The IRBA’s Public Inspections Report 2019

In this article, we analyse the results of the IRBA’s Public Inspections Report 2019 against those reported in previous years, as well as against the International Forum of Independent Audit Regulators’ (IFIAR) Survey of Inspections Findings 2019. We also highlight success factors or recommended practices to be applied by firms in order to ensure the…

An overview of ISA 240, Part 1

Key messages from a webcast by Mario Fazekas are summarised in this two-part article series. Part 1 covers the history of the audit in terms of the responsibilities for the detection and prevention of fraud, the characteristics of fraud and an overview of a sceptical mindset while Part 2 will outline the eight steps that…

A view from women at the top

What is it like to be a female leader in today’s world? We asked some of South Africa’s high-profile women CAs(SA) what it takes to reach the top and what it’s like when you get there. As part of our 40 Years of Excellence, we are celebrating outstanding female leaders. It has long been said…

On strategy A masterclass in strategy

With a background in financial management and business valuations, I have always been intrigued by ‘strategy’, the thing that ultimately sets a company apart from the next and probably, together with strong leadership, the main driver behind sustained value creation. In a series of interviews, I will be exploring the different approaches of different business…

Public sector financial management must be professionalised

SAICA has noted with concern the Auditor-General’s report of the audit outcomes for local government, which showed that only 8% of municipalities received clean audits for the 2018/19 financial year despite R1,26 billion being spent on financial reporting consultants. The report revealed how vital strong internal controls, appropriately skilled people and ethical conduct by both…

Empowering finance staff with SAICA qualifications

BCX has started the process of empowering its team of 250 employees with professional accounting qualifications offered by SAICA. Information and communications technology giant BCX has begun to professionalise its finance team with the professional accounting designations of Associate General Accountant (AGA(SA)) and Accounting Technician (AT(SA)). Commenting on the decision to professionalise her finance team,…

The CA(SA) of tomorrow

The world is changing rapidly. Society is changing. Client needs and expectations are changing. New markets develop. The chartered accountant of days gone by is not the chartered accountant of today and won’t be the chartered accountant of tomorrow. Known for their technical competence, in a technology era, the chartered accountant of tomorrow needs a…

Viewpoints: Fresh start

Organisation Development, (OD) Consultant Writing feels refreshing and freeing. Re-entry from a significant time in our global history is creating many opportunities to redefine our collective paths, expectations of our chosen work and associated societal norms. Our insights come with huge responsibilities. As COVID-19 is spreading rapidly and affecting every facet of our lives, we…