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.
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.
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.
Johannesburg, Monday 19 March 2018 – As the custodian of the chartered accountancy profession, the South African Institute of Chartered Accountants (SAICA), believes that it is the duty of all its CAs(SA) to act in the best interest of the public and the country. One of the ways this is done at a university level is through SAICA’s annual Student Leadership Summit (SLS). Entries for the 2018 SLS – now in its tenth year – have just opened.
Willie Botha, Senior Executive: Assurance and Practice at The South African Institute of Chartered Accountants (SAICA), gives insight on how inspection findings is a reference point to enhancing audit quality.
Johannesburg, 08 March 2018 - The Chairman and Acting CEO of the South African Institute of Chartered Accountants (SAICA) take this opportunity to make it clear to the South African public that SAICA and its entities have never been party to any form of state capture or been consciously involved with those accused of any such dealings.
Johannesburg, 07 March 2018 – The SAICA Board wishes to inform members and stakeholders of the decision to second SAICA’s Chief Executive Officer, Terence Nombembe, to the Judicial Commission on State Capture. The board acceded to a request by the Deputy Chief Justice, Raymond Zondo. In terms of the secondment, Nombembe will assist Zondo in the Commission’s investigative work for an initial period of six months. In reaching this decision, the board took into account a number of factors, including some of the items listed below.
Johannesburg, 2 March 2018 - The Ntsebeza Inquiry adjourned on 21 February 2018 in order to allow those who will take the witness stand enough time to prepare themselves. In ensuring procedural fairness, the Inquiry must ensure that every implicated member of SAICA, in relation to the KPMG saga, is aware of the allegations against them, and that all of them will be given an opportunity to cross-examine witnesses, if they so wish or are so advised.
Johannesburg, 02 March 2018 – In the first quarter of 2018, public schools are finalising their financial statements for the year ended 31 December 2017. The financial statements must be drawn up no later than 31 March 2018 and be submitted for audit or examination. The audited or examined financial statements must be submitted to the Head of Department in the province by 30 June 2018.
Johannesburg, Friday 23 February 2018 – In November 2017, 2 703 aspiring chartered accountants [CAs(SA)] sat down to write their final professional examination, the Assessment Professional Competence (APC), with great expectations. Today, the South African Institute of Chartered Accountants (SAICA) is delighted to announce that 2 168 candidates (80%) passed this final qualification hurdle.