News Articles and Press & media releases

SAICA congratulates Tsakani Maluleke on being appointed as the new Auditor General for South Africa
SAICA congratulates Tsakani Maluleke on being appointed as the new Auditor General for South Africa
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Johannesburg, 23 November 2020 – The South African Institute of Chartered Accountants (SAICA) congratulates Ms. Tsakani Maluleke who has been appointed by President Cyril Ramaphosa as the new Auditor General for South Africa.
Chartered Accountants Worldwide Network USA launches
Chartered Accountants Worldwide Network USA launches
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Johannesburg, 20 November 2020 – On 19 November 2020 ACAUS (The Association of Chartered Accountants USA) and Chartered Accountants Worldwide (CAW) joined together to form Chartered Accountants Worldwide Network USA to provide support and connect over 7 000 chartered accountants who are living and working in the USA.
The concept of materiality and the need to embrace it
The concept of materiality and the need to embrace it
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Johannesburg, 16 November 2020 - The concept of materiality is one of the most fundamental and significant concepts within the financial and corporate reporting ecosystem, writes Milton Segal, Senior Executive for Corporate Reporting at SAICA.
SAICA honours the late Mr. Kimi Makwetu
SAICA honours the late Mr. Kimi Makwetu
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Johannesburg, 11 November 2020 – It was with deep sadness that the South African Institute of Chartered Accountants (SAICA) heard of the passing of Mr. Kimi Makwetu, the outgoing Auditor-General of South Africa (AGSA) and a respected chartered accountant for many years.
MTBPS – The iceberg is in sight: are we on the right course?
MTBPS – The iceberg is in sight: are we on the right course?
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Johannesburg, 29 October 2020 – The Minister of Finance, Tito Mboweni, delivered his much anticipated Medium-term Budget Policy Statement (MTBPS) on Wednesday, 28 October 2020.
Enhancing ethics through legislation
Enhancing ethics through legislation
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Johannesburg, 14 October 2020 – The Auditing Profession Amendment (APA) Bill was issued by the Standing Committee on Finance (SCOF) for comments on 23 September 2020.
Steering towards safety: Chartered Accountants Worldwide members make an impact in global COVID-19 response
Steering towards safety: Chartered Accountants Worldwide members make an impact in global COVID-19 response
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Johannesburg, 14 October 2020 - As Governments across the world implemented a range of measures to slow the spread of COVID-19, Chartered Accountants Worldwide members were there to provide support and resources.
Insurers’ IFRS 17 implementation challenges and insights
Insurers’ IFRS 17 implementation challenges and insights
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Johannesburg, 9 October 2020 – The IFRS 17 Insurance Contracts (IFRS 17) standard has been deferred by two years from the initial effective date to now being from annual reporting periods beginning on or after 1 January 2023. This has mainly been due to amendments that were aimed at helping companies implement the standard and make it easier to explain their financial performance. Although the deferral could possibly mean additional implementation costs being incurred, it has been well received by the industry as there was pressure to finalise their systems and the additional time provides an opportunity to parallel run IFRS 17 and note differences and impact from IFRS 4 as well as ensuring the processes are not rushed. SAICA recently hosted an event in this regard and Kedibone Pilusa, SAICA Project Director for Members in Business, shares some of the challenges and insights noted.
The Rational Purpose Requirement: Impact on South Africa
The Rational Purpose Requirement: Impact on South Africa
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Johannesburg, 5 October 2020 – The release of the International Standard of Assurance Engagements 3000 (Revised) in December 2015 introduced the Rational Purpose Requirement, which required that an assurance practitioner cannot accept an assurance engagement when the information needs of the intended users will not be met. This impacts both the assurance practitioner and the report preparer, as an incomplete reporting scope will always result in an incomplete assurance scope. In other words, rationale purpose requires an informed view of the information needs of the users.
Accountability and judgement – Two of the most significant competencies required for this new world
Accountability and judgement – Two of the most significant competencies required for this new world
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Johannesburg, 10 September 2020 - The core of the accounting profession is embedded in its very name – ‘account’. The word has multiple meanings all surrounded by one common theme.