There are around 230 000 registered not for profit organisation (NPOs) in South Africa, and the numbers are growing rapidly. This is driven by several factors including a desire to provide social services to under-resourced communities, and also to drive social justice and hold the state to account in delivering the promises of the Constitution. The…
By Pieter Bensch, Executive Vice-President at Sage Africa & Middle East As an accountant, you have an invaluable role to play in helping your clients survive the COVID-19 outbreak and its economic effects. With the pandemic and the national lockdown battering nearly every company in South Africa, they need your counsel and practical advice more…
We find ourselves in significantly challenging and difficult times: a constantly changing world which is volatile, uncertain, complex and ambiguous. With these uncertain circumstances we all need to rapidly adapt to change. Like many other organisations, SAICA finds itself in the position of having to make some very difficult decisions, particularly about the upcoming SAICA…
The new five-door hatch from Audi has grown both in size and overall presence, not to mention that is has a much broader driver appeal. The all-new Audi A1 has moved from a predominately female young professional / student vehicle to a more grown-up and brute hatch. The new-look front ensures that this vehicle is…
The Independent Regulatory Board for Auditors (IRBA) issued its Feedback Report on Audit Quality Indicators on 2 December 2019. This article gives an overview of the repor. The IRBA’s project to develop guidance on audit quality indicators (AQIs) is in line with the strategic objectives of the IRBA to be more proactive and assist in…
International Standard on Auditing (ISA) 315 (Revised), Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and its Environment (ISA 315 (Revised 2019)), was issued by the International Auditing and Assurance Standards Board (IAASB) in December 2019 and is effective for audits of financial statements for periods beginning on or after 15…
The Institute encourages perseverance for unsuccessful candidates and reminds them of a second opportunity. We would like to congratulate the 2 149 (of the 3 657) aspirant chartered accountants (CAs(SA)) who passed the Initial Test of Competence (ITC) in January 2020. Those candidates who were unsuccessful will have another opportunity later in the year to…
Some things can be done on a company-wide or management level, while other things can be implemented by individuals. If your team sees you embracing healthy habits in the workplace, it can be an immense encouragement to them to do the same and gain the benefits of a more energising work environment. Acknowledge the…
The outbreak of the global coronavirus pandemic has demanded an extraordinary response by governments around the world. The fight against the biggest health threat of our time requires of every parliament, organisation, company and individual to respond quickly to this challenge. It cannot be business as usual. The same applies to national audit offices. Not…
Jill Johnson, senior executive at SAICAEnterprise Development South Africa is moving towards cleaner energy with Cabinet’s latest approved 2019 Integrated Resource Plan (IRP). This IRP outlines wind power contribution to the future energy mix of 18%. South Africa has therefore seen the swift appearance of larger and smaller wind and solar farms in the past…