Accounting weekly

Nicolaas van Wyk

Accountants Have Benefited From Automation Since 3 000 BC. Why Should it Stop Now? 

Nicolaas van Wyk It’s a pity that in 1920 when archaeologists discovered 5 000 year old tablets along the Euphrates River in modern day Iraq, they didn’t speak to their accountant. The tablets and the strange symbols engraved on them would bemuse scientists for the next 50 years until an archaeologist eventually determined that they …

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SAIBA to host 2022 Accountant’s Climate and Sustainability Summit on 12 May 2022 

President Ramaphosa recently appointed a Climate Council. The Presidential Climate Commission is an independent, statutory, multi-stakeholder body. The establishment of the Council is in response to international developments and commitments to reduce emissions to net zero. These commitments, if followed through, will have dramatic effects on the economic and social systems in South Africa. For …

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Your neighbourhood is failing. It needs your accounting expertise to save it.  

Local government in South Africa is failing. According to the latest Auditor General report, only 19% of municipalities are in good financial health. The accounting situation at 25 municipalities is so bad that 25 didn’t even submit statements for auditing.  As accountants, we know that audits matter. A municipality with perpetually horrendous audit outcomes will …

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What does it mean to be “Professional” and why is CPD mandatory for Professionals?

Professionals like doctors, lawyers and accountants often receive special privileges in law. Only a doctor can treat patients or operate. Only lawyers can appear in court. Only auditors can audit financial statements and only accounting officers can issue independent review engagements. Why would society award professionals such exclusivity and what do they expect in return? …

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