SA Accounting Academy News

Keeping you up to date with the latest accountancy, audit and tax news.

Newsletter Sign Up

Accounting News

SAICA: Comments on Exposure Draft: Proposed International Standard on Auditing 240 (Revised) logo

SAICA has published their comments that were submitted on the Exposure Draft: Proposed International...


Read More
SAICA: IT3(d) FAQ logo

SAICA: IT3(d) FAQ

SAICA has published Frequently Asked Questions (FAQs) as guidance on how section 18A approved entiti...


Read More
New standard issued! IFRS 18 Presentation and Disclosure in Financial Statements logo

The brand new IFRS 18 standard on Presentation and Disclosure in Financial Statements has been issue...


Read More
Unraveling Beneficial Ownership in the Context of the Companies Act, 2008 logo

Understand the concept of beneficial ownership under the Companies Act, 2008. Learn about its import...


Read More
A Guide to Solvency and Liquidity Testing in South Africa: Insights from Section 4 of the Companies Act, 2008 logo

Understand the Solvency and Liquidity Test in Section 4 of the South African Companies Act, 2008. Le...


Read More
IFAC Publishes Updated Guide for Trainers to Support IPSAS Implementation logo

To assist governments and government entities interested to report in accordance with the accrual-ba...


Read More
NT: Adjustments to the SCOA classification – Circular 45 on changes made in 3rd quarter of 2023/2024 logo

NT: Adjustments to the SCOA classificati...

National Treasury has published a SCOA (Standard Chart of Accounts) classification Circular 45 on th...


Read More
Patch 1 for AFS departmental template 2023/2024 logo

Patch 1 for AFS departmental template 20...

The Office of the Accountant General in the National Treasury has published Patch 1 to the updated S...


Read More
ASB: ED207 on GRAP 108 – Statutory Receivables PIR logo

ASB: ED207 on GRAP 108 – Statutory Recei...

The Accounting Standards Board (ASB) is undertaking a post-implementation review (PIR) of the genera...


Read More
IASB: Reminder of comment deadline on Proposed amendments to IFRS 7, IAS 1 & IAS 32 logo

IASB: Reminder of comment deadline on Pr...

The International Accounting Standards Board (IASB) has published a reminder that the due date for c...


Read More
SAICA: 2023 Medical Schemes Accounting Guide logo

SAICA: 2023 Medical Schemes Accounting G...

SAICA has revised and issued the Medical Schemes Accounting Guide for the year ending 31 December 20...


Read More
FASB Issues Standard to Improve the Accounting for and Disclosure of Certain Crypto Assets logo

FASB Issues Standard to Improve the Acco...

The Financial Accounting Standards Board (FASB) has published an Accounting Standards Update (ASU) i...


Read More
Ethics developments: What to expect in 2024 logo

Ethics developments: What to expect in 2...

This alert provides a summary of ethical developments and future expectations identified by the IESB...


Read More
ED 205 on Social Benefits: Comment deadline extended logo

ED 205 on Social Benefits: Comment deadl...

The Accounting Standards Board (ASB) has extended the comment deadline for the Proposed Standard of...


Read More
Reminder: IAS 1 (Accounting Policies) is now effective logo

Reminder: IAS 1 (Accounting Policies) is...

This is a reminder that IAS 1 (Accounting Policies) is now effective for financial years beginning o...


Read More
Guidance when citing IFRS Accounting Standards logo

Guidance when citing IFRS Accounting Sta...

The International Auditing and Assurance Standards Board (IAASB) has issued guidance to help stakeho...


Read More
ISA for LCE: IAASB Overview presentation logo

ISA for LCE: IAASB Overview presentation

The International Auditing and Assurance Standards Board (IAASB) has published a presentation on the...


Read More
ISA for LCE: FAQs logo

ISA for LCE: FAQs

The International Auditing and Assurance Standards Board (IAASB) has published Frequently Asked Ques...


Read More
ISA for LCE: Fact Sheet logo

ISA for LCE: Fact Sheet

The International Auditing and Assurance Standards Board (IAASB) has published a Fact Sheet on Audit...


Read More
SAICA: AUP Regulatory report for Legal Practitioner’s Refund of Bank charges and Audit fees logo

SAICA: AUP Regulatory report for Legal P...

The South African Institute of Chartered Accountants (SAICA) has developed and published an illustra...


Read More
CIPC: Customer Refunds logo

CIPC: Customer Refunds

The Companies and Intellectual Property Commission (CIPC) has issued an important notice regarding R...


Read More
SAICA: Updated Guide on Retention of Records logo

SAICA: Updated Guide on Retention of Rec...

SAICA has released the 2023 Updated SAICA Retention of Records guide.


Read More
IAASB: ISSA 5000 Materiality FAQ logo

IAASB: ISSA 5000 Materiality FAQ

The IAASB developed this comprehensive set of Frequently Asked Questions to respond to requests from...


Read More
International Non-Profit Accounting Guidance (INPAG) logo

International Non-Profit Accounting Guid...

Exposure Draft 2: International Non-Profit Accounting Guidance (INPAG) is published by the Chartered...


Read More
IRBA: News #63 logo

IRBA: News #63

IRBA has released its latest quarterly newsletter, providing useful summaries of changes to various...


Read More
NEW! Beneficial Ownership Register for Trusts logo

NEW! Beneficial Ownership Register for T...

The Master’s Office has published Circular 52 of 2023, which issues a new directive – Chief Master’s...


Read More
IAASB: New Handbook logo

IAASB: New Handbook

The International Auditing and Assurance Standards Board (IAASB) has released the brand new 2022 edi...


Read More
CIPC: Filing of documents – Practice Note 4 of 2023 logo

The CIPC has issued Practice Note 4 of 2023 on the Filing of Documents and the Process of Challenge.


Read More
Deceased Estates: Master’s Online Registration system logo

The Master of the High Court’s Deceased Estate Online Registration System was officially launched an...


Read More
CGSO: Newsletter 2nd Quarter 2023 logo

CGSO: Newsletter 2nd Quarter 2023

The CGSO has issued its 2nd Quarter newsletter that covers the period June to August 2023.


Read More
SAICA Draft Mergers and Acquisitions Guide logo

SAICA Draft Mergers and Acquisitions Gui...

SAICA has released its Draft Mergers and Acquisitions Guide, which provides valuable insights, consi...


Read More
Are you keeping pace with evolving cybersecurity threats? logo

Are you keeping pace with evolving cyber...

This 2023 RSM US MMBI Cybersecurity Special Report provides insight into evolving middle market cybe...


Read More
NT: SCOA classification Circular 44 issued logo

NT: SCOA classification Circular 44 issu...

National Treasury has issued a new Classification Circular 44, setting out the adjustments to the St...


Read More
NT: Proposed 2024/2025 MCS issued logo

NT: Proposed 2024/2025 MCS issued

National Treasure has issued updates to the 2024/2025 Modified Cash Standard (MCS) for comment by 31...


Read More
Info Regulator to probe daring cyber-attack on SSA logo

Info Regulator to probe daring cyber-att...

The Information Regulator is investigating a report that South Africa’s State Security Agency (SSA)...


Read More
SAICA: Comments on the 2023 Companies Amendment Bill logo

SAICA: Comments on the 2023 Companies Am...

SAICA has submitted comments on the Companies Amendment Bill, 27 of 2023 to the Standing Committee o...


Read More
IESBA: New 2023 Handbook logo

IESBA: New 2023 Handbook

The International Ethics Standards Board for Accountants (IESBA) has released the 2023 Handbook of t...


Read More
SASSA: Grants increase 1 Oct 2023 logo

SASSA: Grants increase 1 Oct 2023

An increase for SASSA (South African Social Security Agency) grants came into effect on 1 October 20...


Read More
CDH: Africa Corporate Guide logo

CDH: Africa Corporate Guide

Cliffe Dekker Hofmeyr’s Corporate Law division has published an Africa Corporate Guide to simplify t...


Read More
Should maternity and parental benefits be extended to self-employed workers in the informal economy? logo

Should maternity and parental benefits b...

The South African Law Reform Commission (SALRC) published its investigative report on maternity and...


Read More
IRBA: Proposed ED – SAAPS 3 (Revised) logo

IRBA: Proposed ED – SAAPS 3 (Revised)

The Independent Regulatory Board for Auditors (IRBA) Committee for Auditing Standards (CFAS) has app...


Read More
IRBA Staff Audit Practice Alert 9: Guidance on EAR Rule for PIEs logo

IRBA Staff Audit Practice Alert 9: Guida...

The Independent Regulatory Board for Auditors (IRBA) has published IRBA Staff Audit Practice Alert 9...


Read More
CIPC confirms Deadline of 30 September 2023 for Beneficial Ownership filings and securities registers logo

CIPC confirms Deadline of 30 September 2...

The CIPC has confirmed that enforcement of beneficial ownership filings and securities registers wil...


Read More
IRBA: New! EAR Rule (Enhanced Auditor Reporting) for the Audit of Financial Statements of PIEs logo

IRBA: New! EAR Rule (Enhanced Auditor Re...

The Independent Regulatory Board for Auditors (IRBA) has prescribed an IRBA Rule on Enhanced Auditor...


Read More
SAICA: 2023 Tax Practitioner Annual Declaration & Monitoring process logo

SAICA: 2023 Tax Practitioner Annual Decl...

SAICA has issued a Notice of 2023 tax practitioner declaration and monitoring process, urging tax pr...


Read More
FSCA names and shames employers owing pension contributions logo

FSCA names and shames employers owing pe...

The Financial Sector Conduct Authority (FSCA) has published a list of employers that were four or mo...


Read More
IFRS Accounting Standards: Proposed amendments logo

IFRS Accounting Standards: Proposed amen...

The International Accounting Standards Board (IASB) has published an Exposure Draft of proposed amen...


Read More
SARS Tax Practitioner Connect Newsletter logo

SARS Tax Practitioner Connect Newsletter

SARS has published Issue 45 of the Tax Practitioner Connect newsletter, which is now available and i...


Read More
SARS: Government Connect Newsletter Issue 12 logo

SARS: Government Connect Newsletter Issu...

SARS has published the latest Government Connect Newsletter (Issue 12), which is now available and i...


Read More
SARS_Updated Guide for Tax Rates/Duties/Levies logo

SARS_Updated Guide for Tax Rates/Duties/...

SARS has published an updated Guide for Tax Rates/Duties/Levies (Issue 16), which provides a current...


Read More
New! SARS: VDP Guide logo

New! SARS: VDP Guide

SARS has published a new Guide to the Voluntary Disclosure Programme (VDP), which provides general g...


Read More
SARS: Credit Audit scam logo

SARS: Credit Audit scam

SARS has warned taxpayers to be on the alert for a fraudulent email talking about a credit audit.


Read More
SARS: New Air Passenger Tax System logo

SARS: New Air Passenger Tax System

From 15 September 2023, SARS will be implementing a new system for Air Passenger Tax (APT) wherein t...


Read More
CGSO: 2022-23 Annual Report logo

CGSO: 2022-23 Annual Report

The Consumer Goods and Services Ombud (CGSO) released its annual report for the 2023 financial year,...


