BEE company has won the inaugural Accountancy SA Entrepreneurship competition.
Launched towards the end of last year, the competition aimed to demonstrate that, contrary to conventional wisdom, Chartered Accountants are quite capable of entrepreneurial flair.
The South African economy is in a sustained growth phase likely to continue for at least another three to four years.
That's highly positive for business, but it also creates difficulties, particularly shortages of skills.
A total of seven companies listed on the JSE Limited were referred to the South African Institute of Chartered Accountants (SAICA) for disciplinary action following investigation by the GAAP Monitoring Panel (GMP) during the past 18 months.
This brings to 30 the number of companies thus referred since the GMP was launched in September 2002.
A new section in the recently-promulgated Auditing Profession Act is placing auditors on a fender-bender path with their clients.
The section deals with what are termed "reportable irregularities".
Sir David Tweedie, Chairman of the International Accounting Standards Board (IASB), arrived in South Africa this week to address the significance for the South African economy of adopting and implementing International Financial Reporting Standards (IFRS).
He is overseeing the development of a single set of high quality global accounting standards (IFRS) to help participants and other stakeholders in capital markets make informed economic decisions.
Of the 25 545 CAs(SA) in the country, only 759 are black.
As part of its drive to qualify greater numbers of black African CAs(SA), the South African Institute of Chartered Accountants (SAICA) is to actively continue with endorsing its Training Outside Public Practice (TOPP) programme.
In a bid to fast-track the growth in the number of qualified Chartered Accountants, SAICA re-launched its Training Outside Public Practice (TOPP) initiative. The re-launch is intended to focus on the contribution of the TOPP programme to skills development and transformation in the accountancy profession.
The ongoing quest to grow the number of South Africa's chartered accountants - and, in particular, the relatively small number of black CAs (SA) - continues to bear fruit.
Pass rates among first time writers in 2006 (60,17%) compares favourably to pass rates among first time writers in the prior year (58,90%).
The Eastern, Central and Southern African Federation of Accountants (ECSAFA) has finalised a document designed to assist small and medium sized entities in preparing financial statements.
In a move aimed at enhancing confidence in the local accountancy profession, the South African Institute of Chartered Accountants (SAICA) has adopted the revised International Federation of Accountants' (IFAC) Code of Ethics for Professional Accountants. However, SAICA's Code has for some time been aligned with the international one.