These changes can be summarised as follows: Changes to the SAICA Code to align with the amendments made to Section 321: Second Opinions of the IRBA Code The changes include: The incorporation of practical and relevant guidance from Circular 01/2006, Giving Second Opinions (the Circular), issued by the IRBA’s Committee for Auditing Standards in November…
Evolving stakeholder needs The world is grappling with complex challenges such as climate change, the depletion of natural resources, technology disruptions and the impact of global pandemics like COVID-19. Traditionally, corporate reporting has been mainly centred on the financial performance of an entity. This is now evolving as stakeholders are interested in not only the…
Zahid and Zahida Fakey are both CAs(SA) and far from the typical couple. They have taken a unique journey to find their ultimate purpose in life and today we read about their extraordinary story. Last year, in Level 5 of lockdown, the opportunity to make a difference blatantly presented itself and they courageously launched #weFEEDsa…
The next normal A little bit more than a year ago our lives changes forever when our country went into full lockdown. People were talking about the ‘new normal’, while everyone was unsure what exactly that would entail. Fast forward to today, and there is still uncertainty about what is in store for us. In…
After making the tough decision to enter your company into business rescue protection, you are faced with making the most important decision for the business’ future success – who do I appoint as my business rescue practitioner (BRP)? Planning to enter business rescue It is well documented that the key to success in the business…
After attending a conference in Amsterdam, Kalene Smalberger had a lightbulb moment when she realised how great the need was for entrepreneurs to understand the basics of finance. She landed back in South Africa and has since launched various financial courses that are making an incredible difference, right from kids to entrepreneurs, on how to…
Auditors today are working in an exceptionally complex and ever-evolving industry. In an environment where there is pressure to add more value with fewer people and less time, auditors are challenged to discover more risks, audit more areas, and uncover fraud for their clients. Yesterday − ineffective audit planning methods Historically, audits have often been…
The digital transformation of the finance function has continued relentlessly throughout 2020. We’re already starting to see the paybacks from making small, incremental changes to financial workflows by adopting emerging technologies. The pandemic is accelerating the speed of change and catalysing more investment in end-to-end automation and remote working. Where will the digital transformation of…
As the global economy recovers from the impact of the pandemic, businesses have an opportunity to re-build with more socially and environmentally sustainable models. WWF South Africa has identified eight sustainability trends for businesses to watch and focus on in 2021. These are discussed below. Time to ‘build back better’ WWF South Africa is encouraging…
As unbelievable as it may be, we are well into 2021 and it doesn’t seem like life is going to slow down any time soon. But what if your new year’s goal was to try to reduce your stress this year, asks Helene Vermaak, business director at corporate cultural experts The Human Edge. ‘Motivation is…