Read More
SARS: Clarity on ITR12T logo

SARS: Clarity on ITR12T

SARS has issued a guidance document providing further clarification for Trusts Income Tax Returns fo...


Read More
CIPC: Compliance Checklist Report logo

CIPC: Compliance Checklist Report

The Companies and Intellectual Property Commission (CIPC) has published a Compliance Checklist Repor...


Read More
CIPC: Clamping down on reckless conduct and non-compliance logo

CIPC: Clamping down on reckless conduct...

The (CIPC) has issued a legal article confirming that they are clamping down on reckless conduct and...


Read More
POPIA: Enforcement Notice issued to Dis-Chem logo

POPIA: Enforcement Notice issued to Dis-...

The Information Regulator (Regulator) issued an Enforcement Notice to Dis-Chem Pharmacies Ltd follow...


Read More
DTIC: Companies Amendment Bills tabled logo

DTIC: Companies Amendment Bills tabled

Significant changes to South Africa’s main corporate legislation are contained in two bills tabled i...


Read More
SARS: Proposed Sec 11G to replace Practice Note 31 logo

The proposed Section 11G allows for limited deduction of expenses incurred by companies in productio...


Read More
Employers face fines per the National Minimum Wage Act logo

The Department of Employment and Labour confirmed that an employer who is found to have failed to co...


Read More
FICA: Failure to report electronic transfers to/from the Republic logo

Financial Intelligence Centre Act (FICA) Section 56 has been amended so that accountable institution...


Read More
SAICA Training Offices: Updated PVAA Guide for Assessment of Trainees logo

SAICA has issued updated guidance for Training Offices when Assessing trainees’ proficiency in the P...


Read More
Property Practitioners: 2023 Audit report submissions update logo

In respect of the 2023 audit report submissions, registered auditors are advised to take note of the...


Read More
FIC: PCC 6A – Guidance on the Definition of Trust and Company Service Providers logo

The Financial Intelligence Centre (FIC) has published public compliance communication 6A (PCC 6A), t...


Read More
FIC Amendment Act: More Sections in Force logo

National Treasure published a notice in the government gazette stating that Sections 6 and 43 of the...


Read More
CIPC: Companies Act Regulation – DOMICILIUM ET EXECUTANDI requirements updated logo

The Department of Trade, Industry & Competition has gazetted a notice confirming that effective from...


Read More
IFAC Quality Management Series: Small Firm Implementation – Installment Two logo

IFAC has published the second installment in a three-part publication series to help small and mediu...


Read More
Auditor-General: Public Audit Act: Audit directive for 2023 logo

The Auditor-General of South Africa (AGSA) has issued an Audit Directive for 2023, in accordance wit...


Read More
IRBA: Plans to Issue New Rules logo

IRBA: Plans to Issue New Rules

IRBA will be issuing a couple of rules in the next few months that if the company didn't disclose no...


Read More
CIPC: Deregistration notification for companies and CCs has started. logo

The Companies and Intellectual Property Commission (CIPC) has commenced the notification in terms of...


Read More
Compensation Fund: Vocational Rehabilitation, Re-integration and Return-to-Work Programme logo

The Compensation Fund (CF) has introduced the Vocational Rehabilitation, Re-integration and Return-t...


Read More
Energy Bounce Back Loan Guarantee Scheme logo

Energy Bounce Back Loan Guarantee Scheme

National Treasury has issued a media statement confirming the availability of an ‘Energy Bounce Back...


Read More
IRBA: Review of SAAEPS 1: Sustainability Assurance Engagements logo

IRBA (the Independent Regulatory Board for Auditors) is undertaking a Post-implementation Review of...


Read More
SAICA: Feedback summary of meetings with OTO & SARS meetings logo

SAICA has published a feedback summary of the meeting held with SARS and the OTO (Office of the Tax...


Read More
IAASB_FAQ on Proposed ISSA 5000 logo

IAASB_FAQ on Proposed ISSA 5000

The International Auditing and Assurance Standards Board (IAASB) has issued Frequently Asked Questio...


Read More
IAASB: Proposed Global Sustainability Assurance Standard ISSA 5000 logo

The International Auditing and Assurance Standards Board (IAASB) has issued its proposed Internation...


Read More
EE Compliance Certificate: Department of Labour logo

The Department of Labour has confirmed that an Employment Equity (EE) Certificate is a prerequisite...


Read More
Default

Office of the Tax Ombud Newsletter

The Office of the Tax Ombud have issued their latest Fairplay Newsletter (Issue 30).


Read More
IESBA: Interactive 2022 Annual Report logo

IESBA: Interactive 2022 Annual Report

The International Ethics Standards Board for Accountants (IESBA) has released its 2022 Annual Report...


Read More
CIPC: Directors to provide evidence of info submitted logo

The Companies and Intellectual Property Commission (CIPC) will be requesting directors of companies...


Read More
CSOS: Practice Directive on POPIA for Community Schemes logo

The Community Schemes Ombud Service (CSOS) issued a practice directive to provide guidance on the pr...


Read More
CIPC: Practice notice 2 of 2023 – Process to amend company directors logo

The CIPC has issued Practice Notice 2 of 2023 regarding access to the website on the process to amen...


Read More
CIPC: Practice notice 1 of 2023 – Challenges encountered when filing applications logo

The CIPC has issued Practice Notice 1 of 2023 regarding the Challenges encountered when filing appli...


Read More
SARS Tax Practitioner Unit: Representative Taxpayer logo

It has been reported that SARS Tax Practitioner Unit no longer accepts Representative Taxpayers othe...


Read More
CIPC: Reminder to customers: CIPC is changing of payment method logo

The CIPC has taken a strategic decision to phase out the current payment platform of Electronic Fund...


Read More
Trust Accounts: Legal Practitioners logo

Trust Accounts: Legal Practitioners

The LPFF (Legal Practitioners Fidelity Fund) has issued 6 important publications re Engagements on L...


Read More
Employment Equity: Annual targets must be set by employers logo

The Department of Labour has confirmed that employers are expected to comply with their own set of a...


Read More
CIPC: Reminder to Companies and Close Corporations to file Annual Returns logo

The CIPC urges all companies and close corporations to file their Annual Returns and hereby reminds...


Read More
CIPC: Securities register and beneficial interest register logo

The Companies and Intellectual Property Commission (CIPC) has announced the release of enhancements...


Read More
SARS Final Diesel Refund provisions logo

SARS Final Diesel Refund provisions

SARS has gazetted the final provisions in respect of the diesel refund system for manufacturers of f...


Read More
IRBA: News issue #62 logo

IRBA: News issue #62

IRBA have released their latest quarterly newsletter, providing useful summaries of changes to vario...


Read More
CGSO: Newsletter 1st Quarter 2023 logo

CGSO: Newsletter 1st Quarter 2023

The CGSO has issued their 1st Quarter newsletter that covers the period March to May 2023.


Read More
SARS Scam alert: SMS online payment logo

SARS Scam alert: SMS online payment

SARS has warned the public to be on the alert for a scam circulated through text messages talking ab...


Read More
POPIA: Information Regulator issued R5mil fine logo

The Information Regulator has issued an infringement notice and a R5 million administrative fine to...


Read More
National Small Enterprise Development Bill logo

The Department of Small Business Development has gazetted the National Small Enterprise Development...


Read More
National Minimum Wage: Exemption requirements logo

The Department of Employment and Labour has issued a media release confirming that Employers who can...


Read More
IRBA: Reminder to use new PPA reports logo

IRBA: Reminder to use new PPA reports

IRBA has published a Reminder about the New Illustrative Reports to be used by Independent Assurance...


Read More
PPRA: Revised Guideline on Audit Accounting Records and Trust Account Requirements logo

The PPRA (Property Practitioners Regulatory Authority) has issued the Revised Guideline on Audit Acc...


Read More
SARS: Medical Tax Credits Guide logo

SARS: Medical Tax Credits Guide

SARS has updated and published their Guide on the Determination of Medical Tax Credits.


Read More
Headline Earnings: Circular 1/2023 logo

Headline Earnings: Circular 1/2023

SAICA has updated Circular 1/2023 on Headline Earnings to consider the requirements of IFRS 17 – Ins...


Read More
NPO Registration with Directorate logo

NPO Registration with Directorate

The Department of Social Development has issued a notice in terms of Section 12(1)(c) of the Nonprof...


Read More
Default

CIPC has issued a notice to inform customers that CIPC will be merging certain Companies and Close C...


Read More
Office of the Tax Ombud Newsletter logo

Office of the Tax Ombud Newsletter

The Office of the Tax Ombud have issued their Fairplay Newsletter (Issue 29).


Read More
SARS: 2023 Filing season for Individuals and Trusts logo

SARS has issued a media release confirming that the 2023 filing season for individuals (provisional...


Read More
SARS: 11 Updated Guides for Filing Season 2023 logo

SARS have updated 11 guides for Filing Season 2023 starting on 7 July 2023 @ 8pm.


Read More
PAIA annual report: Deadline extended logo

PAIA annual report: Deadline extended

The Information Regulator has extended the deadline for submission of PAIA Annual Reports to 7 July...


Read More
Scam: Income Tax_VAT Returns logo

Scam: Income Tax_VAT Returns

SARS has warned the public to be on the alert for a scam circulated through text messages talking ab...


Read More
CIPC: Unauthorised use of CIPC name, abbreviation and logo logo

The Companies and Intellectual Property Commission (CIPC) reminded customers that the words COMPANIE...


Read More
CIPC: Relaunch and automation of associated name reservation service logo

The Companies and Intellectual Property Commission (CIPC) will be relaunching the associated name re...


Read More
Tax: Credits from power fed back into the electricity grid logo

SARS has published a Draft Guide on the Tax treatment of credits from power fed back into the electr...


Read More
Beneficial Ownership FAQs logo

Beneficial Ownership FAQs

CIPC has issued 31 FAQs (Frequently Asked Questions) on Beneficial Ownership, which comprises compre...


Read More
COIDA Draft Regulations logo

COIDA Draft Regulations

The Department of Employment and Labour has gazetted the draft regulations for rehabilitation, reint...


Read More
Average Exchange Rates logo

Average Exchange Rates

SARS has published the latest quarterly update to the Average Exchange Rates.


Read More
Draft Bills and Explanatory Memoranda logo

Draft Bills and Explanatory Memoranda

The National Treasury and SARS have published for public comment, the revised 2023 Draft Revenue Law...


Read More
Maximum Monetary Fines in terms of Auditing Profession Act logo

On recommendation of IRBA, National Treasury has gazetted the new Maximum monetary fines in terms of...


Read More
Who must submit returns for the 2023 tax year? logo

SARS has gazetted the schedule that specifies the persons who must submit returns for the 2023 year...


Read More
Guide: Enhancing Greenhouse Gas (GHG) Reporting logo

IFAC (the International Federation of Accountants) and We Mean Business Coalition (WMBC), have relea...


Read More
Default

SAICA has submitted a comment letter on the proposed amendments to the JSE Limited Listings Requirem...


