CPD: New Technologies set to Power and Audit

More data was produced in 2017 than in the previous 5 000 years of humanity. New and disruptive technologies are emerging at a rapid pace. Blockchain, the cloud, robotic process automation (RPA), digital labour, machine learning, deep learning, quantum computing, natural language processing (NLP) − all of these have huge potential to change how business…

CPD: Proposed Deferral of IFRS 17

The International Accounting Standards Board (IASB) at its meeting on 14 November 2018 tentatively decided to propose that: The mandatory effective date of IFRS 17, Insurance Contracts (IFRS 17), be deferred by one year, to 2022, and The fixed expiry date for the optional temporary exemption from applying IFRS 9, Financial Instruments (IFRS 9), which…

SAICA’s Disciplinary Committee outcome

SAICA hereby informs staff that the hearing in respect of Mr Tshifhiwa Matodzi, the former chairman of the board of VBS Mutual Bank, was concluded on 19 February 2019. The Disciplinary Committee has ordered the cancellation of Mr Matodzi’s membership from SAICA in terms of SAICA By-law 30.2. SAICA can also confirm that the part-heard…

Large Corporate Bullies need to be held accountable

There have been several recent incidents where big corporates were taken on by small and medium enterprises (SMEs) or consumers. It is time that large corporates start acting in the best interests of SMEs . Woolworths has recently admitted that its baby carrier is ‘strikingly similar’ to Shannon McLaughlin’s Ubuntu Baba carrier and has stopped…

Professional Value

At the start of every new year, people are highly energised, focused and readily reaffirm their psychological contracts with the people and organisations around them. By some magical stroke of the clock, the mind is able to reset and start again in a symbolic slate cleaning process. Organisation Development Advisor Paolo Giuricich CA(SA)Founder and owner…

STOP Workplace Bullies

Workplace bullies can purposefully ostracise their victim and isolate them from the group or team. In a survey by the Trade Union Congress, referenced in Forbes, 46% of bullied employees reported bullying to have an adverse impact on their work performance and mental health, while nearly 30% per cent noted its detrimental effects on their…

The Money Moral Panic

Ponzi scheme! South Sea Bubble! Tulip mania! The dotcom bubble! These are some of the dramatic comparisons being made with the rise of cryptocurrencies and the blockchain. But Kevin Phillips has a different view. Business AdvisorKevin Phillips CA(SA) CEO of IDU Group

Boost your Career − Speak Up!

Speaking up often takes courage. Most often people fear a negative response to their ideas or, at worst, being ostracised. But if done successfully, it can achieve great things, not only for your company but for your career. In a Forbes article, ‘5 ways to build courage and competence for difficult conversations’, when you do…