Recommend: Modernising public procurement management

Service delivery lies at the centre of all the spheres of government South Africa. Municipalities in particular are considered to be closest to citizens, providing key basic services. They achieve this obligation through the procuring of goods and services from suppliers in the private sector using practices that are guided by the Municipal Financial Management…

Recommend: What does the law say?

We look at an often-overlooked section of the Companies Act and its implications for directors of financially distressed companies Business rescue has been an integral part of the South African legal and restructuring landscape for more than a decade and has since its inception served as an effective means through which financially distressed companies may…

Recommend: Suzie’s sweater – Revenue recognition alternatives and the implication for faithful representation

Revenue is a crucial figure for all companies in all industries. It is used by management and investors as a key consideration in operating, strategic and investment decisions. Due to this, it is also often the target of financial and accounting fraud. This demonstrates the importance of getting the accounting right Accountants trained under IFRS…

Recommend: The SCALABILITY of ISA 315 (Revised 2019)

The ISA 315 (Revised 2019) application material includes scalability considerations which illustrate the application of its requirements to all entities regardless of whether their nature and circumstances are less complex or more complex. This article summarises all the relevant application material for ease of reference. SA 315 (Revised 2019), Identifying and Assessing the Risks of…