Read More
Update: Accounting Guideline on GRAP 19 logo

Update: Accounting Guideline on GRAP 19

The Office of the Accounting-General in the Department of National Treasury has published an updated...


Read More
FAQs on Modified Cash Standard (MCS) financial statements logo

The Office of the Accountant General in National Treasury has published a new FAQ document relating...


Read More
Co-Operative members to update details logo

Co-Operative members to update details

As part of their continuous efforts to improve their customer service offering, CIPC issued this Not...


Read More
Money Laundering: case studies logo

Money Laundering: case studies

The FIC (Financial Intelligence Centre) has produced and published a compilation of case studies and...


Read More
Deferred tax: Changes to IAS 12 logo

Deferred tax: Changes to IAS 12

The International Accounting Standards Board (IASB) has issued amendments to IAS 12 Income Taxes.


Read More
Scam: SARS Tax refunds email scam logo

Scam: SARS Tax refunds email scam

SARS has warned about the latest scam, which is an email containing a letter with the title ‘Tax Ref...


Read More
Scam: SARS Account in arrears logo

Scam: SARS Account in arrears

SARS has warned about the latest scam, which is an email seemingly from a Gauteng.gov.za email addre...


Read More
SARS: Updated Dispute Resolution Guide logo

SARS: Updated Dispute Resolution Guide

SARS has published an updated Dispute Resolution Guide on the Rules Promulgated in terms of Section...


Read More
COIDA: New Maximum Earnings on Provisional assessment logo

The Department of Labour has gazetted an increase in the Maximum Earnings to R568 959 on Provisional...


Read More
Deadline extended! COIDA 2022 Return of Earnings now due by 30 June 2023 logo

The deadline for submission of the Return of Earnings (ROE) by employers for the 2022 Assessment per...


Read More
Companies Amendment Regulations 2023: promulgated and effective from 24 May 2023 logo

The CIPC (Companies and Intellectual Property Commission) announced the promulgation of amendments t...


Read More
Beneficial Ownership: User Guide logo

Beneficial Ownership: User Guide

The CIPC has published a User Guide on Beneficial Ownership filing (including Explanatory Notes and...


Read More
CIPC: Beneficial Ownership filing Guidance logo

The CIPC has published a guidance notice to give effect and provide guidance on filing of Beneficial...


Read More
SARS: Interpretation Note 74 on Repairs logo

SARS has updated and issued Interpretation Note 74 on the Deduction and recoupment of expenditure in...


Read More
CA2025 Simulations Guideline logo

CA2025 Simulations Guideline

SAICA has published Guidelines for Simulations applicable to the CA2025 programme – to be implemente...


Read More
CGSO: Special Tribute Edition Newsletter logo

The CGSO’s special tribute edition newsletter covers the period January to February 20232, and conta...


Read More
Companies Tribunal: Newsletter logo

Companies Tribunal: Newsletter

The Companies Tribunal present this fourth quarter Bulletin newsletter for the period January to Mar...


Read More
POPIA Enforcement notice issued to Dept of Justice logo

The Information Regulator issued an Enforcement Notice to the Department of Justice and Constitution...


Read More
Reminder! PAIA reports are due by 30 June 2023 logo

The Information Regulator has issued a media statement and an invitation, reminding Public and Priva...


Read More
Telegram Scam logo

Telegram Scam

SARS warns the public against a new phishing scam where scammers are pretending to be from SARS, and...


Read More
NEW! SARS changes VAT registration rules (after flood of suspicious activity) logo

The South African Revenue Service (SARS) will be tightening its VAT registration processes after it...


Read More
Solar panels: A few point-worthy aspects to remember: Renewable energy tax incentives logo

This article by a legal practitioner provides a few point-worthy aspects to remember on Renewable en...


Read More
CCMA: Amended Rules and LRA Forms logo

CCMA: Amended Rules and LRA Forms

The Department of Employment and Labour has published amended Rules for the Commission for Conciliat...


Read More
Reminder: New Accountable Institutions (including Credit Providers, High-value goods dealers and Crypto asset service providers) must submit their Risk Compliance Return to FIC by 31 July 2023 logo

This is a reminder to all persons and entities that became accountable institutions in terms of the...


Read More
Reminder: TCSPs (including Accountants) must submit their Risk Compliance Return to FIC by 31 May 2023 logo

This is a reminder to all auditors and accountants who are accountable institutions to submit their...


Read More
NPO Counter-Money Laundering Regulations in force logo

The Department of Social Development has gazetted regulations under the Non-Profit Organisation Act,...


Read More
Online verification of CIPC disclosure certificates logo

The Companies and Intellectual Property Commission (CIPC) has issued a Notice to confirm that the el...


Read More
Proposed Revisions for Going Concern Standard ISA570 logo

IAASB has opened Public Consultation after publishing an Exposure Draft with the proposed revisions...


Read More
IRBA: News issue #61 logo

IRBA: News issue #61

IRBA have released their latest quarterly newsletter, providing useful summaries of changes to vario...


Read More
Explanatory Commentary on Body Corporate Template – Illustrative AFS logo

SAICA has published an explanatory commentary document which would assist body corporates when prepa...


Read More
Public Interest Entity Definitions: Database by Jurisdiction logo

IESBA Staff has developed and released a Database of Public Interest Entity Definitions by Jurisdict...


Read More
ICB Financial Accounting logo

ICB Financial Accounting

Do you want to be able to offer indispensable bookkeeping and financial accounting skills, or become...


Read More
FICA Handbook for Law Firms logo

FICA Handbook for Law Firms

This guide outlines what is expected from law firms, and was created by DocFox as a handy guide that...


Read More
Solar panel installers proposed to report taxpayer information to SARS logo

SARS issued a Draft Notice which considers imposing a requirement on the solar installer to report t...


Read More
Renewable energy incentives logo

Renewable energy incentives

National Treasury and SARS have published the renewable energy incentives in the 2023 Draft Taxation...


Read More
Proposed new standard for Sustainability Assurance Engagements logo

The IAASB has moved up the timeline to consult before issuing the Proposed new standard for Sustaina...


Read More
AGMs: NonBinding Legal Opinion logo

AGMs: NonBinding Legal Opinion

The Companies and Intellectual Property Commission (CIPC) has issued a non-binding legal opinion in...


Read More
Reminder: AUP (Agreed-Upon Procedures) Report required to claim back audit fees & bank charges on legal practitioner's trust accounts logo

This is an important reminder to all legal practitioners with a trust account, that, in order to cla...


Read More
Transitional relief to support companies applying IFRS S1 & S2 logo

The ISSB (International Sustainability Standards Board) is to provide transitional relief to support...


Read More
CIPC: Requirements and processing of requests to expedite acceptance of patent applications logo

CIPC has issued Practice Notice 21 of 2023, which sets out the requirements for requesting expedited...


Read More
COIDA: Confirmation of Life logo

COIDA: Confirmation of Life

It has been gazetted that Pensioners, beneficiaries and recipients who receive a monthly pension fro...


Read More
2022 ROE form updated logo

2022 ROE form updated

The Compensation Commission published an updated CF-2A ROE (Return of Earnings) form for 2022, inclu...


Read More
Deceased Estate Appointments: Implementation of QR Code  logo

The Master’s Office is implementing a QR code on Master’s appointment letters to curb fraud and ensu...


Read More
Trustee Beneficial Ownership (BO) register logo

The Master’s Office has released an excel template to be used by trustees to capture beneficial owne...


Read More
SARS Travel eLogbook 2023/24 logo

SARS Travel eLogbook 2023/24

SARS has published the Travel eLogbook for use by taxpayers to record their daily business travel fo...


Read More
COMING IN 2024! Standards on sustainability: Ethics & Assurance logo

The International Ethics Standards Board for Accountants (IESBA) and International Auditing and Assu...


Read More
COIDA: New Medical Tariffs effective 1 April 2023 logo

The Department of Employment & Labour has announced a 4% increase in medical tariffs across a broad...


Read More
Trust Property Control Act now in force logo

Trust Property Control Act now in force

The Department of Justice & Constitutional Development has gazetted the Amendments to the Trust Prop...


Read More
FIC: Directive on Employee screening logo

FIC: Directive on Employee screening

The Financial Intelligence Centre (FIC) has gazetted a directive requiring all accountable instituti...


Read More
FIC: Directives on Risk and Compliance Returns logo

The Financial Intelligence Centre (FIC) has gazetted 2 directives (in force from 31 March 2023) on t...


Read More
CIPC: 647 835 companies and close corporations deregistered logo

CIPC has deregistered 647 835 companies and close corporations, which have been in Annual Return Der...


Read More
CIPC: Final deregistration of companies and close corporation in annual return deregistration process logo

CIPC will be commencing final deregistration of all companies and close corporations which have been...


Read More
CIPC: Delay in processing credit notes logo

CIPC: Delay in processing credit notes

The Companies and Intellectual Property Commission (CIPC) has issued a notice to apologise to custom...


Read More
CIPC: Beneficial Ownership reporting – demo version shared logo

The Companies and Intellectual Property Commission (CIPC) engaged with stakeholders on the practical...


Read More
CIPC: Requirements for the appointment of an accounting officer logo

The Companies and Intellectual Property Commission (CIPC) has issued a notice to update customers on...


Read More
SARS Tax Practitioner Connect Newsletter logo

SARS Tax Practitioner Connect Newsletter

SARS has published Issue 40 of the Tax Practitioner Connect newsletter which includes information on...


Read More
Urgent! IRBA Tax practitioners no longer recognised by SARS logo

This is an Urgent Reminder that all individuals registered as tax practitioners with the IRBA must t...


Read More
COIDA FAQs logo

COIDA FAQs

The Department of Labour has published a collection of Frequently Asked Questions (FAQs) on the Comp...


Read More
Why Study Accounting? logo

Why Study Accounting?

Accounting is an essential part of the financial world that helps individuals and businesses to trac...


Read More
COIDA 2022 Return of Earnings due by 31 May 2023 logo

COIDA 2022 Return of Earnings due by 31...

The submission of the Return of Earnings (ROE) by employers for the 2022 Assessment period (Financia...


Read More
Solar tax deductions for businesses: expansion of existing incentive logo

From 1 March 2023, businesses will qualify for a 125% tax deduction on qualifying investment costs f...


Read More
IRBA publishes 2022 Public Inspections Report logo

The IRBA has released its 2022 Public Inspections Report, which covers the 1st year of the IRBA's 8t...


Read More
Property Practitioners: Illustrative Assurance Reports logo

IRBA has issued a suite of Illustrative Reports to be used by Independent Assurance Practitioners wh...


Read More
Draft Companies Amendment Regulations logo

Draft Companies Amendment Regulations

The Department of Trade, Industry and Competition has published the Draft Companies Amendment Regula...


Read More
Latest FAQs on GRAP logo

Latest FAQs on GRAP

The Accounting Standards Board (ASB) has issued the latest Frequently Asked Questions on Standards o...


Read More
IFRS Sustainability standards: effective date logo

The International Sustainability Standards Board (ISSB) has tentatively decided to require that IFRS...


