Auditors have for many years been required to read other information included in documents containing the audited financial statements. So what will change in future under International Standard on Auditing (ISA) 720 (Revised), The Auditor’s Responsibilities Relating to Other Information? By Leon Kies ‘Lack of consistency can bring on a lack of interest.’ Now that’s…
The term ‘supply’ is widely defined in the Value-Added Tax Act 81 of 1991 (VAT Act) to include performance under a rental agreement. The rental of commercial property such as office space and factories is subject to VAT where the rental income exceeds the R1 million threshold. VAT registration is then compulsory, and the landlord…
According to the 2015 Businesswomen’s Association of South Africa (Bwasa) Women in Leadership Census, females make up 25% or more of the director or executive managerial positions in 34 of the 293 JSE-listed companies surveyed. More South African women are taking up leadership roles and may be the main breadwinners for their families. With 8…
ACCOUNTING INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRSs) Have you considered the impact of the new Leases Standard? IFRS 16, Leases, has been published and will replace the existing Leases Standard and related Interpretations. IFRS 16 will require all leases to be reported on a lessee’s statement of financial position as a right of use asset and…
Tshego Sefolo CA(SA), CEO of Zico Capital, runs and manages a private equity firm, one of the most exciting and rewarding careers around, he says. Eamonn Ryan spoke to him Tshego Sefolo distinctly remembers the day in the early 1990s that he recognised his goal in life – the moment he read of the then-biggest…
Commitment to transformation in the profession is belied by negative university environments and poor support for Thuthuka. By Monique Verduyn The South African Institute of Chartered Accountants (SAICA) has made steady progress in helping to produce more black chartered accountants. Blacks in total form about 21% of the CA(SA) population. This is largely due to…
One baby girl is the inspiration behind her mother’s beautiful charity – The Grace Factory. Through it, Amy Westerman CA(SA) has brought a ray of hope to almost 2 000 desperate new mothers and babies and assisted more than 80 children’s homes. Lynn Grala spoke to her Quite coincidentally, it happens to be only two…
There are pros and cons to autocratic and democratic leadership, both in politics and in business. Is how a leader comes into power indicative of the type of leadership one can expect? Autocratic leadership is when one person makes all the decisions for everybody. Pros of this form of leadership are that decisions can be…
What a start to the year! If you’d told me in December over Christmas lunch that we’d have such a volatile and uncertain start to 2016 in the global economy, I don’t think I would have believed you. By Garth Saunders The weak rand and continued drought heightened the risk of inflation breaching the SARB’s…
Unleashing the power of our people Creatures of habit: the consistent leader 7 Tips to awaken your creative aptitude Setting the scene for success UNLEASHING THE POWER OF OUR PEOPLE On entering the workplace, we are often placed in managerial positions through the prestige of our profession. This privilege gives us unique opportunities to realise our…