The latest revenue standard proposes a single, complete revenue recognition model applicable to all contracts with customers. Deloitte is proud to present an abstract of our 6th Deloitte CFO Survey to you. This year our survey was extended to include chief financial officers (CFOs) operating in five African countries (Botswana, Malawi, Namibia, South Africa and…
“Recently, MTN was defrauded of millions of rands in air time by a Russian hacker, which highlighted the issue of managing IT-related fraud.” Protecting reputation and asset value from the onslaught of cybercrime Forensic audit services such as forensic accounting, investigative and legal services are often swathed in an air of mystery. Even the most…
“Hearing about other people’s stories can help you spot seedlings of the same feelings in yourself and hopefully get you to do something to make a change today.” “Twenty years from now you will be more disappointed by the things that you didn’t do than by the ones you did do. So throw off the…
“The financial year-end comes and goes, so now the financial department knuckles down to its yearly wrap-up while the other departments compile their results.” Use the annual report as a management tool and ease the year-end pain The second of South Africa’s bi-annual reporting ‘silly seasons’ ends in early October. Like me, hundreds of weary…
“Websites need maintaining, not just the content but also the look and feel. Sixty-seven per cent of firms surveyed have had their websites redesigned in the last three years.” A survey of 250 UK accounting firms reveals eye-opening results PracticeWEB in the UK recently published a comprehensive report regarding online trends which reveals some interesting…
Finding your company’s ‘sweet spot’ reporting solution among a welter of packages You don’t need to go to extremes to remove the pain and risk in using spreadsheets – there are dependable, fast and easy solutions available to automate and manage your consolidation needs. The Catch-22 One can easily design extensive financial reports, with a…
“Attempting to correct a misguided contract or tender after the award is often too late and the damage will have already been done.” Gaining popularity – a procurement process for minimising potential corruption and controversy in tender awards We can expect an upsurge in the demand for proactive procurement reviews after the Finance Minister has…
“South Africa has been ranked 52nd out of 60 economies in Grant Thornton’s new GDI 2013 report (43rd out of 50 in 2012).” Career Suite – numbers to remember Number of committees and mentors Member type Committees Mentors Total Individual 3 1 4 Member CA(SA) 40 19 59 Staff 1 1 2 Trainee 1 2…
Fun and polish Now in its third generation, the Audi A3 has firmly entrenched itself in the market. In this latest guise the A3 is evolving into a more sophisticated and polished version of the young upstart. Nothing is out of place, from the smooth silhouette of the bonnet all the way to the newly…
Over the last few years, the Honda CRV has moved away from the brute off-road look towards a more sophisticated and crafted vehicle that can tackle the odd off-road challenge. The latest version of the CRV is further proof of this trend. The first CRV had the spare wheel hung on the rear door that…