Read More
Office of the Tax Ombud Newsletter logo

Office of the Tax Ombud Newsletter

The Office of the Tax Ombud have issued their latest Fairplay Newsletter (Issue 28).


Read More
SMME employee support programme logo

SMME employee support programme

To promote transformation and accessibility to the Audit Development Programme (ADP), there is an ex...


Read More
Updated: Guide for Employers in respect of Allowances logo

SARS has published the Guide for Employers in respect of Allowances, updated for amendments resultin...


Read More
Donations receipt: More info now required logo

SARS have published further information that must be contained in a receipt issued in terms of secti...


Read More
VAT: Input tax on motor cars logo

VAT: Input tax on motor cars

SARS has shed some light on whether input tax can be deducted on the acquisition of a motor car, and...


Read More
Ethics: Q&As on new definitions of Listed Entity and PIEs logo

IESBA Staff has released 20 Q&As to Spotlight Key Changes to the Definitions of Listed Entity and Pu...


Read More
Important! ROE Online System shutdown logo

Important! ROE Online System shutdown

The Department of Employment and Labour has informed all Employers (via Twitter) that the Compensati...


Read More
NEW! PayShap logo

NEW! PayShap

With the launch of the new interbank, real-time digital payments service, known as PayShap, South Af...


Read More
NEW! SARS Dispute Rules logo

NEW! SARS Dispute Rules

The Minister of Finance has gazetted the new SARS Dispute Rules promulgated under Section 103 of the...


Read More
CIPC: General Beneficial Ownership Notice logo

CIPC informs the public that they will be amending regulations to address beneficial ownership requi...


Read More
Tax planning and related services: Revisions to the Code logo

IESBA invites comments on the Exposure Draft Proposed Revisions to the Code Addressing Tax Planning...


Read More
Guidelines: Sensitive Information exchange logo

The Competition Commission has gazetted guidelines on the exchange of competitively sensitive inform...


Read More
Body Corporate – Illustrative example of Annual Financial Statements logo

SAICA has published the final template for IFRS for SMEs Illustrative Annual Financial Statements fo...


Read More
Disaster Regulations | Potential impact on the workplace logo

The Regulations issued in terms of the Disaster Management Act might have a potential impact on the...


Read More
Update: Specimen AFS for Departments logo

Update: Specimen AFS for Departments

The Office of the Accountant General in National Treasury has published an update to the Specimen an...


Read More
Default

SAICA: Code of Professional Conduct – 20...

The SAICA Board adopted the International Code of Ethics for Professional Accountants (including Int...


Read More
SAICA Code: Revisions to the Definitions of Listed Entity and Public Interest Entity logo

SAICA has proposed amendments to the SAICA Code of Professional Conduct, and releases Revisions to t...


Read More
CIPC_iXBRL and IFRS compliant AFS logo

CIPC_iXBRL and IFRS compliant AFS

The CIPC has emphasized that companies should provide financial statements that are aligned with the...


Read More
IESBA Strengthens and Clarifies Independence Requirements for Group Audits logo

IESBA Strengthens and Clarifies Independ...

The International Ethics Standards Board for Accountants (IESBA) has released final revisions to the...


Read More
2023 Budget Summary logo

2023 Budget Summary

The Minister of Finance announced the National Budget for 2023, including changes in tax rates, duti...


Read More
New SARS rate per km & Subsistence amounts logo

New SARS rate per km & Subsistence amoun...

SARS has issued income tax notices setting out the New SARS rate per kilometre as well as Subsistenc...


Read More
Solar Panel Tax Incentive: FAQs logo

Solar Panel Tax Incentive: FAQs

National Treasury has published a Frequently Asked Questions (FAQ) document on the Solar Panel tax i...


Read More
Implementing the IAASB’s Quality Management Standards logo

Implementing the IAASB’s Quality Managem...

IFAC reminded firms and professional accountancy organizations (PAOs) of available materials that ca...


Read More
Office of the Tax Ombud Newsletter logo

Office of the Tax Ombud Newsletter

The Office of the Tax Ombud have issued their Fairplay Newsletter (Issue 27).


Read More
Draft Regulations re accountable institutions logo

Draft Regulations re accountable institu...

The Department of Justice has issued the 2023 Draft Regulations relating to beneficial ownership reg...


Read More
SAICA guide on regulatory reporting duties logo

SAICA guide on regulatory reporting duti...

SAICA has issued a guide on regulatory reporting duties, which sets out reporting requirements for a...


Read More
Money Laundering amendments logo

Money Laundering amendments

Money Laundering & Terrorism Financing Control Regulations amendments are effective from 1 February...


Read More
2022 Sectional Titles Amendment Act now effective logo

2022 Sectional Titles Amendment Act now...

The Sectional Titles Amendment Act, 2022, has been gazetted and came into effect on 5 January 2023.


Read More
Default

CIPC: Conflicting registration numbers a...

CIPC has issued a notice to explain the disparity of registration numbers and incorporation dates.


Read More
CIPC: Annual Return Filing Update logo

CIPC: Annual Return Filing Update

CIPC has issues a notice to update customers on the errors on incorrect billing and other issues whe...


Read More
Update! CIPC Troubleshooting sessions & Roll-back to old platforms logo

Update! CIPC Troubleshooting sessions &...

CIPC recently hosted some troubleshooting sessions to help customer navigate the upgraded E-services...


Read More
IFRS 17 Insurance Contracts comes into effect logo

IFRS 17 Insurance Contracts comes into e...

This is a reminder that IFRS 17 Insurance Contracts came into effect on 1 January 2023.


Read More
CGSO Consumers Alert: Reliable Store logo

CGSO Consumers Alert: Reliable Store

The CGSO (Consumer Goods and Services Ombud) has issued another consumer alert for the year against...


Read More
Reminder: Important dates for SAICA declarations logo

Reminder: Important dates for SAICA decl...

This serves as a reminder of important upcoming dates for SAICA declarations. The 2022 CPD Declarati...


Read More
IRBA: 4th Audit Quality Indicators Report 2022 logo

IRBA: 4th Audit Quality Indicators Repor...

IRBA has published their fourth Audit Quality Indicators Report, which confirms that the talent turn...


Read More
The Information Regulator's first bite! logo

The Information Regulator's first bite!

In what constitutes one of the Information Regulator's biggest investigations to date, the Informati...


Read More
IRBA Code: Revised definitions of Listed Entity and Public Interest Entity logo

IRBA Code: Revised definitions of Listed...

IRBA has approved the proposed amendments to the definitions of Listed Entity and Public Interest En...


Read More
Crypto Asset Service Providers must now comply with FIC requirements logo

Crypto Asset Service Providers must now...

Crypto Asset Service Providers are now classified as accountable institutions, on who FIC may impose...


Read More
Revised Due Process Policy & Revised Status and Authority of Auditing Pronouncements logo

Revised Due Process Policy & Revised Sta...

IRBA has approved the release of the Proposed Due Process Policy for the Development, Adoption and I...


Read More
Medical Schemes Accounting Guide logo

Medical Schemes Accounting Guide

SAICA has revised and issued the Medical Schemes Accounting Guide for the year ending 31 December 20...


Read More
IFRS Standard IAS 1: how amendments made impact the ISAs logo

IFRS Standard IAS 1: how amendments made...

The International Auditing and Assurance Standards Board (IAASB) has published new guidance to help...


Read More
Payment of Pension Fund Contributions logo

Payment of Pension Fund Contributions

The FSCA has determined and published the format of documents in respect of requirements related to...


Read More
Crypto Assets: Policy document logo

Crypto Assets: Policy document

The FSCA has issued a policy document supporting the declaration of Crypto Assets as a financial pro...


Read More
Public sector: new Macro for 2022/2023 AFS logo

Public sector: new Macro for 2022/2023 A...

National Treasury has published a new Macro for 2022/2023 AFS.


Read More
Guideline on Materiality: Modified Cash Standard logo

Guideline on Materiality: Modified Cash...

National Treasury has published the MCS (Modified Cash Standard) Guideline on Materiality.


Read More
Accounting Guideline on GRAP 108 logo

Accounting Guideline on GRAP 108

The Office of the Accounting-General in the Department of National Treasury has published Accounting...


Read More
Accounting Guideline on GRAP 104 logo

Accounting Guideline on GRAP 104

The Office of the Accounting-General in the Department of National Treasury has published Accounting...


Read More
Prescribed auditor report templates: Medical Schemes logo

Prescribed auditor report templates: Med...

The CMS (Council for Medical Schemes) has published the prescribed statutory auditor report template...


Read More
JSE: Proposed financial reporting disclosure requirements logo

JSE: Proposed financial reporting disclo...

The JSE is proposing amendments to the JSE Listings Requirements and JSE Debt Listings Requirements,...


Read More
Support for small firms on the IAASB’s Quality Management Standards logo

Support for small firms on the IAASB’s Q...

The IFAC has released the first installment in a three-part publication series to help small- and me...


Read More
Sustainability Assurance Engagements: FAQs logo

Sustainability Assurance Engagements: FA...

IRBA has issued the IRBA Staff Audit Practice Alert 8: Frequently Asked Questions on Sustainability...


Read More
Amendments to IAS 1: Long-term debt with covenants logo

Amendments to IAS 1: Long-term debt with...

The International Accounting Standards Board (IASB) has issued amendments to IAS 1 Presentation of F...


Read More
Spotlight on Fraud logo

Spotlight on Fraud

The IAASB is currently working on a project to revise ISA 240, The Auditor’s Responsibilities Relati...


Read More
Audit Evidence standard: Proposed changes logo

Audit Evidence standard: Proposed change...

The IAASB has published an Exposure Draft with the proposed changes to ISA 500 (Revised), Audit Evid...


Read More
Ethics considerations in Sustainability Reporting & Greenwashing logo

Ethics considerations in Sustainability...

IESBA’s staff has published a document highlighting the relevance and applicability of the IESBA Cod...


Read More
Increase in FICA Cash threshold reporting amount logo

Increase in FICA Cash threshold reportin...

As from 14 November the prescribed amount of cash above which a transaction must be reported will be...


Read More
EMP501: Payments pre-populated incorrectly logo

EMP501: Payments pre-populated incorrect...

This tax alert notes that SARS has advised that the pre-population of the payment values on the EMP5...


Read More
Crypto Assets in SA are now recognised as financial products! logo

Crypto Assets in SA are now recognised a...

The FSCA has published a notice to confirm that Crypto Assets in SA are now legally recognised as fi...


Read More
Office of the Tax Ombud: Newsletter logo

Office of the Tax Ombud: Newsletter

The OTO (Office of the Tax Ombud) has published their latest newsletter, Fair Play 26, to celebrate...


Read More
Net zero disclosures - what do investors want to know? logo

Net zero disclosures - what do investors...

The FRC (Financial Reporting Council) has published a lab report on Net zero disclosures, which is s...


Read More
Ethics and Independence: Considerations for Accountants in Relation to the Military Conflict in Ukraine logo

Ethics and Independence: Considerations...

