SHOULD THE AUDITOR’S LIABILITY BE LIMITED?

The number of recent claims against audit firms, some of them running into billions of Rands, for alleged ‘audit failures’, is a stark reminder of the problems facing the auditing profession in the absence of some protection offered by an equitable apportionment of liability regime. This constant threat of seeking to be held liable as…

WIK EN WEEG: ONSEKERE 2009 VOLG MOEILIKE 2008

Dit is waar dat die Suid-Afrikaanse ekonomie in 2008 gegroei het. Maar dit is ongeveer die enigste brokkie goeie nuus wat ’n mens aan kan dink. Onmiddellike vooruitsigte is nag. Die verbruiker het gedurende 2H2008 in resessie inbeweeg soos verbruiksbesteding begin daal het, gelei deur swak duursame verbruiksbesteding, veral motors, behuising, meubels en huishoudelike toebehore.…

SOCIAL NETWORKING REVISITED

In as little as five years Social Networking has managed to invade our families, relationships, places of work and classrooms. On an almost daily basis, we are confronted with media reports warning against the risks associated with Social Networking sites. It is perhaps not surprising then that an American Management Association survey found that up…

ACTIVITY BASED COSTING FOR MULTI-PRINCIPALS

Warehousing and transporting goods for more than one principal presents challenges for logistics service providers. These challenges include: warehouse space allocation, use, load aggregation, as well as transport optimisation to name but a few. From a financial point of view, it is imperative to proportion aggregated cost to principals in order to understand and maintain…

XBRL – CONNECTING THE DOTS

eXtensible Business Reporting Language (“XBRL”) is changing the way in which the business world communicates financial information. By updating the way business and financial data is transferred and reported globally, XBRL is revolutionary in this process. XBRL is being developed by an international non-profit consortium of approximately 500 major companies, organisations and government agencies around…

SPECIAL REPORT ARTICLE 2

ENTERPRISE & SOCIO-ECONOMIC DEVELOPMENT SOUTHERN REGION LAUNCHES WECARE PROJECT The weCAre project was launched by the South African Institute of chartered accountants (SAICA) in 2007 and is spearheaded by female chartered accountants. The mission of this project is making a significant difference in the lives of South African children. Noah’s Ark in Yeoville, Johannesburg, is…

SPECIAL REPORT ARTICLE 4

ENTERPRISE & SOCIO-ECONOMIC DEVELOPMENT  STELLENBOSCH THUTHUKA STUDENTS GIVE BACK During 2007, Stellenbosch University welcomed its first intake of 20 Thuthuka students, better known as the “Thuthuka-20”. In 2008, a further 29 students were added. The Stellenbosch Thuthuka programme focuses on Afrikaans speaking students from the coloured community.  The students are all enrolled for the three-year…