Gary Berchowitz and Simon Whitehead of PWC discuss the implications of the introduction of IFRS 15, the long-awaited global standard on revenue recognition. Those closely following the project know there are potentially significant changes coming for some industries, and some level of change for almost all entities The International Accounting Standards Board (IASB) recently issued…
It gives us the greatest honour to announce the names of 35 of the most outstanding young CAs(SA) in South Africa. They have been handpicked not only for their exceptional career achievements and abilities but also for how they actively are giving back to the community and the less fortunate – and ultimately for the…
Etienne Dreyer and Leanne Mandim investigate the impact of the Protection of Personal Information Act on medical schemes The Protection of Personal Information Act 4 of 2013 (POPI Act) was signed into law by the President on 26 November 2013. The President is yet to appoint a regulator and announce the commencement date of the…
Audi A3 Sedan 1.8 TFSI The ever-changing vehicle market has seen a growing number of executives that seek up-market sedans that are good-looking and have a sporty finesse as well. Audi has listened to the needs of its customers and have launched the all new A3 sedan. This is not just a booted version of…
“Fraud is a particularly fraught subject, not only is there the loss suffered by the business and the potential legal repercussions if it is client related information, it is also a seemingly personal attack on the business owner.” Fraud is a particularly fraught subject, not only is there the loss suffered by the business and…
Although milestones have moved a number of times, the Solvency Assessment and Management project is nearing the end of the development phase and implementation is set to begin. Matthew Brinckmann and Kerry-Anne Forster give an overview of the process Four years ago the Financial Services Board (FSB) initiated the Solvency Assessment and Management (SAM) project…
Johan Scheepers discusses the evolution of banking regulation and the new leverage ratio as an additional tool to understanding banks’ and banking groups’ risk Banking as a business was originally practised in the ancient empires of Babylon, Assyria and Judea. The first “modern” bank was the Bank of Venice, which was founded in 1157. Two…
Entertainer, educator, accountant – Mark Samowitz is helping people to speak the language of business by demystifying the jargon of accounting. Monique Verduyn spoke to him. Accounting is not difficult – it is logical and easy to understand if taught correctly. That’s the word from Mark Samowitz, a CA(SA) who is making it his life’s…
“Limit your options (even if you get someone else to do it for you).” My husband and I have a little game we play if we decide to open a bottle of wine with our dinner. One of us goes to the wine fridge (our pride and joy) and takes out a ‘shortlist’ of three…
For 2014, as a family, we decided to really give camping a go. Just wanting to do something different. Over the years we have collected gear but decided to stock up and offer camping the opportunity to prove itself. Even got a SUV for more space. Honestly, it’s difficult to explain what camping does for…