IESBA Staff has issued an Alert Highlighting Key Ethics and Independence Considerations for Accounta...


Read More
Ethics: Guidance on Application of IESBA Code to Technology related scenarios logo

Ethics: Guidance on Application of IESBA...

IESBA and JICPA staff issued joint guidance illustrating the Application of the IESBA Code to Techno...


Read More
IFAC Technology Matrix logo

IFAC Technology Matrix

IFAC has created a Technology Matrix as a quick guide to help stakeholders understand and access the...


Read More
Final guidelines: small merger notification logo

Final guidelines: small merger notificat...

The Competition Commission of South Africa recently published its final guidelines on small merger n...


Read More
Default

Accounting for landfill sites

The Accounting Standards Board (ASB) has issued Guidance on the accounting for landfill sites to be...


Read More
Amendments to GRAP 1 to “cut clutter” in financial statements logo

The Accounting Standards Board (ASB) has issued amendments to GRAP 1 on Presentation of Financial St...


Read More
Maximum Monetary Fines in terms of Auditing Profession Act logo

Maximum Monetary Fines in terms of Audit...

National Treasury has gazetted the newly proposed Maximum Monetary Fines in terms of Auditing Profes...


Read More
Proposed revisions to the Headline earnings Circular logo

Proposed revisions to the Headline earni...

SAICA has issued Exposure Draft ED 405 on the Proposed revisions to the Headline earnings Circular.


Read More
AUP Engagements: SAICA_FAQs on Application of ISRS 4400 (Revised)  logo

AUP Engagements: SAICA_FAQs on Applicati...

SAICA has published FAQs on the Application of ISRS 4400 (Revised) for Agreed-Upon Procedures (AUP)...


Read More
CIPC List of Accredited Professional Bodies for business rescue practitioners logo

CIPC List of Accredited Professional Bod...

CIPC has published a List of 11 accredited bodies whose members are eligible as business rescue prac...


Read More
CIPC: New call centre system and interactive voice response logo

CIPC: New call centre system and interac...

CIPC launched a new call centre and interactive voice response system.


Read More
Public Schools_Guideline for Preparation of Financial Statements logo

Public Schools_Guideline for Preparation...

The National Department of Basic Education (DBE) has issued the Guideline for Preparation of Financi...


Read More
Heritage Assets logo

Heritage Assets

The ASB has published the approved Standard of GRAP 103 on Heritage Assets which is not yet effectiv...


Read More
Business rescue practitioners and business rescue administration: FAQs logo

Business rescue practitioners and busine...

SAICA released 18 Frequently asked question for Business rescue practitioners and business rescue ad...


Read More
Application of the ISAs: Updated FAQs by SAICA  logo

Application of the ISAs: Updated FAQs by...

SAICA has once again, updated the previously published FAQs on application of the ISAs on matters ar...


Read More
Default

Deactivation of Domain Names

The CIPC has issued a notice confirming that the Domain Name Registration service will be temporaril...


Read More
CoR123.2: Filing requirements for appointment of BRP logo

CoR123.2: Filing requirements for appoin...

The CIPC has issued Notice 22 of 2022, which sets out the filing requirements for the appointment of...


Read More
Notice of extension cooperatives XBRL logo

Notice of extension cooperatives XBRL

CIPC has granted an extension of Co-operative annual submission of information to the Registrar (Ann...


Read More
Automation of company records logo

Automation of company records

CIPC has gazetted the Notice of Introduction of online filing of notice of location of Company Recor...


Read More
FSCA issues fines of nearly R30 million logo

FSCA issues fines of nearly R30 million

The Financial Sector Conduct Authority (FSCA) announced that it has completed its investigations int...


Read More
Overview of the latest Communications from the IAASB logo

Overview of the latest Communications fr...

In the past 3 months, there has been several important communications that the International Auditin...


Read More
Revisions to the NAS Provisions of the Code logo

Revisions to the NAS Provisions of the C...

SAICA has reminded members and associates that the Revision to the Non-Assurance Services (NAS) Prov...


Read More
Revisions to the NAS Provisions of the Code logo

Revisions to the NAS Provisions of the C...

SAICA has reminded members and associates that the Revision to the Non-Assurance Services (NAS) Prov...


Read More
Reminder: Online EE submissions logo

Reminder: Online EE submissions

Designated employers are reminded that the Online Employment Equity submissions start 1 September 20...


Read More
CIPC Update on file transition project logo

CIPC Update on file transition project

Retrieval of files will still not be optimal and delays will be experienced until the end of Novembe...


Read More
Modified Cash Standards Accounting Manuals logo

The Office of the Accountant General in National Treasury has published 11 Modified Cash Standards A...


Read More
The classification of VAT logo

The classification of VAT

The ASB (Accounting Standards Board) has issued a 6-page Fact Sheet on the Classification of VAT.


Read More
Tips for launching advisory services logo

Tips for launching advisory services

Client accounting services or advisory accounting can be highly beneficial for accountants — offerin...


Read More
Q&A: SARS 2022 Filing season logo

Q&A: SARS 2022 Filing season

SAICA has published a compilation of questions and answers regarding the SARS 2022 filing season.


Read More
CIPC orders Nova to stop selling properties logo

The CIPC has ordered Nova to stop selling properties – which may impact their going concern status.


Read More
FFC 2023 renewal: delays! logo

FFC 2023 renewal: delays!

The PPRA (Property Practitioners Regulatory Authority) has confirmed that they are experiencing dela...


Read More
Scam re invoice from Standard Bank logo

Scam re invoice from Standard Bank

SARS warns the public against a new phishing scam purporting to be from Standard Bank, claiming that...


Read More
SARS Tax Practitioner Connect Newsletter logo

SARS Tax Practitioner Connect Newsletter

SARS has published Issue 34 of the Tax Practitioner Connect newsletter for July 2022.


Read More
SAICA: List of Guides, Circulars and FAQs logo

SAICA has developed numerous guides, circulars and frequently asked questions to assist its members....


Read More
Exposure Draft re Amendments PIEs logo

Exposure Draft re Amendments PIEs

The International Auditing and Assurance Standards Board (IAASB) has released proposed narrow scope...


Read More
Q&A on Revised Non-Assurance Services provisions of the Code logo

The Staff of the International Ethics Standards Board for Accountants (IESBA) has released a questio...


Read More
CIPC_Return relating to directors and register of members of Co-operatives logo

CIPC has issued Practice Note 18 of 2022, which now states that from 1 August 2022, there is an addi...


Read More
Default

From 1 July 2022, CIPC will allow voluntary deregistration applications in terms of Section 82(3) of...


Read More
Labour inspectors on a mission logo

Labour inspectors on a mission

Department of Employment and Labour Inspectorate recovers over R2 Million rands for non-compliance w...


Read More
Trust Accounts: Legal Practitioners logo

Trust Accounts: Legal Practitioners

The LPFF (Legal Practitioners Fidelity Fund) has issued 4 important publications re Engagements on L...


Read More
2022 Trust Account Audits (Property Practitioners) logo

The PPRA (Property Practitioners Regulatory Authority) has issued a document emphasizing some transi...


Read More
GRAP: Useful lives of assets logo

GRAP: Useful lives of assets

The ASB has published Newsletter #4, where they discuss and confirm a few points to remember on the...


Read More
Discretionary Grant: deadline extended logo

Discretionary Grant: deadline extended

FASSET has extended the closing date for the Discretionary Grant funding to 7 July 2022.


Read More
Tips for online suppliers on how to ensure compliance with the CPA logo

The Consumer Goods & Services Ombud (CGSO) has published some useful tips for online suppliers on ho...


Read More
Warning against an online retailer logo

Warning against an online retailer

The Consumer Goods and Services Ombud (CGSO) has issued a warning to all consumers against PC Link C...


Read More
Guidance on Principal-Agent Arrangements logo

National Treasury has published guidance in the form of a presentation on the application of GRAP 10...


Read More
JSE Sustainability disclosure Guidance logo

JSE Sustainability disclosure Guidance

JSE has published its first guidance on sustainability and climate disclosures, which illustrates th...


Read More
Section 15 Retirement Fund AUP Engagements logo

The FSCA (Financial Sector Conduct Authority) issued further clarification of the use of certain pre...


Read More
Who is not eligible to register as a Tax Practitioner due to non-compliance? For how long? logo

SARS has issued a Draft Interpretation Note on Persons not eligible to register as a Tax Practitione...


Read More
Office of the Tax Ombud Newsletter logo

Office of the Tax Ombud Newsletter

The Office of the Tax Ombud have issued their Fairplay Newsletter (Issue 24).


Read More
AFS template for government departments logo

AFS template for government departments

National Treasury has published the AFS template for the 2022/2023 financial year for comment and te...


Read More
Who must submit returns for the 2022 tax year? logo

SARS has gazetted the schedule that specifies the persons who must submit returns for the 2022 year...


Read More
FAQs re the Companies Act logo

FAQs re the Companies Act

SAICA released 25 FAQs relating to the Companies Act addressing issues raised by SAICA members and a...


Read More
Reminder: Trusts have a duty to register for income tax purposes logo

SARS have published information to remind trusts of their duty to register trusts for income tax pur...


Read More
Urgent clarification on the status of Standards GRAP logo

The Accounting Standards Board (ASB) has issued an urgent clarification on the status of Standards o...


Read More
Tax practitioner registration & CPE: Changes to the Recognised Controlling Body criteria and processes by the SARS logo

SARS announces changes to the Recognised Controlling Bodies (RCBs) criteria and certain processes (i...


Read More
Implications for SA of new Revised Definition of PIEs logo

IRBA announced that they will now consider the impact that the revised the IESBA Code has on the IRB...


Read More
Revised GRAP 25 (Employee Benefits) logo

Revised GRAP 25 (Employee Benefits)

The Office of the Accounting-General in the Department of National Treasury has issued Revised GRAP...


Read More
Directors’ critical governance role in integrated corporate reporting logo

IFAC has issued a publication confirming that Boards of Directors have a critical governance role in...


Read More
New SCOA Circular issued by National Treasury logo

National Treasury has issued a New SCOA circular on the allocation of expenditure in response to the...


Read More
CGSO Newsletter: 1st quarter 2022 logo

CGSO Newsletter: 1st quarter 2022

The CGSO’s latest newsletter covers the period January to March 2022, and contains interesting case...


Read More
CIPC Practice Note on Independent Review logo

CIPC has issued a Practice Note to clarify the additional reporting requirement for Annual Reporting...


Read More
Deregistration from Compensation Fund logo

Deregistration from Compensation Fund

The Compensation Commissioner gazetted and released Form CF-1C Application for employer deregistrati...


Read More
Professional skepticism and inquiring mind logo

IFAC has published an article on Professional skepticism and inquiring mind - connecting the standar...


Read More
New Guidance on Fraud in an Audit of Financial Statements logo

The IAASB has Issued New Non-Authoritative Guidance on Fraud in an Audit of Financial Statements.


Read More
Updated FAQs on MCS published logo

Updated FAQs on MCS published

The Office of the Accountant General in National Treasury has published a new FAQ document on the ap...


