Darrel Scott discusses the long heralded, yet much delayed, IFRS 9: the International Accounting Standards Board’s longer-term answer to the lessons learned from the financial crises of 2008 At its February meeting, the International Accounting Standards Board (IASB) tentatively decided that the mandatory effective date of IFRS 9 Financial instruments will be for annual periods…
“A massive percentage of professional sportsmen go insolvent within five years of their professional retirement.” A massive percentage of professional sportsmen go insolvent within five years of their professional retirement. Of course, rock stars and celebrity actors seldom wait for retirement before blowing their fortunes too. The apparent reason is lifestyle – but the real…
Yusuf Dukander highlights key technical, regulatory and industry dashboards impacting financial institutions in South Africa and globally IFRS 9 FINANCIAL INSTRUMENTS PROJECT (REPLACEMENT OF IAS 39) The IASB recently issued a discussion paper for macro hedging, separate to its amendments to hedge accounting which was added to IFRS 9 in November 2013 making three important…
At last, a uniform structure for listed property assets, comments Craig Miller on the official introduction of the South African REIT structure on 1 May this year The real estate investment trust (REIT) is an international standard that permits investors to invest in property assets through a vehicle which largely provides for tax transparent treatment.…
“Few things can help an individual more than to place responsibility on him, and to let him know that you trust him.” Booker T Washington While watching runners race around a track recently, I was struck by the burst of energy with which they sprinted from the start, and then again by the sudden spurt…
2014 Anti-Bribery and Corruption Survey ENSafrica recently conducted an extensive anti-bribery and corruption survey among their clients to gauge perceptions regarding corruption threats, as well as the levels of anti-bribery compliance amongst corporates in South Africa. The results are staggering! Nearly 50 per cent of companies feel they are highly exposed to bribery in Africa.…
“With much fanfare, integrated reporting <IR> was launched as the next big thing for companies. ” With much fanfare, integrated reporting <IR> was launched as the next big thing for companies. <IR> is intended to supplant the glossy and cumbersome annual reports of yore by illuminating exactly what makes companies tick so that investors are…
When last did an economist’s weighty 700-page tome shoot to the top of the Amazon and New York Times bestseller lists overnight? Why is Thomas Piketty, a hitherto unknown French academic, being mobbed like a rock star when he appears in public? Strange days indeed … especially as Capital in the twenty-first century is apparently…
I am a father, my biggest reward and hardest responsibility. As a professional coach I’m aware of what is lacking and constantly in process; strategising and implementing essentials to equip my kids to have everything they need for tomorrow. I need to raise confident, creative, self-sufficient, caring and balanced individuals to be great future partners,…
SAICA started the exciting journey of making sure that future CAs(SA) remain relevant back in 2006. The following is a summary of the significant changes made so far in respect of the qualification process over the last few years: Review of the future of the CA(SA) Development and introduction of a competency framework for CAs(SA)…