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.
Study: Mandatory Audit Firm Rotation - it’s not so bad once you give it try
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.
IRBA may take the Mandatory Audit Firm Rotation fight to Parliament
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.
Dodgy accounting: What financial statements reveal (and hide) about political parties
The IEC now publishes political party financial statements. But does this increase transparency if information about two-thirds of the funding parties receive is missing?
Cholera shouldn’t surprise us after terrible municipal audit outcomes
Extreme maintenance underspend, including on water infrastructure, a lack of basic accounting controls and persistently bad audit results. The latest Auditor General report shows that cholera outbreaks are to be expected.
Meeting the US Accounting Shortage: A Southern African Solution
The US accounting shortage can be addressed by outsourcing accounting and auditing tasks to highly skilled South African professionals. With language proficiency, global business understanding, and expertise in accounting and tax fundamentals, South African accountants offer a cost-effective solution, scalability, and round-the-clock support, benefiting both nations' economies.
IRBA wants a super regulator for accountants and auditors
IRBA’s CEO wants to implement a 2013 World Bank recommendation to regulate professional accounting bodies and is prepared to serve as this super regulator. The auditor general disagrees and believes more collaboration is needed.
Accountants: You might be doing too much
Many accountants, driven by high standards and a desire for perfection, often impose unrealistic auditing-level requirements on entities that are ill-prepared to meet them.
Are your clients outgrowing your accounting practice? It’s time for backup
Stefan Olivier has nurtured his accounting firm Profinan Services, and its clients for almost two decades. Recently, some clients have grown large enough to require audits and complex technical assistance.
Faced with the choice of losing these clients to larger firms or undertaking risky expansion, Stefan found a third option.
Auditor slapped with R4,9 million in costs and R200k fine for Eskom audit
Managing director of SNG Grant Thornton admitted guilt in disciplinary charges related to the 2016 Eskom audit. This after Minister Pravin Gordhan wrote to IRBA.
Beni-fishy-al ownership: Exclusive CIPC Commissioner interview
In an exclusive interview, CIPC commissioner Rory Voller breaks down the newly enacted beneficial ownership register for companies and what it means for accountants.