Read More
Mindset and Enabling Skills of Professional Accountants logo

CPA Canada, ICAS, IESBA and IFAC release the 4th and final publication in series exploring Ethics in...


Read More
ISA 600: Fact sheet logo

ISA 600: Fact sheet

The IAASB published a factsheet on the revised ISA 600: standard for audits of group financial state...


Read More
Anti-Money Laundering: new Installment 9: Tools to fight back logo

IFAC released a new installment in the Anti-Money Laundering: The Basics educational series: Install...


Read More
Anti-fraud leaflet logo

Anti-fraud leaflet

SARS has published an Anti-fraud leaflet to assist taxpayers in protecting their tax profile from fr...


Read More
2022 Tax Debt Management Guide logo

2022 Tax Debt Management Guide

SAICA has published their 2022 Tax Debt Management Guide, which includes the various provisions in t...


Read More
GRAP 19 accounting manual/guideline updated logo

The Office of the Accounting-General in the Department of National Treasury has published an update...


Read More
Direct Marketing: info and tips logo

Direct Marketing: info and tips

The Consumer Goods & Services Ombud (CGSO) has published some interesting facts that both suppliers...


Read More
Trade Mark Certificates logo

Trade Mark Certificates

CIPC has issued a Practice Note stating that all trade mark related certificates will be issued elec...


Read More
NEW! Revised standard for group audits logo

The IAASB have published the Revised standard for group audits, which includes new and revised requi...


Read More
Final Pronouncement: Revisions to the Definitions of Listed Entity and Public Interest Entity in the Code logo

The IESBA released the Final Pronouncement: Revisions to the Definitions of Listed Entity and Public...


Read More
CIPC: Status update on file transition project logo

CIPC confirmed that even though the move of files to the new storage facility was complete, delays w...


Read More
Educational material on the application of IAS 12 – Income Taxes logo

SAICA has published educational material on the application of IAS 12 – Income Taxes and IFRS for SM...


Read More
GRAP Tool on GRAP 13 logo

GRAP Tool on GRAP 13

National Treasury has published GRAP tool on GRAP 13: Leases.


Read More
GRAP Accounting and Disclosure Checklist 2022 logo

National Treasury has published the 2022 GRAP Accounting and Disclosure/Compliance Checklist.


Read More
Accounting Guideline on GRAP 1 logo

Accounting Guideline on GRAP 1

The Office of the Accounting-General in the Department of National Treasury has published Accounting...


Read More
Modified Cash Standard FAQs logo

Modified Cash Standard FAQs

National Treasury has published Annual Financial Statements 2021/2022 FAQs on Modified Cash Standard...


Read More
Legal compliance considerations in a virtual environment logo

SAICA has released FAQs (Frequently Asked Questions) on Legal compliance considerations in a virtual...


Read More
Updated Guide on Retention of Records logo

Updated Guide on Retention of Records

The updated SAICA Retention of records guide has been released.


Read More
Anti-fraud collaboration webpage logo

Anti-fraud collaboration webpage

Audit committees and external auditors can find resources on deterring and detecting fraud by visiti...


Read More
Property Practitioners: Guidelines on Audit and Trust Accounts logo

The Property Practitioners Regulatory Authority invites inputs and comments on the draft Guidelines...


Read More
Anti-Money Laundering: new Installment 8: Recent Crime Trends logo

IFAC released a new installment in the Anti-Money Laundering: The Basics educational series: Install...


Read More
Four skills internal auditors should develop now logo

The Institute of Internal Auditors have published an article that takes a look at 4 skills internal...


Read More
Identifying and mitigating bias and mis- and disinformation logo

IFAC released the 3rd publication in a 4-part thought-leadership series examining the impact of rapi...


Read More
New IFAC Digital platform assists public sector transition from Cash to Accrual accounting logo

IFAC launched a new digital platform, Pathways to Accrual


Read More
Anti-Money Laundering: new Installment 7: Virtual Assets logo

IFAC released a new installment in the Anti-Money Laundering: The Basics educational series: Install...


Read More
Independence expectations in Group Audits: Revisions to the Code logo

IESBA released the Exposure Draft: Proposed Revisions to the Code Relating to the Definition of Enga...


Read More
Summary Update on Covid19 TERS and UIF payments logo

The Department of Labour provided an Update on Covid-19 TERS and normal UIF benefit payments in Limp...


Read More
IFAC_Time for action on sustainability logo

IFAC_Time for action on sustainability

IFAC has published an explanatory document that states that it is time for action on sustainability,...


Read More
CPA Guidelines for calculating cancellation penalty logo

The CGSO has published the 2nd Part of information that provides guidelines for calculating cancella...


Read More
Quality Management: Focus area logo

Quality Management: Focus area

The IAASB have created a dedicated webpage with all their resources that relate to the new and revis...


Read More
Proposed Technology-related enhancements to Global Ethics Code logo

IESBA has issued an Exposure Draft on Proposed Technology-related Revisions to the Code.


Read More
Name Reservation and Approval logo

Name Reservation and Approval

CIPC confirms that a for-profit company may be registered without a name.


Read More
New International Public Sector Accounting Standards (IPSAS) issued logo

International Public Sector Accounting Standards (IPSAS) 43 on Leases was approved and will replace...


Read More
New platform available to access International Standards logo

IFAC has launched their handy new platform available to access International Standards.


Read More
Updated proposed on Conceptual Framework designed for the public sector logo

The ASB issued ED 197 on proposed Conceptual Framework Update: Chapter 3, Qualitative Characteristic...


Read More
Reminder: Co-operatives to submit financial statements via XBRL from 1 April 2022 logo

Reminder: Co-operatives to submit financ...

Remember that Co-operatives have to submit financial statements via XBRL from 1 April 2022.


Read More
SAICA: Updated FAQs on application of the ISAs logo

SAICA: Updated FAQs on application of th...

SAICA has updated the previously published FAQs on application of the ISAs on matters arising from m...


Read More
Consumer Goods and Services Ombud (CGSO) urges all eligible suppliers to join Ombud urgently logo

Consumer Goods and Services Ombud (CGSO)...

The Consumer Goods and Services Ombud (CGSO) has announced that all eligible suppliers of consumer g...


Read More
Certification requirements for documents filed with the CIPC logo

Certification requirements for documents...

CIPC has issued a Practice Note to confirm the Certification requirements for documents filed with t...


Read More
Consumer Goods and Services Ombud (CGSO) issues 1st warning of 2022 against e-commerce retailer logo

Consumer Goods and Services Ombud (CGSO)...

The Consumer Goods and Services Ombud (CGSO) has issued a warning to all consumers against Online at...


Read More
Consumer Goods and Services Ombud (CGSO): Contracts, COVID, Cancellations and the CPA - Part 1 logo

Consumer Goods and Services Ombud (CGSO)...

The CGSO has published the 1st Part of information that clarifies the confusion about the rights and...


Read More
FAQs on Revised Fee-related Provisions of IESBA Code logo

FAQs on Revised Fee-related Provisions o...

The Staff of the International Ethics Standards Board for Accountants (IESBA) released a set of freq...


Read More
Reminder: The new AUP standard is now effective! logo

Reminder: The new AUP standard is now ef...

The Revised ISRS 4400 is now effective for Agreed-Upon Procedures engagements for which the terms of...


Read More
Body Corporate Template AFS 2021 logo

Body Corporate Template AFS 2021

SAICA has issued the draft IFRS for SMEs Illustrative Financial Statements for Body Corporates.


Read More
How to account for Inventory write-offs and costs due to civil unrest in SA logo

How to account for Inventory write-offs...

SAICA has published educational material on presentation of inventory write-offs and costs as a resu...


Read More
2022 MTEF Guidelines for Public Entities logo

2022 MTEF Guidelines for Public Entities

National Treasury has issued Public Entities MTEF (Medium Term Exposure Framework) guidelines for co...


Read More
NEW! SAICA 2022 Training Regulations logo

NEW! SAICA 2022 Training Regulations

SAICA has published the new 2022 Training Regulations, which become effective on 1 January 2022.


Read More
CIPC: Appointing and resignation of auditors using the online services logo

CIPC: Appointing and resignation of audi...

CIPC have announced that only the current directors and/or the current company secretary of the comp...


Read More
Important SAICA Deadline! logo

Important SAICA Deadline!

As per SAICA’s CPD policy, all SAICA members and associates need to complete their annual declaratio...


Read More
Fraudulent scheme by directors - who gets the proceeds? logo

Fraudulent scheme by directors - who get...

If the directors of a company defraud its customers, the proceeds can belong to the company.


Read More
CIPC Alternative to call centre logo

CIPC Alternative to call centre

Due to technical difficulties, the CIPC call centre is currently closed. CIPC suggests using the En...


Read More
IAASB & IFAC: Less Complex Entities Consultation Survey logo

IAASB & IFAC: Less Complex Entities Cons...

IAASB &IFAC have released the Less Complex Entities Consultation Survey, as an easy alternative to p...


Read More
Reminder: ISRS 4400 (Agreed-Upon Procedures engagements) logo

Reminder: ISRS 4400 (Agreed-Upon Procedu...

ISRS 4400 (Revised) will be effective for AUP engagements for which the terms of engagement are agre...


Read More
Draft Companies Amendment Bill: Some good news for companies undertaking share buy-backs logo

Draft Companies Amendment Bill: Some goo...

An interesting proposal in the Draft Companies Amendment Bill is that all share buy-backs in terms o...


Read More
POPIA for community schemes and gated communities logo

POPIA for community schemes and gated co...

Community schemes and gated communities that do not meet the requirements of POPIA face hefty fines,...


Read More
ASB proposes changes to the Standard on heritage assets (GRAP103) logo

ASB proposes changes to the Standard on...

The Accounting Standards Board (ASB) issued ED195 with proposed amendments to GRAP 103 on Heritage A...


Read More
Compensation Commissioner: Notice on banking information requirements for Occupational Injuries and Diseases related claims logo

Compensation Commissioner: Notice on ban...

The Compensation Commissioner issued a notice on banking information requirements in terms of sectio...


Read More
Directors: Increased obligations and potential exposure to liability as set out in the Companies Act logo

Directors: Increased obligations and pot...

Directors need to be aware of the increased obligations and potential exposure to liability as set o...


Read More
Co-operative Annual returns and Annual submissions logo

Co-operative Annual returns and Annual s...

The Co-operatives Division at the CIPC published a Notice on the requirements of submitting the annu...


Read More
Latest Community Schemes Ombud Service (CSOS) Circulars logo

Latest Community Schemes Ombud Service (...

The CSOS (Community Schemes Ombud Service) has issued 3 Circulars on, inter alia: the Opening of a B...


Read More
Default

3 Public Sector tools

3 Public Sector tools that are applicable to the financial year ending 31 March 2022, have been issu...


Read More
Filling of joint business rescue practitioner appointments logo

Filling of joint business rescue practit...

The new eservices system is designed to cater for joint appointments of business rescue practitioner...


Read More
IAASB First-time Implementation Guide for ISQM 1 Updated and Reissued logo

IAASB First-time Implementation Guide fo...

