Many accountants treat Section 10 like background noise, until a client changes their accounting treatment halfway through the year, or an old mistake resurfaces just before an audit. This section is not just about policies and paperwork. It’s where your judgement, compliance risk, and credibility collide. Whether you're correcting prior period errors, updating estimates, or defending your position during a SARS review, Section 10 is your foundation. Use it properly, and it becomes a billable tool. Ignore it, and it becomes a liability.

Group financial statements can feel overwhelming—like juggling family dynamics on paper. But Section 9 of the IFRS for SMEs makes it clearer than you think.

This article breaks down the key rules on when to prepare consolidated, separate, or combined statements, and what “control” really means in practice. For CIBA members, it's not just about compliance—it's about helping clients make sense of their business as a whole.