The withdrawal of Statements of Generally Accepted Accounting Practice (GAAP) has had far-reaching effects on financial reporting in the public sector, particularly government business enterprises (GBEs). Tsholo Tshoke explains the impact of the withdrawal of Statements of GAAP on GBEs The constitution requires the National Treasury to develop measures to ensure transparent reporting of revenues,…
THE FUTURE OF ETHICS ETHICS & CORPORATE GOVERNANCE DEFINITION OF ‘ETHICS’ DECONSTRUCTED COMMERCE WITHOUT MORALITY THE FUTURE OF ETHICS The novelist Elie Wiesel once said that there may be times when we are powerless to prevent injustice, but there must never be a time when we fail to protest. The accounting profession needs to stand…
Mentorship, always critical to accounting and audit, is evolving into as much an external as an internal prerogative. As mentorship is engrained in our everyday activities, many CA(SA)s have outreached to their communities as mentors. By Eamonn Ryan One grassroots project typical of the desire of many CAs(SA) and trainees to assist particularly in areas…
2016 Top global risks The new world of insurance Knowing when to Reinvent Discovery’s business model Pay attention to avoid financial losses 2016 TOP GLOBAL RISKS From the environment to international security and the coming Fourth Industrial Revolution, the World Economic Forum’s Global Risks Report 2016 finds risks on the rise in 2016. Oliver Cann…
Little savings add up I once attended a negotiation course where the presenter told us that if you intentionally set your alarm clock earlier than you need to get up so that you can snooze, you are negotiating with yourself first thing in the morning, and you are losing. Busted! It’s time to start talking…
The all new Ford Ranger XLT 2.2 diesel vs the Isuzu KB 250 Diesel The double cab market seems to have exploded in South Africa with all manufacturers now offering more brute-looking vehicles with creature comforts. This makes the double cab double up as a weekend vehicle. As manufacturers keep upgrading the SUV and making…
A light at the end of the tunnel? The 2016 budget is not all bad. Did it meet expectations? No. Did it take on high-profile, easy to understand increases that everybody understands the repercussions of, like VAT or personal income tax? No. Is the budget loaded with stealth tax, essentially hiding the real pain points…
CEO of W. Consulting Bruce Mackenzie CA(SA) shares his experiences establishing and growing his own small business into a global consultancy. By Eamonn Ryan While many of today’s school leavers cite money as their major inspiration for wanting to become a CA(SA), that novelty soon wanes. In the case of W. Consulting CEO Bruce Mackenzie…
HOW TO OVERCOME IT Sweaty palms, a tingling sensation, rapid heart rate ‒ these are just some of the physical symptoms that people feel when asked to speak; it’s officially called glossophobia ‒ fear of public speaking. This fear could also include total avoidance of events that focus on individual attention and result in limiting…
The issue of ‘disclosure overload’ is not new, neither is it an issue for preparers of IFRS financial statements only. In fact, a number of standard-setters and regulators around the world are attempting to find solutions to the issue of disclosure overload. By Mareli Dippenaar The International Accounting Standards Board (IASB) has found that financial…