The International Auditing and Assurance Standards Board (IAASB) has released an updated version of...


Read More
IAASB Handbook: electronic version logo

IAASB Handbook: electronic version

The IAASB published the electronic version of their 2020 Handbook of International Quality Control,...


Read More
King Committee Guidance papers logo

King Committee Guidance papers

The King Committee released 3 guidance papers on: climate change, corporate failures and stakeholder...


Read More
NB! Deadline extended re Legal Practitioner’s Trust Accounts logo

NB! Deadline extended re Legal Practitio...

The LPC (Legal Practice Council) has extended the date for submission of trust account auditor’s rep...


Read More
Summary of IFAC Code amendments for SMPs logo

Summary of IFAC Code amendments for SMPs

IFAC has published a handy summary of all 2020 and 2021 Code amendments from the perspective of a SM...


Read More
IESBA: Proposed Quality Management-related Conforming Amendments to the Code logo

IESBA issued proposed conforming amendments to the Code based on the new quality management standard...


Read More
Block exemption - Essential goods logo

Block exemption - Essential goods

The Minister of Trade, Industry and Competition issued Block Exemptions for the Security of Supply o...


Read More
CIPC: Practice Guideline re Independent Review logo

CIPC: Practice Guideline re Independent...

CIPC has issued a Practice Guideline to facilitate compliance with Companies Regulation 29, and to u...


Read More
CIPC File Transition Project to possibly cause delays logo

CIPC is busy moving files and inform customers of possible delays over the next 4 months (until late...


Read More
SAICA Retention of records guide updated logo

SAICA has revised and issued the updated Guide on the retention of records, which refers to the legi...


Read More
CIPC delays the launch of automated Business Rescue services postponed logo

CIPC has announced a delay in the release of automation of business rescue proceedings, business res...


Read More
IESBA Launches the Post-Implementation Review of the Long Association International Independence Standard logo

The International Ethics Standards Board for Accountants (IESBA) has released a questionnaire that s...


Read More
SA's new debit order system logo

SA's new debit order system

South Africa's new debit order system, DebiCheck, came into effect on 1 May 2021.


Read More
SAICA Revised IFRS Circular 1/2021 – Headline Earnings logo

Circular 1/2021 – Headline Earnings was revised and issued by SAICA to amend the detailed rules pert...


Read More
Default

The Council for Medical Schemes has issued guidance on the submission of COVID-19 related financial...


Read More
CIPC’s New Automated Processes & latest notices issued logo

CIPC will be introducing a new registration system called K2 (automated processes) to simplify the p...


Read More
Default

Taxpayers and accountants are being left to sort out a mess brought on by some truly awful decisions...


Read More
New Minimum Wage effective from 1 March 2021 logo

New Minimum Wage effective from 1 March...

1 March 2021 will see the introduction of the increased national minimum wage.


Read More
IASB amends 3 Standards to improve accounting policy disclosures and clarify distinction between accounting policies and accounting estimates logo

IASB amends 3 Standards to improve accou...

The IASB (International Accounting Standards Board) has issued narrow-scope amendments to the follow...


Read More
New Employee earnings threshold effective from 1 March 2021 logo

New Employee earnings threshold effectiv...

With effect from 1 March 2021, the BCEA earnings threshold will increase to R211 596.30 per annum (a...


Read More
New Legal opinion on trainee severance pay due to COVID-19 logo

New Legal opinion on trainee severance p...

SAICA obtained an opinion on severance pay payable to trainees who may be retrenched for reasons res...


Read More
Evolving risks from Money Laundering, Terrorist Financing and Cybercrime logo

Evolving risks from Money Laundering, Te...

IESBA (International Ethics Standards Board for Accountants) have published a staff alert on the evo...


Read More
Default

Lifting exchange control rules on loop structures is intended to attract foreign investment to SA


Read More
SARS MobiApp Enhancements logo

SARS MobiApp Enhancements

SARS have updated their guide to the SARS MobiApp to include the new enhancements.


Read More
IESBA proposes holistic approach to defining a PIE (Public Interest Entity) logo

IESBA proposes holistic approach to defi...

The proposed revisions broaden the definition of a public interest entity (PIE) to include more cate...


Read More
NEW! Updated Schedule of write-off periods acceptable to SARS logo

NEW! Updated Schedule of write-off perio...

SARS have updated and issued BGR (Binding General Ruling) 7 on Wear-and-Tear Allowances, including t...


Read More
The Companies and Intellectual Property Commission (CIPC) has released 2 new notices logo

The Companies and Intellectual Property...

The Companies and Intellectual Property Commission (“CIPC”) has released 2 new notices.


Read More
The Independent Regulatory Board for Auditors (IRBA) Board of Directors dissolved logo

The Independent Regulatory Board for Aud...

IRBA’s Board of Directors was dissolved by the Minister of Finance, taking into account the resignat...


Read More
Guide released on new SARS eFiling Browser logo

Guide released on new SARS eFiling Brows...

SARS have published a brand new guide on how to download the new SARS eFiling Browser.


Read More
The International Federation of Accountants (IFAC) Releases New International Standard Support Resources re ISRS 4400 (Agreed-Upon Procedures) logo

The International Federation of Accounta...

The International Federation of Accountants (IFAC) has updated and published 2 support documents tha...


Read More
SAICA issued the new 2021 Training Regulations logo

SAICA issued the new 2021 Training Regul...

SAICA issued the latest Training Regulations which are effective from 1 January 2021.


Read More
Default

Infiniti provides a tool to guide your p...

Saica has recently changed its CPD policy from input-based (in other words, a requirement to put in...


Read More
Accountex Virtual Summits go Global logo

Accountex Virtual Summits go Global

Accountex is going global this autumn, with the launch of two new virtual summits for South African...


Read More
IRBA re LP Trust Accounts logo

IRBA re LP Trust Accounts

IRBA advises on very important information re Legal Practitioners’ Trust Accounts.


Read More
Closing Dates for UIF COVID-19 TERS Benefit Payments logo

Closing Dates for UIF COVID-19 TERS Bene...

The Department of Employment and Labour has confirmed the closing dates for UIF COVID-19 TERS benefi...


Read More
IRBA: no more extensions for 2nd RI reports logo

IRBA: no more extensions for 2nd RI repo...

IRBA is no longer considering written requests for extensions for submissions of second Reportable I...


Read More
Compensation for Occupational Injuries and Diseases Act (COIDA) Bill introduces new laws for domestic workers in South Africa logo

Compensation for Occupational Injuries a...

COIDA Amendment Bill now includes domestic workers and gardeners in the definition of an “employee”,...


Read More
Unilateral change to employee’s retirement age logo

Unilateral change to employee’s retireme...

Unilateral change to employee’s retirement age may constitute an automatically unfair dismissal in t...


Read More
New SARS guide on Third Party Appointments logo

New SARS guide on Third Party Appointmen...

SARS publishes new guide on Third Party Appointments via eFiling.


Read More
Submission of AFS using GRAP in XBRL logo

Submission of AFS using GRAP in XBRL

State Owned Companies (SOCs) can now submit their GRAP AFSs in the XBRL format from 1 October 2020.


Read More
NEW! UIF TERS Updates logo

NEW! UIF TERS Updates

UIF TERS benefit payments have been suspended again, and the TERS system will be unavailable for the...


Read More
CIPC Guidance Note 2 of 2020: Director quick reference guide logo

CIPC Guidance Note 2 of 2020: Director q...

CIPC released a guide in terms of Regulation 4 of the Companies Regulations 2011 to highlight critic...


Read More
IRBA proposes amendments to the Code re electronic signatures logo

IRBA proposes amendments to the Code re...

IRBA issues Proposed Amendments to the Code of Professional Conduct for Registered Auditors: Propose...


Read More
UIF TERS extension some companies may not qualify logo

UIF TERS extension some companies may no...

A recent radio interview confirms that the TERS extension to 15 September 2020 only applies to certa...


Read More
IRBA issues Guide for RAs on Joint Audit Engagements logo

IRBA issues Guide for RAs on Joint Audit...

IRBA has issued a Guide for Registered Auditors: Joint Audit Engagements


Read More
IFAC: Exploring the IESBA Code Nr 9 – NOCLAR for professional accountants in public practice (PAPPs) logo

IFAC: Exploring the IESBA Code Nr 9 – NO...

IFAC released the latest installment of Exploring the IESBA Code – Installment 9: Responding to Non-...


Read More
SARS: New developments in next phase of Individual Filing Season logo

SARS: New developments in next phase of...

SARS have a number of new service offerings to assist taxpayers in the next phase of individual fili...


Read More
TERS payments reinstated logo

TERS payments reinstated

After applicants were left hanging for 24 hours, UIF lifts suspension on TERS benefit.


Read More
Inability to hold AGMs logo

Inability to hold AGMs

Can’t hold AGM due to COVID-19? Contact the Companies Tribunal!


Read More
IASB issues IFRS Taxonomy Update to IFRS 16 logo

On 18 August 2020, the IASB issued an update to the IFRS Taxonomy 2020 for Covid-19-Related Rent Con...


Read More
Estates: Master releases Directive 1 of 2020 logo

Estates: Master releases Directive 1 of...

Master’s office released Directive 1 of 2020 to address concerns regarding the placement of adverts...


Read More
SARS Updated Income Tax Exemption Application Checklist logo

SARS has issued an updated Income Tax Exemption Application Checklist.


Read More
TERS Update: Vulnerable employees and employees affected by COVID-19 regulations and directives logo

The new TERS directive published in August 2020 makes provision for 2 further applicants to apply fo...


Read More
SARS Notifications re progress of your audit case logo

You will now receive notifications from SARS to see the progress of your audit case.


Read More
Applications for TERS benefit extension to open next week logo

Applications for TERS benefit extension...

The directive allowing for the extended Covid-19 relief scheme has finally been signed and applicati...


Read More
SAICA: Guidance on sign off of financial reporting controls logo

SAICA issues guidance on CEO and FD sign off of internal financial reporting controls


Read More
CIPC warns: File all outstanding Annual Returns or be deregistered! logo

CIPC warns: File all outstanding Annual...

The Companies and Intellectual Property Commission (CIPC) advises customers that it would be finally...


Read More
Where and how should COVID-19 impacts be presented in the income statement and related notes? logo

Whether a company presents its COVID-19 impacts on the face of the income statement or discloses the...


Read More
IFAC: Exploring the IESBA Code - NOCLAR for professional accountants in business (PAIBs) logo

IFAC: Exploring the IESBA Code - NOCLAR...

IFAC releases latest installment of Exploring the IESBA Code – Installment 8: Responding to Non-Comp...


Read More
SASSA: Payment method changes for COVID-19 Grant available for a week logo

SASSA will be opening the system to enable approved applicants to change their method of SRD payment...


Read More
Professional Scepticism explained logo

Professional Scepticism explained

This article attempts to clarify the concept of professional scepticism and how auditors can practic...


Read More
Consumer Goods and Services Ombud (CGSO) Stakeholder Newsletter logo

The CGSO have published their 2nd quarterly newsletter for 2020.


