Eszter Rapanos Eszter Rapanos

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.

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Eszter Rapanos Eszter Rapanos

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.

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Eszter Rapanos Eszter Rapanos

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.

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Staff Writer Staff Writer

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

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Joon Chong, Partner & Nicolette van Vuuren, Senior Associate from Webber Wentzel Joon Chong, Partner & Nicolette van Vuuren, Senior Associate from Webber Wentzel

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.

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Leigh Schaller Leigh Schaller

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

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