Feature: The evolution of the auditor

It is not about change anymore; it is about audit transformation. Relevant technologies are changing rapidly and therefore capability requirements cannot be set in stone. As such, we cannot focus on just the acquisition of the latest technologies, we must focus on the auditor having the right skill set to embrace the changing technologies. Amé…

Clarification on Ethical values and attitudes

The SAICA CPD policy states that all SAICA members and associates are required to: Paragraph 2.2: Undertake relevant continuing professional development (CPD) activities on an annual basis Paragraph 2.1.1(b): Follow an output-based measurement approach to CPD by demonstrating the maintenance and development of relevant competence by generating an annual CPD reflective plan Paragraph 2.1.1(f): Undertake…

Disclosure – The pathway to corporate reporting reform

In the 1980s, there were essentially three elements to corporate reporting: an income statement, which focused on profitability, a balance sheet that focused on solvency, and a cash flow statement that concentrated on movements in cash and essentially working capital. The associated disclosure, too, was relatively narrow. Notes to the balance sheet provided reconciliations to…

From distress to success

After making the tough decision to enter your company into business rescue protection, you are faced with making the most important decision for the business’ future success – who do I appoint as my business rescue practitioner (BRP)? Planning to enter business rescue It is well documented that the key to success in the business…