Recent updates to the International Code of Ethics for Professional Accountants bring critical changes for every accountant. These changes, including redefining engagement teams, ending the Long Association Rule, and expanding definitions related to Public Interest Entities (PIEs), along with new technology guidelines, are essential for trust in financial reporting. This article explores these updates, helping you navigate the evolving ethical landscape and maintain your professional integrity.

Succession planning secures SME’s future by ensuring smooth leadership transitions and preserving what you've built. Business accountants play a crucial role in managing finances & taxes during this process, while leveraging external expertise strengthens your plan. With a solid succession strategy, you protect your business, support your team, providing client confidence in your continued success

As an accountant, your expertise in numbers and regulations is vital, but don't overlook the power of strong client relationships. Trust, personalised service, effective communication, and reliability are key to client satisfaction and your practice's growth. By being transparent, tailoring advice, and consistently delivering quality, you build trust and loyalty. Adding value through strategic planning, regular check-ins, and proactive advice further enhances your role as a trusted advisor. Prioritise professionalism and integrity to foster long-term partnerships that drive sustained success for both your clients and your practice

As a Business Accountant in Practice (BAP(SA)) with CIBA, it's important to know how to sign off annual financial statements correctly. This article explains the different ways you can approve these documents, ensuring compliance and professionalism. Dive in to learn the steps for sole practitioners, partnerships, and more, and keep your practice on track. Read the full article to get all the details and make sure you're doing it right.

In a world where integrity often battles deception, how do business accountants in South Africa safeguard their practices? Dive into our latest article where we unravel the crucial interplay between ethical practices and fraud prevention. Learn from recent high-profile cases and discover actionable strategies that can fortify your business against financial malfeasance.

CIBA Business Accountants in Practice (BAP(SA)s) can now commission documents online. The virtual commissioning process uses video calls and electronic signatures, confirmed legal by recent court rulings. We look at what steps need to be followed when commissioning documents online.

In our challenging economy, more companies are entering business rescue, presenting accountants with opportunities to expand their roles as business rescue practitioners. We look at how accountants can apply their expertise in helping distressed companies like Ellies, West Pack, and AutoZone avoid insolvency, providing both professional growth and a chance to significantly impact the economy.

How can you go about boosting your accounting practice? Read our practical tips on how to attract clients and thrive in a competitive market creating strategies tailored for you.

Explore opportunities to guide clients through vital business transformations with CIBA's handy guide. With vast majority of executives agree on the need for a shift in business models, the PwC Pulse Survey emphasises the need for urgent reinvention. How can accountants leverage their expertise to help clients adapt?

Discover how GPT-4 and Chain-of-Thought prompting transform accounting practices. Learn from key insights on AI's ability to predict earnings, streamline financial analysis, and integrate complex tax laws, offering a step-by-step guide for both small and large firms.

Explore how accounting firms handle errors, compliance, and risk management to cultivate a proactive quality culture. This discussion focuses on how small to medium-sized firms can establish a streamlined Quality Management System (QMS) in line with ISQM 1. This approach ensures they deliver consistently high-quality services that not only meet but exceed client expectations and adhere to the highest ethical standards.

Artificial intelligence (AI) is making a big splash, introducing new tools that help make accountants' jobs easier and more efficient. From helping with tax returns using tools like Tax on Demand and Tax Terrapin to making office work smoother with Pixie and Karbon, these AI innovations are transforming the way accountants do their work.

In this article we explore the impact of Artificial Intelligence (AI) on the accounting industry looking at positive and negative effects. We look at the dual role of AI in both facilitating and combating fraud, including the generation of realistic deepfakes and the automation of phishing schemes, alongside strategies for using AI to bolster security and maintain integrity in financial transactions.

Learn how to handle third-party verification requests with our comprehensive guide for accountants. This article offers practical advice on providing accurate information, understanding different types of confirmation requests, and obtaining necessary client consent. It also outlines important dos and don'ts to ensure you maintain professionalism and protect your clients' interests effectively.

Explore the latest pricing strategies for accountants in South Africa with our comprehensive guide. Learn how to implement fixed fees, monthly retainers, value-based pricing, and understand the legal aspects of contingent pricing.

As the 18 months grace period is nearing for new Accountable Institutions (AIs) it is crucial to ensure full compliance with the amended Financial Intelligence Centre Act (FIC Act). This series begins by identifying which entities, including advocates, crypto service providers, and high-value goods dealers, must now register as AIs.

In this article we look at how the revised anti-corruption legislation can now hold companies criminally liable for failing to prevent corruption. This guide covers the new obligations for companies, the importance of robust anti-corruption measures, especially with third-party consultants and contractors, and the global implications for South Africa's standing with the Financial Action Task Force

Explore the transformative benefits of a time recording system as we discuss how it can boost productivity of an accounting practice, assist in managing staff and facilitates precise billing. Learn about how to set up your system, selecting the right tools and utilising timesheet reports for improved decision-making and streamlined business operations.

Explore the crucial role of working papers in accounting for accurate, transparent financial reporting. Learn how they help keep financial statements error-free and provide a solid defense during audits. Our guide covers the essentials of working papers, from recording steps to backing up claims, and details on cross-referencing and the use of tick marks for efficient review processes.

Find out how accountants can master the art of compiling financial reports with a deep understanding of clients' businesses, industry standards, in compliance with legal requirements like the Companies Act and FRS for SMEs. Gain insights into transforming client data into accurate financial statements and offering strategic advice for informed decision-making. Find a handy checklist that you can use to document your work.