The crucial role of accountants in protecting government money
The role of accountants, as exemplified by the Gauteng Enterprise Propeller vs. Amahlo Consulting Services CC case in South Africa, is central to maintaining the integrity of public funds. Accountants stand as indispensable guardians of public wealth, ensuring every transaction adheres to the highest standards of transparency and accountability. This case spotlights their pivotal role in not only preventing unlawful financial depletion but also in fostering trust and efficiency within public sector management.
Guiding SMEs toward sustainability: The crucial role of accountants
Discover how SMEs can integrate sustainability into their business strategies and operations with our 'Sustainability Reporting Considerations Checklist', based on IFAC's standards. Tackling environmental care, social responsibility, and governance, this checklist guides businesses to not only comply with sustainability standards but also paves the way for long-term resilience and success.
Understanding the G.U.D Holdings High Court ruling: A guide for accountants preparing financial statements
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.
The power of Intrinsic Motivation in ethical accounting leadership
Discover the power of intrinsic motivation in ethical accounting leadership. Learn how cultivating internal commitment fosters sustainable integrity and inspires genuine ethical behavior.
The impending dilemma: South Africa’s Interest rate and its ripple effect
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.
Navigating fiscal challenges: Implications for South Africa's finance sector and the role of accountants
Uncover the impact of South Africa's 2024 Budget on finance and economy and the role of accountants when navigating these uncertain times.
Simplifying auditing for Small Businesses: The ISA for LCE
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
Two-pot system effective date - 1 September 2024?
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.
Navigating the future: The transformative evolution of finance
Explore finance's evolving landscape & roles. Learn to embrace ESG, data-driven decisions & workplace changes for future readiness
Balancing numbers and ethics: Strengthening South Africa's financial integrity
Explore global ethical challenges impacting SA's financial integrity. Uncover the repercussions of ethical breaches & the need for a collective ethical ethos
Beneficial Ownership Disclosure: A key to trust and accountability
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.
What even is revenue? An academics search for clarity
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
How Dr. Audrey Legodi touches lives through academia
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.
Exclusive: IRBA CEO on new fines, future of MAFR, and comprehensive regulation
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.
Empowering communities through Financial Leadership: A glimpse into the CIBA National Roadshow
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.
Is the ACCA accreditation the start of widening the auditor pathway?
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.
A History of the Accountancy Profession in South Africa
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.
New IFRS sustainability standards: The tail sometimes needs to wag the dog
IFRS new sustainability standards were published earlier this week. Experts explain that, while not mandatory, there is a strong business case for using them.
New ISSB Standards is paving the way for Africa's economic transformation
Unlock Africa's economic potential with ISSB standards! Learn how responsible implementation balances sustainability and growth, driving infrastructure investment, innovation, and inclusive development.
What South Africa can learn from Namibia's leap forward in accounting regulation
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.