ANALYSIS: SMME grant funding

This article is an attempt to provide useful information to the accountants of two types of business people in relation to access to grant finance offered by the Department of Trade and Industry and the Department of Small Business Development A popular discussion point around economic growth is small business and its role in growing…

ANALYSIS: AMENDMENTS TO IMPAIRMENT STANDARDS

Since adopting the Standards of Generally Recognised Accounting Practice (GRAP) on impairment of assets, stakeholders shared practical challenges on the application of those standards with the Accounting Standards Board. This article discusses these challenges and steps taken by the board to respond to those challenges GRAP 21, Impairment   Non-Cash-Generating Assets, and GRAP 26, Impairment of…

ANALYSIS: THE NEW AUDITOR’S REPORT

Challenges are being faced in the implementation of the new auditor’s report. Here are some tips gleaned from auditors’ initial experiences The most prominent change in the auditor’s report under the new and revised auditor reporting standards is the communication of key audit matters (KAM), which provides more entity-specific and audit-specific information to the users…

FEATURE: Staying on the Curve

How will the maturation of data science combined with advancements in artificial intelligence revolutionise the role of the CA(SA)? Sven Wüsthoff unpacks technology imperatives for you BACK TO THE FUTURE Whenever someone talks about robots taking over the world, most people chuckle quietly to themselves and dismiss the notion in its entirety as politely absurd…