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IT as a Key Audit Matter

Information technology is an integral component of most organisations’ business operations, with individuals and societies placing ever-increased...

CPD: New Technologies set to Power and Audit

More data was produced in 2017 than in the previous 5 000 years of humanity.

CPD: Professional Scepticism and Fraud

The will and dedication of most people working in organisations will ensure a mindset that values professional scepticism, as a key audit...

New CIPC reporting – mandate to benefit the digital economy

South Africa will soon join the league of around 70 countries who have implemented the XBRL reporting standard. In fact, almost all the major...

ISA 540 (Revised) – Key concepts and changes

The International Standard on Auditing (ISA) 540 (Revised)1 was approved by the International Audit and Assurance Standards Board (IAASB) during their June 2018 meeting...

Back to basics – external confirmations from financial institutions

Often, first-year trainee accountants are asked by their seniors or managers to obtain an external confirmation (commonly referred to as a bank confirmation), as...

Transparency reporting – A health check

Current levels of fraud and corruption in South Africa have resulted in calls for greater transparency and accountability by businesses. Transparency reporting is an...

Fraud – an occupational hazard

Fraud and corruption is real and results in actual financial loss to entities. It is important for all parties involved in the conduct of...

Recommend: Accountability continues to fail in local government says Auditor-General

The Auditor-General (AG) released the general report on the 2016/17 MFMA audit outcomes in May 2018. The report indicates an overall regression compared to...

Recommend: Responses to the Monitoring Group Consultation Paper and SAICA’s views

This article provides an overview of the quantitative analysis of responses to the Monitoring Group Consultation Paper as presented in the Gibson Dunn Report...