ANALYSIS: Mandatory rotation of audit firms

A new EU directive requiring rotation of auditors elicits a negative reaction in South Africa On 3 April 2014, The European Parliament approved the new EU Audit Regulation and Directive, which will require European-listed companies, banks and financial institutions to appoint a new auditor every ten years. This can be extended for a further ten…

INFLUENCE: Six small and medium practice firms

What makes them different? SAICA receives a great deal of feedback from small and medium practice (SMP) firms regarding challenges and difficulties faced in the SMP environment. However, this sector of the CA(SA) industry also offers vast opportunities, especially in light of the ever-growing focus on small and medium enterprises (SMEs) and their role in…