This article examines the crucial role of accountants and bookkeepers in upholding ethical standards and accurate record-keeping to prevent fraud, using a recent case involving a Kimberley accounting firm and the National Lotteries Commission (NLC) as a focal point. It highlights the importance of adherence to the IESBA Code, good record-keeping practices, and the need for vigilance in client selection to maintain the integrity of financial transactions and protect community funds.

Dive into the core of the South African Schools Act (SASA) of 1996 with our latest article. Unpack how SASA shapes the governance and financial management of public schools, ensuring inclusivity and quality education for all. From School Governing Bodies' responsibilities to the nuances of financial audits and reviews, learn about the varied provincial interpretations and expert recommendations for compliance. An essential read for anyone involved in South Africa's education sector.

This article delves into the complexities of a dispute between BP and the South African Revenue Service (SARS) concerning the exportation of fuel and the associated refunds under the Drawback of Customs and Excise Duties Scheme (DAS). This case illuminates critical points about compliance, documentation, and the burden of proof in tax matters.

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.

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.

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.