Upcoming new income tax legislation has dispensed with the hitherto "safe harbour" option available to provisional tax payers.
The Developing Nations Committee (DNC) of the International Federation of Accountants (IFAC) is poised to play an increased role in helping to enhance the accounting capacity of the world's developing nations.
A corollary to this strategy is a plan to help those nations streamline the manner in which they administer their economies.
SMEs and entrepreneurs should still rely on the services of small accounting firms despite changing business regulation.
Overregulation and the removal of the audit function for certain companies by new corporate legislation are serious threats to the continued existence of small audit and accounting firms.
Enhanced financial reporting, accountability and transparency in South Africa's public sector will soon be a reality.
That's as a result of the Minister of Finance's approval of the implementation date of 17 accrual-based public sector standards of Generally Recognised Accounting Standards (GRAP).
As many as 35% of South Africa's winning market analysts are chartered accountants [CAs(SA)].
This emerges from an analysis of the 2008 Financial Mail's special report, "Ranking the Analysts", published on May 30.
More than 70% of chartered accountants [CAs(SA)] registered with the South African Institute of Chartered Accountants (SAICA) practice in commerce and industry – the largest constituency of SAICA’s 27 047 members.
With the aim of addressing the constituency’s needs, SAICA recently hosted the inaugural SAICA Captains of Industry Gala Dinner and official launch of the Leadership Forum for its members in commerce and industry.
A recent analysis of the 2008 Financial Mail Special Report, "Ranking the Analysts" shows that 35% of the top ranked analysts in South Africa are CAs(SA).
The quest to increase the number of South Africa’s chartered accountants [CAs(SA)] – and, in particular, the relatively small number of African CAs (SA) – is on track.