Read More
CIPC re directors’ remuneration when AFS are voluntarily audited logo

CIPC urges entities to comply with the requirement to disclose remuneration and benefits of director...


Read More
Consumer Goods and Services Ombud (CGSO) Payments made in error must be returned logo

If a payment is made to a business in error, should it be fully refunded?


Read More
Small Business - Tax Relief Measures leaflet for SMMEs logo

This leaflet is a quick reference to the draft Disaster Management Tax Relief Administration Bill, a...


Read More
SARS warns of 3 new scams logo

SARS warns of 3 new scams

SARS warns the public against 3 new phishing scams purporting to be from SARS, including threatening...


Read More
UIF TERS relief payments extended by 6 weeks! logo

The SA Government has decided to extend the COVID-19 Temporary Employee Relief Scheme (TERS) benefit...


Read More
CIPC confirms recommencement of referral for deregistration of non-compliant companies and close corporations logo

CIPC will once again start to automatically refer non-compliant companies and close corporations for...


Read More
CIPC announces NEW method of confirming Business Rescue issues and BRP appointments logo

CIPC announces the NEW method of issuing confirmations of processing COR123.1, COR125.2, COR125.3, a...


Read More
UIF confirms New Login Rules for UIF TERS applications logo

The UIF COVID-19 TERS National Disaster Application System now displays the New Login Rules. COVID-1...


Read More
CIPC advises on regulatory compliance during National Lockdown logo

CIPC confirms that regulatory and operational concessions and arrangements made in certain Notices,...


Read More
Tribunal reaches consent on 3 more cases relating to COVID-19 excessive pricing complaints logo

Competition Tribunal confirms 3 more consent agreements relating to COVID-19 excessive pricing compl...


Read More
IAASB issues Staff Audit Practice Alert re Auditing Accounting Estimates due to COVID19 logo

This Staff Audit Practice Alert highlights key areas of focus in the current environment when undert...


Read More
Dis-Chem fined R1,2million after long-awaited guilty verdict on charging excessive prices during COVID-19 logo

The Competition Tribunal has found Dis-Chem Pharmacies Limited (Dis-Chem) guilty of charging excessi...


Read More
IRBA issues Staff Audit Practice Alert 5: The Auditor's Considerations with respect to Transaction that are not at Arm's Length logo

This IRBA Staff Audit Practice Alert serves to provide auditors with guidance and considerations to...


Read More
International Auditing and Assurance Standards Board (IAASB) issues Staff Audit Practice Alert re Review Engagements on Interim Reporting logo

This Staff Audit Practice Alert highlights key considerations for auditors performing reviews of int...


Read More
IRBA alerts auditors regarding the possible impact of the COVID-19 pandemic on the reporting of interim financial information logo

The 2020 interim reporting period is expected to disclose information over and above what is typical...


Read More
Estate Agency Affairs Board (EAAB) Waives Penalties for Late Audit Submissions logo

There are no fines for late submissions for audit reports of estate agents’ business and trust accou...


Read More
Accounting in the age of coronavirus logo

Accounting in the age of coronavirus

There are several challenges arising from the coronavirus that impact the accounting profession.


Read More
SARS will start issuing "auto-assessments" to taxpayers from 1 August 2020 logo

The third phase of Filing Season 2020 opens on 1 August 2020, and is referred to as the “auto-assess...


Read More
Legal Practitioners Fidelity Fund (LPFF) clarifies Payment of Unclaimed and Unknown trust monies in accordance with Section 87(4) of the Legal Practice Act. logo

The Legal Practice Act, No. 28 of 2014 (LPA) makes it mandatory for Legal Practitioners to pay any u...


Read More
IRBA issues Staff Audit Practice Alert 4: A South African Perspective on the Auditor's Considerations Relating to Fraud, for use by registered auditors logo

This IRBA Staff Audit Practice Alert provides auditors with implementation guidance in responding to...


Read More
Tax treatment of losses incurred during lockdown logo

Individuals and business who incur expenditure or losses as a result of the COVID-19 pandemic, must...


Read More
Refusal to work by employee due to COVID-19 logo

An employer may not take any disciplinary action against an employee for exercising his right to ref...


Read More
Taxing Times: What the post-Covid world means for taxes logo

Tax agencies worldwide are shifting their focus from short-term relief to longer-term pro-growth inc...


Read More
Estate Agency Affairs Board (EAAB) provides guidelines to the public and estate agents on how to conduct business during COVID-19 logo

The EAAB (Estate Agency Affairs Board) has issued guidelines which aims to assist employers, employe...


Read More
Employment and Labour Head Office and its entity Compensation Fund temporarily closes to deal with covid-19 cases but continues to process claims logo

The Department of Employment and Labour head office and its entity the Compensation Fund offices, wi...


Read More
After a lost decade, now it’s time to focus on the post-Covid rebuilding process logo

The Covid crisis has gifted SA a once-in-a-generation opportunity to reform what's broken about the...


Read More
Competition Tribunal confirms fines for COVID-19 price increases logo

The Competition Commission summarised the outcome of hearings by the Competition Tribunal against co...


Read More
International Accounting Standards Board (IASB) issues amendments to IAS 16 regarding proceeds before intended use logo

The amendments prohibit a company from deducting from the cost of property, plant and equipment amou...


Read More
Default

The COVID-19 pandemic presents a unique set of circumstances and challenges to the financial reporti...


Read More
International Accounting Standards Board (IASB) issues amendment to IFRS 16 regarding COVID-19-related rent concessions logo

The IASB (International Accounting Standards Board) has issued an amendment to IFRS 16 Leases (effec...


Read More
National Employers’ Association of South Africa (NEASA) has dissected the most important regulations into separate categories logo

All industries, business entities, both private and in the public sector, that are permitted to oper...


Read More
A thundering defeat for government over lockdown regulations logo

The Pretoria High Court has delivered a thundering defeat to government over its "irrational" lockdo...


Read More
IAASB issues illustrative examples for auditing simple and complex accounting estimates logo

The examples demonstrate how an auditor’s work effort, to comply with the requirements of ISA 540 (R...


Read More
The Accounting Standards Board (ASB) has issued guidelines on accounting implications for COVID-19 logo

This document outlines the high-level issues that entities that apply Standards of GRAP should consi...


Read More
IAASB releases COVID-19 related guidance for auditor reporting logo

This Staff Audit Practice Alert highlights potential implications on audit reports, independent revi...


Read More
Clarification on the Audit Requirements relating to the Business Accounts of Legal Practitioners logo

In withdrawing the non-binding legal opinion, CIPC has made it clear that legal practitioners that a...


Read More
CIPC to implement a new card payment system for all services logo

The new card payment system will require customers to transact with CIPC using debit and credit card...


Read More
International Auditing and Assurance Standards Board (IAASB) issued Staff Practice Alert on Audit considerations of subsequent events for the impact of COVID-19 logo

This publication has been prepared to highlight key areas of focus in the current environment when u...


Read More
UIF issues Final letter to TERS benefits recipients logo

Employers who have received TERS benefits are advised to complete and return the letter, as failure...


Read More
Competition Commission releases New Buyer Power Guidelines that give Boost to Small Businesses logo

The Competition Commission has issued the Price Discrimination and Buyer Power Guidelines aimed at b...


Read More
Legal Practice Council (LPC) extends submission date of auditors’ reports on trust accounts logo

The Legal Practice Council extended the submission date of trust account auditor’s reports by one mo...


Read More
SAICA Education Modules re COVD-19 Financial Reporting logo

SAICA has compiled and issued educational material on 12 Financial Reporting topics that require spe...


Read More
Consumer Goods And Services Ombud (CGSO) clarifies when you can return clothing bought during Level 4 Lockdown logo

Consumers are returning clothing bought during Level 4 Lockdown, and some clothing suppliers are not...


Read More
Banks launch online application portals for Covid-19 SME loans logo

The major banks this week launched their online portals providing loans to small and medium-sized bu...


Read More
IESBA released Q&As on COVID-19: Ethics and Independence Considerations logo

To help accountants navigate ethics and independence issues that might arise during the COVID-19 pan...


Read More
DoL released OHS measures that employers must implement in the workplace logo

The Department of Labour (DoL) has released Occupational Health and Safety Measures to reduce and el...


Read More
SAICA issues clarification re COVID-19 TERS misunderstanding logo

SAICA met with the UIF Commissioner and have issued a media statement on 7 May 2020 (containing 4 de...


Read More
UIF clarifies deadline for COVID19 TERS claims logo

The Department of Labour clarified that no deadline has been reached for UIF COVID-19 TERS claims. T...


Read More
CIPC reopens on 6 May 2020 logo

CIPC reopens on 6 May 2020

Today, 6 May 2020, CIPC has incrementally recommenced back office processing services for Companies...


Read More
You don’t qualify for bank assistance? Good, you’ve dodged a bullet logo

The relief packages offered by banks could be the cause of untold legal cases in the months to come.


Read More
Counting the economic cost of the lockdown  logo

The economic costs of the Covid-19 lockdown are horrific. Here are some of them.


Read More
Here are some alternative funding sources for cash-strapped businesses logo

Fintech companies offering 90-minute loan approvals are seeing a spike in loan applications


Read More
Look who’s winning during lockdown logo

Look who’s winning during lockdown

Netflix, Zoom, teleconferencing - and SA Accounting Academy.


Read More
Here's the Covid relief being offered by the commercial banks  logo

It's a bit of a damp squib compared to other countries.


Read More
March 2020 monthly compliance update: Audit in the time of coronavirus, and other regulatory news logo

The month of March 2020 will be remembered for the Covid-19 lockdown, the 9/11 of our age.


Read More
Covid-19 financial assistance hub logo

Covid-19 financial assistance hub

All on one page, the places where you can find assistance to help you through the Covid-19 crisis


Read More
It's a Covid lockdown. Here are Ramaphosa's support measures for businesses and employees  logo

A range of measures are planned to limit the economic effects of the Coronavirus.


Read More
Taxpayer loses 2-1 against Sars in capital gains tax case  logo

A recent case involving an unnamed taxpayer didn't quite go as planned.


Read More
Audit in the time of coronavirus: a tale of two regulators logo

Already we are seeing a weakening of audit standards under the cloak of Covid-19


Read More
CIPC issues notice ditching compliance checklist for smaller companies logo

The CIPC has ditched the proposed compulsory compliance checklist for smaller companies.


Read More
It just got a whole lot easier to do business in SA logo

New web platform makes it possible to register a company in minutes.


Read More
SAAA brings accounting services and hope to the townships logo

Here's how SA Accounting Academy is helping bring accounting services to the townships


Read More
Monthly Compliance and Legislation Update for January 2020 logo

Monthly Compliance and Legislation Updat...

It's been a busy period in court for SA Revenue Services, while accounting standard setters debate i...


Read More
CIPC compliance checklist raises concerns logo

CIPC compliance checklist raises concern...

The CIPC Compliance Checklist became effective on 1 January 2020 but is raising concerns among accou...


Read More
Need Help ?

Explore Smarty