ASA: Feb 2020 Issue

Make 2020 your year of abundance With every new year there are opportunities to do things differently and start afresh. This year is no exception, and the 11 months ahead offer a myriad of opportunities. Regardless of what your resolutions for the year may be, it is an chance to start over, with new goals…

Volvo XC60 D5 AWD

‘Since 1927, when the founders of Volvo Cars decided to focus on safety as one of the core values of the company, we have been a leader in the field. That will never change. What will change is the breadth of technologies we employ to improve your driving experience and safety,’ Volvo says on their…

IFRS 16: A Return To Transparency

The 2019 financial year requires an entity that uses International Financial Reporting Standards (IFRS) to account for its lease transactions using the new standard IFRS 16, Leases. Words: Milton Segal From a financial theory perspective, the concept of leasing makes economic sense. When an entity requires the use of an asset or a resource to…

CPD: Demonstrating the exercise of professional scepticism auditing accounting estimates

Auditors recognise the importance of exercising an appropriate level of professional scepticism during the performance of an audit but get stuck on how to practically demonstrate that this has been achieved. This article provides an overview of the provisions included in ISA 540 (Revised) relating to the practical application of professional scepticism when auditing accounting…

Reporting Strategy

Accessing data to deliver the insights required for effective decision-making is a fundamental business skill in the digital age. Underpinning this is a corporate reporting strategy that links the information needs of an organisation with the data and the calculations to measure success. In the age of business intelligence (BI) and advanced analytics, the technology…