Manage your Practice: ISQM 1: Monitoring and Remediation

ISQM 11, ISQM 22 and ISA 220 (Revised)3 come into effect on 15 December 2022. These standards are expected to have a significant impact on all firms that perform engagements in accordance with the IAASB standards. The South African Institute of Chartered Accountants (SAICA), in collaboration with the Pan African Federation of Accountants (PAFA) and…

Feature: APC candidates’ pass rates lauded

AGSA celebrating its successful contribution to a transformative and professional accounting pipeline. When the results of the 2021 Assessment of Professional Competence (APC) examinations were announced, the Auditor-General South Africa (AGSA) was thrilled to celebrate with their 309 candidates in their success. The success of the APC candidates from AGSA improved significantly, with the pass…

Feature: Africa’s moment: Becoming a global economic powerhouse

How Africa’s youth and natural resources can drive the continent’s global economic and social leadership. Africa is facing a turning-point opportunity to become a global economic powerhouse. With its burgeoning youth population and abundance of natural resources, the continent has two primary elements that can help move its economies from being largely export-focused to a…

Feature: Addressing cyber security

KPMG Africa recently launched the Africa Cyber Security Outlook 2022 survey, which unpacks the state of cybersecurity across the continent. The latest survey draws insights from 300 respondents from across Africa (East, West and Southern Africa), spanning various industries from both large (44%) and small-to-medium enterprises. It explores the nature of cyber challenges faced by…

Feature: A hot debate of accounting for cryptocurrencies

The emergence of cryptocurrencies attracted attention from entities and investors across the globe in recent years. But what type of asset are cryptocurrencies? There is diversity in respect of the accounting treatment of cryptocurrencies because of the differing interpretations and application of the current accounting guidance in International Financial Reporting Standards (IFRS). Furthermore, the International…