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.…
Starting to invest as early as possible, and as much as possible, is one of the best decisions you can make to optimise your wealth creation. This month five experts – all women, of course – will cover topics right from starting with a simple, sound investment approach to tapping into a multi-billion-dollar investment industry.…
SAICA’s Gugu Makhanya admits that the COVID-19 pandemic has the potential to wreak havoc on South Africa’s attempts to achieve quality education; an ideal encapsulated by UN Sustainable Development Goal 4. This is especially true for students at HDIs, which serve South Africa’s poorer areas. While universities did their utmost to ensure equitable access to…
Recruiting newly qualified chartered accountants is an important and challenging process. More than merely looking for skills, you also have to assess candidates’ potential for development and cultural fit in your organisation When recruiting new CAs(SA), you have to get to know each individual’s personality, likes and dislikes, talents and skills. It’s an important decision…
Understanding the dynamics of training offices is important to ensure the spread of incorrect information regarding training opportunities are addressed and to ensure prospective trainees are informed about the industry they are about to enter. I often hear prospective trainees saying, ‘I just want a training contract’, and yes, I was there too. Knowing what…
What is this ‘learning environment’ everybody is talking about? This can be quite confusing: in most cases you walk into a training office as a young, impressionable trainee who is excited to be earning your first salary. You know you are about to embark on a journey to become a CA(SA), but you don’t really…