The traditional model of the leader-hero who saves the day, knows it all and is often driven by power, fame, glory or money is no longer appropriate. People today expect a different kind of leader. While every company should formulate its own approach to leadership, here’s the philosophy deployed by a leading company as part…
There are unwritten rules about the emotions you’re expected to show at work. These implicit ’feeling rules’ are so embedded in an organisation’s social fabric that we rarely notice them. However, there are times when there’s a conflict between how you feel and the emotions you’re expected to display. So how do you decide when…
Forbes has identified ‘AI everywhere’ as a top technology trend for 2023 and beyond. As you may have witnessed in the past few months, developments by OpenAI’s ChatGPT are bringing this to reality, with generative AI set to change the way people and business do things. ‘AI everywhere’ refers to the integration of artificial intelligence…
Monique Verduyn asked three CAs(SA) to share their thoughts on the year ahead. 2022 was a year marked by local and global crises. War returned to Europe with its attendant humanitarian disasters, the US policy of strategic engagement with China came to a halt, protests rocked Iran, and extreme weather events became commonplace. South Africa’s…
It’s been called ‘the silent pandemic’: the growing prevalence of mental ill-health, which has been following an upward trajectory since the remote working and social distancing policies that were implemented to keep COVID-19 at bay heightened our sense of anxiety and isolation. Difficult as it was to adapt to these unfamiliar circumstances, the move to…
The advent of Fourth Industrial Revolution (4IR) technologies has presented both clients and auditors with massive opportunities and challenges which, if fully embraced, can completely change the face of the audit experience for both client and auditor. Much has been said about the 4IR and its disruptive impact on many industries, including the accountancy sector.…
In the current economic environment, there are various reasons why small and medium enterprises (SMEs) would require an audit of their annual financial statements. An audit could be required by law in terms of the Companies Act of South Africa, the company’s memorandum of incorporation, the bank during an application for funding, potential investors, or…
The idea of splitting the auditing and non-auditing (consulting/advisory) businesses of firms was mentioned in a report by a United Kingdom Parliamentary Committee following the collapse of Carillion in January 2020. The UK regulator (the Financial Reporting Council, FRC) later asked the largest UK firms to operationally split up their auditing and non-auditing businesses by…
Does the current model of the traditional regulatory and statutory audit still make sense in the changing business context? These audits performed by independent and external auditors in line with relevant laws and regulations, require the auditee to submit a set of reporting information, and the auditor to produce their report annually in line with…
Running your own business is not easy, and certainly not for the faint of heart − especially when it is necessary to implement new requirements. Will there ever be an ideal time? For any business to be successful, it must be managed properly. No matter what goods or services you provide, they must be of…