Since adopting the Standards of Generally Recognised Accounting Practice (GRAP) on impairment of assets, stakeholders shared practical challenges on the application of those standards with the Accounting Standards Board. This article discusses these challenges and steps taken by the board to respond to those challenges GRAP 21, Impairment Non-Cash-Generating Assets, and GRAP 26, Impairment of…
Challenges are being faced in the implementation of the new auditor’s report. Here are some tips gleaned from auditors’ initial experiences The most prominent change in the auditor’s report under the new and revised auditor reporting standards is the communication of key audit matters (KAM), which provides more entity-specific and audit-specific information to the users…
These seven incredible ladies are all leaders in their own right who are striving to help our country become a better place in their own authentic way. Not all of them were born with the proverbial silver spoon in their mouths – some even had to deal with the tragic death of their parents. But…
On 9 August 1956, around 20 000 women of all races marched to the Union Buildings to protest laws which restricted the movement of black people in the country. Since 1995, this march has been celebrated in South Africa as Women’s Day to recognise the significant role that women played in the struggle for freedom…
Being financially independent means different things to different people. For many it refers to people who are able to completely support themselves financially, without the help of outside parties, including family, friends or partners. With August being Women’s Month, I want to encourage women to take control of their financial future and not rely on…
Jean Stephens is CEO of RSM – a global network of independent audit, tax and consulting firms with offices in 120 countries. Jean was born and studied in the US and is a certified public accountant with a Master’s in Finance. She shares her journey with us My journey as CEO – and without a…
VW’s Passat has always been in the shadow of the Audi A4, but the latest version of the Passat seems to be breaking away from that mould. To start, the front of the Passat is unmistakably VW, with its new striking chrome grill that seems to fade into the lights. The new headlights look edgy…
How will the maturation of data science combined with advancements in artificial intelligence revolutionise the role of the CA(SA)? Sven Wüsthoff unpacks technology imperatives for you BACK TO THE FUTURE Whenever someone talks about robots taking over the world, most people chuckle quietly to themselves and dismiss the notion in its entirety as politely absurd…
Beyond phenomenal These are the game-changers, the out of the ordinary under 35 CAs(SA) for 2017 DYLAN WUTH (35), DIRECTOR OF IKHWEZI FOODS T/A TRADESTAR Describe yourself in a few words. I live life to the fullest. Your favourite hobby? Deep sea kayak fishing. The greatest lesson learnt in your lifetime? Monetary success is as…
Section 12H of the Income Tax Act 58 of 1962 grants an allowance to employers in respect of ‘registered learnership agreements’. A registered learnership agreement is defined as one which is registered in accordance with the Skills Development Act 1998 and is entered into between a learner and an employer before a date specified in…