A recent court ruling has highlighted the critical importance of full disclosure in financial statements, emphasizing transparency and legal obligations in financial reporting. This decision reinforces the need for businesses to accurately report financial information, including liabilities like underpayment of taxes. Accountants must now ensure strict compliance with these reinforced disclosure requirements, underscoring the role of transparency and integrity in corporate governance. This summary explores the ruling's impact on financial reporting practices.

Discover the power of intrinsic motivation in ethical accounting leadership. Learn how cultivating internal commitment fosters sustainable integrity and inspires genuine ethical behavior.

Explore the impact of South Africa's central bank decision to maintain interest rates on the financial sector. Learn strategies for accountants in navigating this landscape.

Uncover the impact of South Africa's 2024 Budget on finance and economy and the role of accountants when navigating these uncertain times.

Unveil the ISA for LCE, revolutionising auditing for small entities. Tailored for simplicity, it ensures trust in financial statements. Explore its impact, applicability, and resources at IAASB for a confident transition into this new era of auditing

Discussions with the National Treasury, SARS, FSCA, GEPF and the Government Pensions Administration Agency have indicated that the date proposed by the Minister of 1 September 2024 would be achievable.

Explore finance's evolving landscape & roles. Learn to embrace ESG, data-driven decisions & workplace changes for future readiness

Explore global ethical challenges impacting SA's financial integrity. Uncover the repercussions of ethical breaches & the need for a collective ethical ethos

Discover the crucial role of Beneficial ownership disclosure in South Africa’s compliance. Learn why it’s key for transparency, trust-building and combating financial crimes.

For the sake of improvement, Sapho Gwadiso pokes holes in technical accounting which the UCT lecturer believes is taken for granted. Gwadiso, who recently presented an award-winning paper at the South African Accounting Academy’s bi-annual conference, explains his philosophy

From humble beginnings to esteemed academic, Dr. Audrey Legodi shares how she overcame personal hurdles to influence the lives of the next generation of accounting professionals.

It’s been a busy year for IRBA, with MAFR, new fine limits, and a new audit pathway. CEO, Imre Nagy shares his perspective on what some see as controversial changes. 

The Chartered Institute for Business Accountants (CIBA) recently embarked on a transformative journey with its national roadshow. Learn more about the vision behind the roadshow, the highlights and many more.

You no longer need to be a CA(SA) to become a registered auditor. In a recent interview, Imre Nagy explains why ACCA was accredited and that this may only be the beginning. 

Explore the historical journey from the early stages of accounting systems to the period of structuring and the modern era, and gain insights into the profession's future prospects.

IFRS new sustainability standards were published earlier this week. Experts explain that, while not mandatory, there is a strong business case for using them. 

Unlock Africa's economic potential with ISSB standards! Learn how responsible implementation balances sustainability and growth, driving infrastructure investment, innovation, and inclusive development.

Namibia is close to comprehensively regulating both accountants and auditors, something which remains a pipedream in South Africa. Zaa Nashandi, from Namibia's audit regulator, explains the lessons they've learnt.

Audit partners and audit committee chairs often changed their negative views regarding Mandatory Audit Firm Rotation (MAFR) once they’ve implemented it, according to a recent study. However, the study also confirmed that costs of transitioning are high and cut into audit firms’ profitability. 

Following a court ruling, the IRBA CEO intends to reinstate obligatory audit firm rotation. Parliament requested that statute be amended. MAFR is not yet extinct.