How do you know when something is a big deal, and when it’s just noise? Every accountant faces that call, especially during reviews, reporting, or when a questionable director loan lands on your desk. That’s where materiality comes in. It helps you cut through the clutter, spot what really matters, and avoid wasting time on things that don’t move the needle. In this article, we break materiality down in simple terms, what it is, when to use it, and how to calculate it without overthinking it.

Deferred tax doesn’t have to be intimidating. By focusing on timing rather than technical rules, this article explains how income tax and deferred tax work together under IFRS for SMEs — and why deferred tax is less about compliance and more about telling the full financial story.

A Chart of Accounts isn’t an admin checklist — it’s the financial engine that drives profit, compliance, and credibility. Get it wrong, and your reports become chaos. Get it right, and you gain instant control, cleaner audits, and sharper business insights. Here’s how smart accountants turn the COA into a strategic advantage.

Think It Is Just One Business? Think Again.

Many SMEs unknowingly operate as part of a group — and by ignoring consolidated financials, they could be flying blind. This article looks at why even the smallest “groups” need a full financial picture to make smart decisions, attract funding, and avoid hidden risks. If you're only looking at one entity’s numbers, you're not seeing the whole story. Read below for more practical tips!

Think NPOs are too small to worry about accounting rules? Think again. Whether it's bursary funds, donor grants, or profits, every cent must be tracked and reported properly. Here's how to manage funding, income, and expenses the right way—without losing credibility, compliance, or your sanity.

Section 6 of the IFRS for SMEs gives you two options—and choosing the right one can save time, cut costs, and keep your clients out of SARS trouble. In this article, we break down when to use the full Statement of Changes in Equity and when you can simplify with a Statement of Income and Retained Earnings. It’s not just about compliance—it’s about working smarter, billing better, and proving your value.

The Companies Act of South Africa outlines specific requirements for financial reporting, determining when a company must be audited, undergo an independent review, or simply compile financial statements. These requirements are primarily based on a company’s Public Interest Score, its classification, and whether its financials are prepared internally or independently. Public companies, state-owned entities, and large private companies typically require audits, while mid-sized companies may only need an independent review. Small, owner-managed businesses often qualify for a basic financial compilation. Understanding these thresholds helps companies comply with regulatory requirements while ensuring appropriate levels of financial oversight.

Workers injured at work or who develop workplace-related illnesses have rights under South African law. This article explains how workers’ compensation works, the steps employees should take after an incident, and what employers need to do to comply. A practical example highlights how these processes apply in real life, making it a valuable resource for CIBA members. Read the full article to stay informed.