The Minister of Finance (together with his team) has had a tough time coming up with suitable proposals in the face of the overwhelming iceberg that looms ahead. However, SAICA agrees with the Minister that all is not lost and we have overcome before. We know what the challenges are; it just requires political will…
DetailsIn the 40 years since the founding of the South African Institute of Chartered Accountants (SAICA), much has transpired for the profession worldwide. SAICA was already functioning and influencing major changes to the profession in the middle 1990s when a united South Africa emerged under Nelson Mandela as President. Yet, it also becomes clear that…
DetailsOne Young World, Chartered Accountants Worldwide and SAICA launched Finbiz2030, an initiative to unite and mobilise the finance and business community to achieve the Sustainable Development Goals (SDGs) by 2030. The launch was be held at Investec, in Sandton on 6 February 2020 with participation of professionals with finance and business skills across industries. ‘If…
DetailsDo you know what statutory receivables are and how to account for them? GRAP 108 on Statutory Receivables issued by the ASB is effective from 1 April 2019. This means that entities that apply standards of GRAP need to consider the standard in preparing their financial statements for 31 March 2020 or 30 June 2020.…
DetailsThis article provides an overview of the objectives of the International Auditing and Assurance Standards Board’s project to revise extant ISA 315 (Revised) and changes that auditors can expect to see International Standard on Auditing (ISA) 315 (Revised 2019), Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and its Environment (ISA…
DetailsSAICA has proudly piloted an innovative mentoring programme for newly qualified CAs(SA) in order to support and enhance their growth and development. This year a core group of volunteer SAICA members who took an active part in the pilot programme are leading the introduction of the next round of the programme When we come across…
DetailsTax SpecialistValue added tax (VAT) on imported goods is paid by the person importing the goods into South Africa. VAT on imported goods is collected by customs before clearing the goods into South Africa. VAT on imported services is paid by the person importing the services into South Africa, only to the extent these services…
DetailsEmpowers Equips EducatesTo quote an author by the name of Howard Thurman: ‘Don’t ask what the world needs. Ask what makes you come alive and go do it. Because what the world needs is people who have come alive’ Wadzanai Mabuto CA(SA) Senior Lecturer at the Department of Accounting at UJ A couple of months…
DetailsPublic Speaking TrainerYour audience knows more about you and your subject than you may think. Content can be Googled, cross-checked, and verified before, during, and after your speech delivery. If you are active on social media, your personal life is public. Enter the ethical speaker Dineshrie Pillay CA(SA) Business Owner and Public Speaking Trainer Ethical…
DetailsLeadership AdvisorA little boy steals a pencil at school. His teacher phones his father who promises to deal with the matter. ‘Why did you take the pencil?’ he asks. ‘You know that there are hundreds of pencils at daddy’s work. Just ask and I’ll bring you as many as you need’ Brett Tromp CA(SA) CFO…
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