In this article we showcase how using analytical reviews can help accountants in confirming ‘fair presentation’ of information in the financial statements of clients. We explore the use of analytical reviews to assist accountants drafting accurate and transparent financial information in financial statements, helping accountants apply consistent accounting policies, and quickly identify discrepancies.

In this article we explore how small farmers in South Africa can simplify their financial management by adopting tax basis accounting, aligning their accounts to SARS requirements. Using an example, we show how market transactions and standard value inventory adjustments lead to efficient tax-ready financial statements.