Technology is taking over some routine tax and accounting tasks. This means accountants now need to make the move to trusted business advisors. William Reeb and Dominic Cingoranelli asked an important question in their book Becoming a trusted business advisor: how to add value, improve client loyalty, and increase profits, namely if accountants can name…
Kevin Phillips CA(SA) is CEO of IDU Group As the first wave of the COVID-19 crisis begins to recede and lockdown measures ease, it’s becoming clear that we can no longer expect to “go back to normal”. Just as a flood sometimes permanently changes the course of a river, so the pandemic has shifted the…
Ignatius Sehoole KPMG CEO calls for strengthening of South Africa’s CA pipeline KPMG South Africa CEO Ignatius Sehoole has called for more vigilance than ever in South Africa’s accounting sector, as the Covid-19 crisis poses a unique challenge to the business environment. He calls on the South African Institute of Chartered Accountants (Saica) to aid…
SAICA Business Emergency Room The COVID-19 pandemic has brought about a number of changes and difficulties to the business world, to the extent that many businesses are in distress or even on the brink of business rescue. The SAICA Business Emergency Room will offer businesses support through access to a panel of business advisory experts.…
The Brydon Review This is the second of our series of articles on audit reform. SAICA encourages all those affected to be proactive in any discussions on audit reform. This will allow the profession to avoid a scenario where lawmakers make changes that will have undesired and unintended consequences, all in the name of being…
The effective release date of the Estate Agency Affairs Act 112 of 1976 (EAAA) clearly indicates that it was outdated. There has been significant change in economies, business laws and regulations, banking and other industries in the last 43 years and the revision of this legislation could be said to be long overdue. The Property…
This article highlights some of the key challenges in the auditing profession as well as some of the international developments that are taking place to address these challenges. The focus on COVID-19 should not divert attention from audit reform discussions that were aimed at enhancing audit quality as this could hamper the progress that was…
Most auditors welcome the opportunity to assist their clients in implementing new financial reporting requirements. But while a certain measure of assistance may be reasonable, auditors need to be mindful that there will be a stage where the auditor has provided so much input into the process that by the time they audit the results,…
Tawanda Mubvumbi CA(SA) shares how his Toastmaster journey has turned him from a shy public speaker to someone who will now confidently step up to the stage to have his say at any given opportunity. Roscoe Drummond once said: ‘The mind is a wonderful thing. It starts working the minute you are born and never…
Like an earthquake, in its wake the COVID-19 crisis will result in aftershocks that will permanently reshape the world. It’s also a defining moment for humanity in which we can look further into the distance to imagine what the world may be like in the coming weeks and months, and perhaps see a turning point…