The Joint Attorneys and Accountants Committee (JAAC) has dealt with a number of new initiatives and developments in the recent past. For the information of members certain of the major ones are summarised hereunder. The guidance document With the adoption of the International Standards on Auditing in 2005, the IRBA identified the need to issue…
Mervyn King speaks frankly about Sustainability Reporting Q: King III calls for an integrated sustainability report – what do you mean by “integrated”? It’s not necessarily about one report. We all know about the triple bottom line (TBL). In King III we initially dropped the words TBL in favour of the triple context, which later…
The Climate opportunity The past ten years have seen climate change explode on to the global agenda and, riding in its wake, a new order of regulations, legislation and compliance measures to which companies must adhere. Tightening regulations in energy efficiency, building and vehicle emission standards, waste regulations and greenhouse gas (GHG) reporting are all…
Good business journey Woolworths’ award winning sustainability strategy Woolworths’ Good business journey programme was launched in April 2007 as a formalisation of the existing Woolworths sustainability initiatives. The ‘Good business journey’ is a five year plan, changing the way we do business, and incorporating a series of challenging targets and commitments, centred on four key…
In as little as five years Social Networking has managed to invade our families, relationships, places of work and classrooms. On an almost daily basis, we are confronted with media reports warning against the risks associated with Social Networking sites. It is perhaps not surprising then that an American Management Association survey found that up…
How many accountants must wish that people, whether they be clients, staff or even relatives, could be the same as a computer – do what they are told to do, work without complaining 24/7 – especially at month end – and do not do mean things like resigning. The accounting profession is not alone in…
Warehousing and transporting goods for more than one principal presents challenges for logistics service providers. These challenges include: warehouse space allocation, use, load aggregation, as well as transport optimisation to name but a few. From a financial point of view, it is imperative to proportion aggregated cost to principals in order to understand and maintain…
eXtensible Business Reporting Language (“XBRL”) is changing the way in which the business world communicates financial information. By updating the way business and financial data is transferred and reported globally, XBRL is revolutionary in this process. XBRL is being developed by an international non-profit consortium of approximately 500 major companies, organisations and government agencies around…
ENTERPRISE & SOCIO-ECONOMIC DEVELOPMENT SOUTHERN REGION LAUNCHES WECARE PROJECT The weCAre project was launched by the South African Institute of chartered accountants (SAICA) in 2007 and is spearheaded by female chartered accountants. The mission of this project is making a significant difference in the lives of South African children. Noah’s Ark in Yeoville, Johannesburg, is…
ENTERPRISE & SOCIO-ECONOMIC DEVELOPMENT STELLENBOSCH THUTHUKA STUDENTS GIVE BACK During 2007, Stellenbosch University welcomed its first intake of 20 Thuthuka students, better known as the “Thuthuka-20”. In 2008, a further 29 students were added. The Stellenbosch Thuthuka programme focuses on Afrikaans speaking students from the coloured community. The students are all enrolled for the three-year…