ACCOUNTING APB APPROVES AMENDMENTS, IMPROVEMENTS, INTERPRETATIONS At its meeting on 1 August 2008, the Accounting Practices Board (APB) approved the following for issue as amendments, improvements or interpretations of Statements of GAAP: Amendments to IFRS 1(AC 138) − First-time Adoption of International Financial Reporting Standards and IAS 27(AC 132) – Consolidated and Separate Financial Statements:…
NEW TRAINING MODEL: CHANGING THE CHARTERED ACCOUNTANCY PROFESSION’S LANES A revolutionary new training model, designed to develop Chartered Accountants [CAs(SA)] armed with broad-based business skills, is being developed by The South African Institute of Chartered Accountants (SAICA) in consultation with our members. We have embarked on a journey to propose a new training model for…
Continuing Professional Development (CPD) has long been a requirement for most, if not all, professionals, including, for example, the medical profession. Just as it would be daunting to consult a heart surgeon with a stack of unopened medical journals on his coffee table, so too would it be daunting to place one’s faith in a…
THE CFO OF THE FUTURE : VIEWS OF JSE TOP 40 COMPANY CFO’s Over the past 50 years, the role of the Chief Financial Officer (CFO) has evolved to that of a strategic business partner who focuses on the creation of shareholder wealth. Recently SAICA embarked on a research project, targeting 40 CFOs of the…
SAICA & SARS Our advocacy and leadership role as an Institute is an integral part of our service offerings to members. We engage with each of our key stakeholders regularly on both strategic and operational levels. A case in point is our relationship with the South African Revenue Service (SARS). We have established a mutually…
Hierdie Keer is dit Anders In 2002 het die SA Reserwe Bank die repokoers vier keer verhoog met ‘n kumulatiewe 4% in ‘n kwessie van nege maande. Die prima rentekoers het vanaf 13% na 17% gestyg, met ander woorde met byna ‘n kwart. Maar daar was toentertyd geen resessie nie. BBP groei het hoogstens “wind…
Getting Real Estate on the Boardroom Agenda All businesses need real estate to operate from, be it leased or owned, large or small, specialised or generic. In many businesses real estate represents a large, if not the largest, component of assets and one of the longest term liabilities reflected in the company balance sheet. However,…
A Thought Leadership Issue Nothing much seems to have altered since Heraclitus was alive in sixth century AD and made many comments in respect of change, including the one that is the title of this article. Because, right now, change is the only given that anyone living in South Africa can expect on a daily…
Introduction On 27 June 2008 the Companies Bill was released for public comment. This article is based on that version of the Bill. The world has changed drastically since 1973 when the present Companies Act was passed. No longer can we allow those who abuse their power and rob innocent shareholders of their hard earned…
Executive Getaways Ambassador Hotel Now, I may be biased, but you’d be hard pressed to find a more beautiful city in the world. Cape Town and particularly the Atlantic coastline, boast some of the world’s loveliest skies, seas and surf. A popular destination for locals and international travellers, the area also hosts many sought after…