on conquering Africa through KnM and…
INSPIRING CHANCE Leadership is not just about leading people to achieve specific goals. It’s about inspiring change, transformation, and growth in others. A leader who inspires change in others is someone who could create a vision, communicate it effectively, and empower their team to achieve it. Here are some key traits and behaviors that can…
LEADERSHIP FOR 2023 AND BEYOND Leadership means something different for each of us; it’s an ever evolving concept shaped by the demands of the economy, changing social dynamics and even emerging technologies. As we move into 2023 and beyond, businesses must adapt to these changes and embrace new models of leadership that prioritise agility, resilience…
How to plan the future while focusing on what matters. The last three years have been challenging years for global economics and organisations at large. The continued changes have increased operating risk and forced management to have an outlook to the future that is adaptive in nature while focusing on day-to-day operating changes. The first…
In an increasingly corrupt world, the role of the auditor is becoming more and more important. Aside from the importance of the legal requirements for an audit, the undertaking of the audit itself provides valuable insight. Its purpose is to provide a true and fair view of an organisation’s financial performance and position and is…