The chairman of Pick n Pay, Gareth Ackerman, said he was delighted to announce that Mariam Cassim was appointed as an independent non-executive director following his promise to shareholders at the 2019 AGM to review and refresh the composition of the board. Pick ’n Pay looks forward to the contribution she will add to board…
Lockdown is like standing on the edge of what is known and unknown At the edge, you have options 1. You stand still, hoping that things go “back to normal” or 2. You wait to be rescued; or 3. You embrace the opportunity and boldly find your wings to fly. During Lockdown, there were many…
The Fourth Industrial Revolution is marked by emerging technology breakthroughs in a number of fields, including robotics, artificial intelligence, nanotechnology, quantum computing, biotechnology, The Internet of Things (IoT), decentralised consensus, 3D printing and autonomous vehicles. The most significant impact of the Fourth Industrial Revolution is to improve the quality of life, reduce inequality of the…
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…