Let’s start with a question. You’re offered the chance to take part in a little bet. A fair coin will be tossed. If you win, you’ll receive R100. If you lose, you need to give up R100. Would you take up the bet? Let’s change it up a bit. You still need to pay R100…
Risk management can feel like going to war: there are threats on the horizon and it could take substantial investments of time, resources and effort to achieve victory. Some of the threats your business will face are bad debts, theft or fraud, loss or theft of data and natural disasters. The good news is your…
Information technology is one of the most valuable yet often least understood assets in a business. It takes an insightful enterprise to recognise the benefits of information technology and use it to drive stakeholder value. Moreover, successfully managing information technology in a business also means understanding and mitigating the risks associated with it, including increased…
The release of the definitive International Integrated Reporting <IR> Framework in December 2013 has cleared the confusion about what an integrated report actually is and how companies should implement it. Until now many ‘integrated reports’ were anything but except in title, with one survey concluding that only 30% of so-called integrated reports truly made the…
Australia is rich in fossil fuels. Vast reserves of black and brown coal drove the development of coal-fired power stations which have supplied power for many years to Australian industry at comparatively low prices, creating a cost advantage that attracted energy-intensive industries and supported the growth of manufacturing. This story is similar to South Africa’s…
By using earnings per share as a measure of financial performance, do we interpret it appropriately? Pundits in the know and other users of financial statements perhaps not that well informed have been touting earnings per share (EPS) as the holy grail of financial performance for a very long time. The requirement for companies in…
Risk management can feel like going to war: there are threats on the horizon and it could take substantial investments of time, resources and effort to achieve victory. Some of the threats your business will face are bad debts, theft or fraud, loss or theft of data and natural disasters. The good news is your…
Outside the grey stone walls of Oxford University’s Saïd Business School, it was an ordinary damp Friday morning in England. But inside, where I sat listening to Adrian Moorhouse – Olympic gold medallist turned consultant – it was an extraordinary moment. I had just experienced that rare and delightful ‘Ah-ha!’ moment, and I knew then…
SAICA’s National Small and Medium Practices Committee (NSMP) and the Accounting Practices Committee (APC) jointly conducted a survey in order to better serve and understand the financial reporting needs and reporting environment of small and micro entities. The objective of the survey was to solicit views from preparers, auditors, reviewers and advisors/consultants of small and…
Protection of Personal Information Act [B 9D – 2009] Approved by the National Assembly on 20 August 2013, after minor amendments proposed by the National Council of Provinces in 2012, the president signed the Protection of Personal Information Act (PoPI) and it became law on 26 November 2013. The Protection of Personal Information (PoPI) Act…