INFLATION GONE WILD

The accounting dilemma facing Zimbabwe in the midst of severe limitations to financial reporting Recently Zimbabwe set several world records. Swimmer Kirsty Coventry set the world record in the 200m backstroke at the Beijing Olympics and broke her own record in Rome this year. Cricketer Charles Coventry equalled the highest individual ODI score with a…

SAICA NEWS – BOOK REVIEWS

In Review Name: The Black Swan Author:Nassim Nicholas Taleb Publisher: Penguin This book, first published in 2007, has already become a business classic. Nassim Nicholas Taleb was born in Lebanon and lived much of his childhood years through the Lebanese Civil War. These experiences caused him to view life and events in a very different…

AMAZING AMAZON…

So you call yourself an adventurer? Well, in training for our adventure, my wife and I faithfully did regular weekend hikes in our new hiking boots. Bring on the Amazon, Peru, Boliva, the four day Inca trail hike, and the Nazca lines! Our 18-day tour was going to be no walk in the park. Here…

CUSTOMS SIMPLIFIED

Customs and excise is not a subject that is covered in the Tax syllabus at University in Bachelor of Commerce degrees even less rarely covered in professional journals. Once qualified and working as a Finance Director, Manager or even a Tax Manager, you are now for the first time confronted by customs and excise issues.…

COMING TO TERMS WITH ISA 265

Communicating deficiencies in internal controls to those charged with governance and management (ISA 265) is a new International Standard on Auditing (ISA) that comes into effect, together with all the other clarified ISAs, for all audits of financial statements beginning on or after 15 December 2009. ISA 265 consists of a number of requirements that…