Given the clandestine and secretive nature of cartel conduct, the onus placed on the ‘passive participant’ implies that it is not sufficient to merely distance oneself from the cartel conduct within the clandestine setting of a secretive meeting. One would need to actively spotlight the conduct by publicly exposing it and preferably advising the Competition…
Subsequent to the board meeting held in December 2017, the Data Analytics Working Group (DAWG) of the International Auditing and Assurance Standards Board (IAASB) issued a feedback statement to inform stakeholders of the key messages received in response to their outreach activities. This article provides an overview of this feedback statement In September 2016, the…
Cyberattacks like WannaCry, the ransomware worm that spread rapidly across a number of computer networks, has put serious cybercrime on the radar of South African companies. It’s an ever-evolving, exciting, in-demand field that has attracted CA(SA) Jordaan Burger. He offers some insights into this intriguing world Every year brings new IT security breaches, but 2017…
In November 2017, 2 703 aspiring South African chartered accountants (CAs(SA)) sat down to write their final professional examination, the Assessment Professional Competence (APC), with great expectations. Today, the South African Institute of Chartered Accountants (SAICA) is delighted to announce that 2 168 candidates (80%) passed this final qualification hurdle For successful candidates, passing the…
Angela Pretorius loves everything about her life in Cayman. Traffic jams are rare with commuting to your destination never taking too long, leaving you with more time to enjoy your free time. Angela describes the weather as ‘nice all year round’ with an array of activities for everyone to participate in – walking on the…
The mistaken rap on this kind of ‘social’ investment is that returns are weak and realising them takes too long With the fraying contract between society and business an urgent priority, many companies and banks are eager to find investments that generate business and social returns. One avenue is ‘impact investing’, directing capital to enterprises…
Read the April issue in the format of your choice, click below: Read the mobile version here Read the desktop/tablet version here Download the PDF here EDITORIAL: Adapt or become irrelevant In a world where everything seems to become more digital, it is not disputed anymore that technological change has repeatedly reshaped the workplace. And the…
Nick Wilkinson’s career reads like a ‘how to make it big in Africa’ story. The multi-award-winning olive oil maker first spent 20 years working for international corporate agricultural businesses, turning near bankrupt agribusinesses into profitable operations. In one venture he created opportunities for 150 000 small-scale cotton farmers in Zambia, supporting 1,5 million livelihoods. This…
The International Standard on Auditing (ISA) 720 (Revised), The Auditor’s Responsibilities Relating to Other Information, is effective for audits of financial statements for periods ending on or after 15 December 2016. What does this mean for an auditor, you may ask? While keeping the possible impact on the auditor’s report at the back of your…
To compete at the speed of digital, you need to unleash your strategy, your structure, and your people Congratulations! Your organisation is performing at or near the top of its game, or it has been in the recent past. Perhaps even better, you have a strategy to improve in the near future. Now for the…