MARKET COMMENTARY December 2015

This market commentary is intended to provide readers with insight into what happened over the period of review, even though the data may be somewhat dated owing to the timeframe of the publishing process. By Garth Saunders The South African economy was riled by the unexpected decision by President Jacob Zuma to change the Finance…

ANALYSIS: Auditor focus on ‘other information’

Ashika Mohan gives an overview of the auditor’s revised responsibilities under international standards to read and report on other information included in an entity’s annual report, focusing on the continued importance of the auditor’s responsibilities in this area and the main changes The International Standard on Auditing (ISA) 720 (Revised), The Auditor’s Responsibilities Relating to…

ANALYSIS: AUDITING DISCLOSURES Weighing our words

Financial statement disclosures continue to expand and are increasingly qualitative and subjective. We examine the IAASB’s recent amendments to the International Auditing Standards (ISAs), which are intended to support a more robust, consistent process of auditing disclosures. By Lindsay Croeser In order to drive improved focus on disclosures throughout the audit process and to clarify…