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News Articles and Press & media releases
Below are just a few of the latest press releases, to read more of these and other press releases, click on the menu items to the left.
Update on the Ntsebeza inquiry into the conduct of SAICA members employed by KPMG
Johannesburg, 20 January 2018 - In November 2017, the South African Institute of Chartered Accountants (SAICA) convened what is now known as the “Ntsebeza Inquiry” [also referred to as the Inquiry] with the aim that it should investigate, independently, allegations that some of its members who were/are employed by KPMG, had allegedly engaged in conduct in contravention of the SAICA Code of Professional Conduct. This followed the emergence of claims relating to unethical and unprofessional conduct in relation to audit work carried out by KPMG for both public and private sector clients and the South African Revenue Service.
Seven distinctions for KZN’s top learner against adversity
Durban, Wednesday 17 January 2018 – Passing matric is tough. Achieving distinctions in all your subjects is even tougher. Doing all this when your school has been named ‘the worst school in the province’, is a triumph.
Extra effort adds up for the Eastern Cape’s top matrics
Johannesburg, Wednesday 17 January 2018 – With so much pressure already on learners in their matric year, parents often worry that if they let their children take part in events outside of the school curriculum, they will place unnecessary additional stress on them. But the 2017 matric results reveal that often just the opposite is the case! Take the following example:
Notice to complete NOCLAR declaration
Johannesburg, 12 January 2017 - Section 225 and section 360 of the SAICA Code of Professional Conduct (the SAICA Code) set out the responsibilities of SAICA members and associates (in public practice and in business, respectively) in responding to non-compliance or suspected non-compliance with laws and regulations (NOCLAR or suspected NOCLAR).
Should our confidence in financial reporting be shaken?
In recent SAICA roadshows I reminded our chartered accountant CAs(SA) members that “the accountancy profession exists to support and sustain financial markets, economies and for the majority of the active members of society, their very livelihood”.
Company profits to be impacted as impairment losses are expected to rise
Johannesburg, 07 December 2017 - The new financial instruments standard (IFRS 9 – Financial Instruments) is coming into effect from 1 January 2018, which means companies will be required to consider whether their profits are likely to be significantly impacted by this new standard.
Financial reporting landscape changes for companies leasing assets
Johannesburg 12 September 2017 - The new lease accounting standard, International Financial Reporting Standards 16 - leases (IFRS 16 – Leases) published by the International Accounting Standards Board (IASB) introduces a single lease accounting model which requires lessees (tenants) to recognise lease assets and lease liabilities. IFRS 16 aims to enhance the financial reporting of leases in the financial statements. The new lease accounting model will significantly impact a number of companies including those operating in the airline, retail, transport and telecommunications sectors.
Celebrating the entrepreneurial talent of SA’s youth
Johannesburg, Monday 27 November 2017 - Young South Africans’ appetite for entrepreneurship is alive and well, if they are given the opportunity to turn passion into action, says the South African Institute of Chartered Accountants (SAICA). This after 900 learners participated in the 2017 SAICA & Coronation Business Development Games, held across all nine provinces over the past few months.
Call for submissions: Inquiry into the conduct of certain SAICA members employed by KPMG South Africa
Johannesburg, 24 November 2017 – The Independent Inquiry, initiated by SAICA on 2 November 2017 is calling for submissions by interested parties to make representations to the Ntsebeza Inquiry on the conduct of any member/s of SAICA employed by KPMG South Africa with regard to work conducted by the firm related to possible contraventions of the SAICA Code of Professional Conduct.
The institute of chartered accountants of BANGLADESH Joins Chartered Accountants Worldwide and strengthens international presence
The South African Institute of Chartered Accountants (SAICA) welcomes the Institute of Chartered Accountants of Bangladesh (ICAB) as an associate member of Chartered Accountants Worldwide (CAW).
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