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News Articles and Press & media releases

2018

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Below are just a few of the latest 2018 press releases:

To fix dysfunctional municipalities, you must start from the ground up
To fix dysfunctional municipalities, you must start from the ground up
Category
Johannesburg, Thursday 24 May 2018 – Auditor-General Kimi Makwetu, yesterday released municipal audit outcomes for the 2016/17 financial year. Makwetu revealed two worrying points: the first was that municipal irregular expenditure has increased by 75% to R28.4 billion (the highest since the AG started tracking the values); the second was that out of the country’s 257 municipalities, only 33 (13%) managed to receive a clean audit.
Advice for graduates struggling to gain the experience they need to get a job
Advice for graduates struggling to gain the experience they need to get a job
Category
According to the quarterly report from Stats SA released in February, South Africa’s unemployment rate dropped to 26.7% in the fourth quarter of 2017 – a 1% drop from previous figures. While on the surface this appears to be good news, what it does not show is that 3.1 million people (nearly one third of South Africa’s total unemployed figure) are youths aged between 15 and 34 years old.
SAICA project works to increase the number of CAs(SA) in academia
SAICA project works to increase the number of CAs(SA) in academia
Category
Despite being more than 20 years into democracy, the paucity of black South African academics in our institutions of higher learning remains a key concern for the country.
Don’t Let Mathematical Literacy Count against Your Child
Don’t Let Mathematical Literacy Count against Your Child
Category
Johannesburg, 15 May 2018 - When it comes to choosing your school subjects, the reality is many learners and perhaps parents do not understand the importance of the choice or the difference between mathematical literacy and mathematics.
Audit and Examination of Public School Financial Statements
Audit and Examination of Public School Financial Statements
Category
Johannesburg, 11 May 2018 – Public schools are required to draw up their annual financial statements in accordance with guidelines determined by the Member of the Executive Council (MEC) and submit the audited or examined set to the head of department within six months after the end of each financial year. The financial year of a public school commences on the first day of January and ends on the last day of December.
Riding this year’s Telkom 947 Cycle Challenge? Join the Thuthuka team today
Riding this year’s Telkom 947 Cycle Challenge? Join the Thuthuka team today
Category
Johannesburg, Wednesday 25 April 2018 - In November, over 28 000 cyclists will shut down Johannesburg’s busiest roads as they take part in the 2018 Telkom 947 Cycle Challenge. Today, the South African Institute of Chartered Accountants is inviting chartered accountants (CAs[SA]) and supporters of our education initiatives to pedal for a purpose and help us raise funds for aspiring CAs(SA) by joining the Thuthuka Bursary Fund Cycle Team.
Matrics: Chartered Accountancy Bursaries for 2019 are Up for Grabs
Matrics: Chartered Accountancy Bursaries for 2019 are Up for Grabs
Category
Johannesburg, Monday 23 April 2018 – If you’re in matric and dream about becoming a chartered accountant, you have until 31 August 2018 to apply for one of 300 Thuthuka bursaries up for grabs for those who will start their university studies in 2019.
The business impact of the new financial reporting standards
The business impact of the new financial reporting standards
Category
Johannesburg, 16 April 2018 – As companies usher in the new financial reporting standards (IFRS 9 – Financial Instruments and IFRS 15 – Revenue from Contracts with Customers) in 2018, management and those charged with governance should be asking the right questions to understand the business impact of these standards. The effects of these standards will vary from company to company and from industry to industry.
Accountability in the Accounting Profession and SAICA’s role
Accountability in the Accounting Profession and SAICA’s role
Category
Johannesburg, Friday 13 April 2018 – Back in the day accountants were viewed as task-oriented, pedantic bean counters, typically cast as introverted, glass-wearing math geniuses. Today, however, the picture is quite different and the scope of work has broadened. What does remain consistent is they have always been expected to maintain the values of their professional code of conduct.
Transformation successes evident in latest Chartered Accountancy professional exam results
Transformation successes evident in latest Chartered Accountancy professional exam results
Category
Johannesburg, Friday 23 March 2018 – For the past 15 years, the chartered accountancy profession has put considerable “skin in the game” to ensure that its objective of “creating a constant flow of suitably qualified accounting professionals who represent the racial and gender composition of the country” is achieved.

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