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Are consultancy fees and municipal salaries fruitless and wasteful expenditure?
Are consultancy fees and municipal salaries fruitless and wasteful expenditure?
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Johannesburg, 24 June 2021 – The municipal skills shortage has reared its nasty head again. This was identified by the Auditor General (AG), Ms. Tsakani Maluleke, who briefed parliamentary committees on the 2019/20 local government audit outcomes and the Covid-19 relief funds expenditure in a session on 22 June 2021. One of the biggest concerns Maluleke raised during this session is the high usage of consultants at municipalities, writes Natashia Soopal, SAICA Senior Executive for Public Sector.
Retirement funds as a guarantee for loans
Retirement funds as a guarantee for loans
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Johannesburg, 21 June 2021 – The COVID-19 pandemic has forced many individuals to significantly adjust their lifestyles. The personal finances of most South Africans have been greatly impacted by job losses, salary cuts or no bonuses/increases, so much so that their livelihood have taken a significant knock, writes Kedibone Sono (CA)SA, SAICA Project Director: Members in Business Technical.
Global financial reporting agenda set to change - how will South African companies be impacted?
Global financial reporting agenda set to change - how will South African companies be impacted?
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Johannesburg, 14 June 2021 – From 2022, the global financial reporting agenda is set to change.
SAICA welcomes the IIRC and SASB merger
SAICA welcomes the IIRC and SASB merger
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Johannesburg, 9 June 2021 – The South African Institute of Chartered Accountants (SAICA) acknowledges and welcomes the formal announcement of the merger between the International Integrated Reporting Council (IIRC) and the Sustainability Accounting Standards Board (SASB) to create a new entity, to be known as the Value Reporting Foundation (VRF).
SAICA welcomes the appointment of a high-level task team to manage the National Implementation Framework towards the Professionalisation of the Public Service
SAICA welcomes the appointment of a high-level task team to manage the National Implementation Framework towards the Professionalisation of the Public Service
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Johannesburg, 4 June 2021: The South African Institute of Chartered Accountants (SAICA) welcomes the appointment of a high-level task team to manage the National Implementation Framework towards the Professionalisation of the Public Service, under the guidance of the Minister of Public Service and Administration, Mr Senzo Mchunu.
Consolidated Annual Financial Statements – A case for government?
Consolidated Annual Financial Statements – A case for government?
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Johannesburg, 31 May 2021 – The appendix to IFRS 10 defines consolidated financial statements as the financial statements of a group in which the assets, liabilities, equity, income, expenses and cash flows of the parent and its subsidiaries are presented as those of a single economic entity. In simpler terms, a set of consolidated Annual Financial Statements (AFS) portrays the results of the entire group as if it were only one entity with one or more divisions, writes Milton Segal, SAICA Senior Executive: Corporate Reporting.
Proposed changes to list of qualifying physical impairment or disability expenses
Proposed changes to list of qualifying physical impairment or disability expenses
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Johannesburg, 26 May 2021 – The South African Revenue Services (SARS) has issued a draft amended list of qualifying expenditure for physical impairment or disability. SAICA expresses concern that the new proposals are a continuation of the 2018 process whereby the scope and extent of these qualifying tax expenses are being reduced, writes Dr Sharon Smulders, SAICA Project Director for Tax Advocacy.
SAICA announces disciplinary proceedings against Mr. Markus Jooste
SAICA announces disciplinary proceedings against Mr. Markus Jooste
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Johannesburg, 24 May 2021 – The South African Institute of Chartered Accountants’ (SAICA) By-Laws (2020) (Paragraph 17 of Appendix 4) permit the issuing of public statements by the SAICA Chief Executive Officer (CEO) regarding the institution of any complaint or investigation or action against a member once a draft charge sheet or a charge sheet has been issued to such member and such matter, complaint, investigation or action is, in the opinion of the CEO, in the public interest.
Looking for funding to become a chartered accountant? Thuthuka has you covered
Looking for funding to become a chartered accountant? Thuthuka has you covered
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Johannesburg, Tuesday 11 May 2021 – For the past 19 years, the Thuthuka Bursary has funded academically talented African and Coloured learners and students who want to become chartered accountants [CAs(SA)]. If you are one of them, don’t delay applications for the 2022 intake have just opened.
Corporate reporting is changing and it’s going to have an impact on your organisation Join Professor Mervyn King’s 5th Good Governance Academy Colloquium to see how
Corporate reporting is changing and it’s going to have an impact on your organisation Join Professor Mervyn King’s 5th Good Governance Academy Colloquium to see how
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Johannesburg, 7 May 2021 – The Good Governance Academy (GGA) will be hosting its 5th Colloquium focused on Enterprise Value Creation on Thursday 13 May 2021. The Colloquium aims to equip participants with an understanding of the need for sustainability reports and a single sustainability reporting standard; describe how and why sustainability reporting standards bodies are collaborating and merging; and interpret sustainability and enterprise value creation.