Transfer pricing is a key concern for revenue authorities as multinational companies aiming to fairly set prices across borders. In this article we look at South Africa’s approach through its tax laws and a pivotal court case. Learn about the essential strategies used to ensure businesses pay their fair share of taxes and adhere to international pricing standards.

A streamlined month-end close process is key to maintain accurate and reliable financial records. This article outlines the crucial steps involved, from data collection and account reconciliation to financial statement preparation. Enhance your finance team's ability to make informed decisions, meet deadlines, and prepare for audits effectively.

Read our latest article on how effective liquidity strategies, including managing cash, receivables, payables, and investments, can prevent financial crises and fuel business growth. Discover how to use liquidity ratios to evaluate financial stability and the role you can play in steering businesses toward success with CIBA’s handy guide.

In this article we look at internal controls through the lens of an accountant highlighting their role in ensuring robust financial management. Learn how these controls help protect assets, ensure the accuracy of financial statements, and uphold compliance with laws—key areas where accountants play a crucial role.

While Public Benefit Organizations (PBOs) enjoy some tax benefits they are not exempt from employees tax. Compliance with tax laws is paramount for the survival of nonprofits when it comes to registering with SARS, the Department of Labour, and the Compensation Fund, covering obligations like PAYE, UIF, and SDL. In this article we look at the requirements and what NPOs should consider.

Explore the evolving world of remote work when as look at how South Africa is planning to introduce digital nomad visas. How does the effort compare to countries like Portugal who managed to successfully adapt their immigration policies to attract global remote workers?

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.

Explore the differences in agricultural accounting with our article. Learn about effectively managing the differences in financial reporting of the agricultural sector including the valuation of biological assets. Learn what you need to know to expand your services into agricultural finance, ensure compliance and better reporting in farming operations.

This comprehensive guide explains the critical role of accountants in the processes of dividend distribution and independent reviews under contemporary corporate regulations. It covers the essential solvency and liquidity tests required before distributions, and details how accountants can navigate and enforce these standards to maintain corporate financial health and regulatory compliance.

Explore the essentials of IAS 24 on related party disclosures. Learn how you can ensure transparent and accurate financial reports by managing and disclosing relationships and transactions between related parties. This article offers practical tips and insights for compliance with financial reporting standards, ideal for professionals aiming to enhance their accounting practices.

Explore with us the critical role of accounting estimates in financial statements. Learn about methodologies, inherent challenges, and strategies for minimising uncertainties to achieve fair and reliable financial reporting, essential for accountants and auditors. Use CIBA’s handy template to document accounting estimates.

Explore the skills you need and steps you can take to lead clients and businesses towards sustainable practices while opening up new market opportunities.

Explore the importance of performance audits in South Africa’s public sector. Understand how these audits help ensure that government programs are efficient, effective, and equitable, and see real-world examples of their impact, including the case of South Africa's abandoned mines.

In this article we explore the importance of materiality in financial reporting, identifying the significance of financial information and how it impacts stakeholder decisions. We look at the concept of materiality and how it is used in the preparation of financial statements, ensuring clarity, relevance, and integrity of the information.

Discover key procedures for accountants to effectively manage Non-Compliance with Laws and Regulations (NOCLAR). This guide outlines crucial steps for identifying, addressing, and documenting NOCLAR issues, including discussions with management and when to involve authorities. Ideal for accountants aiming to uphold compliance and integrity within their practice.

Dive into the intricate details of the corruption scandal within the NLC and learn how trained, independent accountants can help protect funds intended for charitable causes. Despite challenges, a plan is in place to enhance transparency and accountability with the assistance of accountants.

Evaluating whether the client’s business is a going concern is a not always a straight forward task. In this article we give a practical overview on what to consider when preparing financial statements, including how to evaluate financial stability and accurately prepare financial statements in line with IFRS and the Companies Act.

Explore the key aspects of independent review engagements, their role in financial assurance, and the regulatory requirements in South Africa that affect how these reviews are conducted and who can perform them.

Under the Close Corporations Act 69 of 1984, every close corporation is required to appoint an accounting officer. This article guides you through the process of performing an accounting officer engagement and issuing an accounting officer report, ensuring compliance with the Act's stipulations.