Our views in this article are to large extent based on our involvement in high-profile cases involving the prosecution of professional misconduct allegations levelled against auditors Several auditing and accounting scandals in recent years − most notably in relation to African Bank, Steinhoff and Tongaat Hulett − undoubtedly had a negative impact on the reputation…
There is a great need to change the way we approach the assessment of internal controls, which includes how we consider, find solutions and report on limitations and weaknesses in internal controls Those charged with governance have a key role to play in influencing this approach to enhance the manner in which management and assurance…
South Africa has adopted the co-regulation model for ensuring that the independence of the auditor is not impaired. While the legislative regime in the Auditing Profession Act 26 of 2005 (APA) has primacy, the auditor independence provisions contained in the Companies Act 71 of 2008 (Companies Act) play an important role in complementing the legislative…
According to PwC’s 24th Annual Global CEO Survey for 2021, CEOs were ‘extremely concerned’ about the spread of misinformation. At its core, misinformation reflects today’s historically low levels of trust. In order to protect stakeholder trust, boards must take a broader and more holistic approach in identifying and managing risk. One such approach to risk…
Or a Tongaat, an African Bank, an Eskom, an SAA − the list goes on. It is a question that should be top of mind of those who are employed and are seeking employment, those who have invested hard-earned money in banks and large corporations, and those who are saving for the future, as well…
Worldwide financial markets have been rocked in the past few years by corporate scandals and the very first question is: ‘Where was the auditor?’ However, the question should rather be: ‘Where were the guardians of governance?’ In performing an audit, the auditor is heavily reliant on the internal controls and governance implemented by the organisation.…
From humble beginnings to becoming the award-winning CEO of Henry Schein, Stanley Bergman, is an inspiration and the perfect example of success through dedication, creativity and hard work Stanley Bergman came to the United States in 1976, joined Henry Schein in 1980, and progressed to become CEO in 1989, when turnover was $200 million. Since…
Mining has played a material role in South Africa’s economic and social development and will continue to do so for many decades to come I am text block. Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo. As a…
CA(SA) trainee Thokozani Mazibuko speaks about how Thuthuka changed his life The individuals whose lives are touched by a comprehensive educational and support programme like SAICA’s Thuthuka bursary come from all over South Africa and have different backgrounds. Many of them, like Thokozani Nowgli Mazibuko (24), say that they were ‘always good with numbers’, but…
SAICA announced that 2 507 (2020: 2 149) candidates who wrote the first 2021 sitting of the Initial Test of Competence (ITC) in April had passed When it comes to education and training during the COVID-19 pandemic, the global consensus is that students are negatively affected by the challenges of studying remotely. Over and above…