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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...


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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...


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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...


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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...


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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...


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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...


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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...


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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...


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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...


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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...


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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...


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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...


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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...


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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...


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ISA for LCE: FAQs logo

ISA for LCE: FAQs

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


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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...


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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...


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CIPC: Customer Refunds logo

CIPC: Customer Refunds

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


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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.


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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...


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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...


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IRBA: News #63 logo

IRBA: News #63

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


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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...


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IAASB: New Handbook logo

IAASB: New Handbook

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


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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.


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Deceased Estates: Master’s Online Registration system logo

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


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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.


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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...


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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...


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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...


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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...


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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)...


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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...


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IESBA: New 2023 Handbook logo

IESBA: New 2023 Handbook

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


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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...


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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...


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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...


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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...


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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...


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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...


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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...


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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...


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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...


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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...


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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...


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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...


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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...


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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...


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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.


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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...


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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,...


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SARS: Clarity on ITR12T logo

SARS: Clarity on ITR12T

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


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CIPC: Compliance Checklist Report logo

CIPC: Compliance Checklist Report

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


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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...


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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...


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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...


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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...


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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...


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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...


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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...


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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...


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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...


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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...


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

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


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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...


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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...


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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...


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

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


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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...


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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...


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IRBA: Review of SAAEPS 1: Sustainability Assurance Engagements logo

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


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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...


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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...


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IAASB: Proposed Global Sustainability Assurance Standard ISSA 5000 logo

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


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EE Compliance Certificate: Department of Labour logo

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


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Office of the Tax Ombud Newsletter

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


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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...


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CIPC: Directors to provide evidence of info submitted logo

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


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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...


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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...


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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...


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SARS Tax Practitioner Unit: Representative Taxpayer logo

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


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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...


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Trust Accounts: Legal Practitioners logo

Trust Accounts: Legal Practitioners

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


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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...


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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...


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CIPC: Securities register and beneficial interest register logo

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


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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...


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IRBA: News issue #62 logo

IRBA: News issue #62

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


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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.


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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...


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POPIA: Information Regulator issued R5mil fine logo

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


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National Small Enterprise Development Bill logo

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


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National Minimum Wage: Exemption requirements logo

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


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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...


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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...


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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.


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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...


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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...


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


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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).


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SARS: 2023 Filing season for Individuals and Trusts logo

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


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SARS: 11 Updated Guides for Filing Season 2023 logo

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


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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...


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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...


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

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


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CIPC: Relaunch and automation of associated name reservation service logo

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


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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...


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Beneficial Ownership FAQs logo

Beneficial Ownership FAQs

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


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COIDA Draft Regulations logo

COIDA Draft Regulations

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


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Average Exchange Rates logo

Average Exchange Rates

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


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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...


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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...


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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...


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Guide: Enhancing Greenhouse Gas (GHG) Reporting logo

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


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


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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...


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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...


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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...


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Money Laundering: case studies logo

Money Laundering: case studies

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


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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.


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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...


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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...


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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...


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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...


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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...


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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...


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Beneficial Ownership: User Guide logo

Beneficial Ownership: User Guide

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


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CIPC: Beneficial Ownership filing Guidance logo

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


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SARS: Interpretation Note 74 on Repairs logo

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


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CA2025 Simulations Guideline logo

CA2025 Simulations Guideline

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


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CGSO: Special Tribute Edition Newsletter logo

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


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Companies Tribunal: Newsletter logo

Companies Tribunal: Newsletter

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


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POPIA Enforcement notice issued to Dept of Justice logo

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


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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...


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Telegram Scam logo

Telegram Scam

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


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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...


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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...


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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...


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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...


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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...


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NPO Counter-Money Laundering Regulations in force logo

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


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Online verification of CIPC disclosure certificates logo

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


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Proposed Revisions for Going Concern Standard ISA570 logo

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


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IRBA: News issue #61 logo

IRBA: News issue #61

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


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Explanatory Commentary on Body Corporate Template – Illustrative AFS logo

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


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Public Interest Entity Definitions: Database by Jurisdiction logo

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


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ICB Financial Accounting logo

ICB Financial Accounting

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


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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...


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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...


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Renewable energy incentives logo

Renewable energy incentives

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


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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...


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AGMs: NonBinding Legal Opinion logo

AGMs: NonBinding Legal Opinion

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


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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...


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Transitional relief to support companies applying IFRS S1 & S2 logo

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


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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...


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COIDA: Confirmation of Life logo

COIDA: Confirmation of Life

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


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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...


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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...


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Trustee Beneficial Ownership (BO) register logo

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


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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...


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

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


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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...


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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...


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FIC: Directive on Employee screening logo

FIC: Directive on Employee screening

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


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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...


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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...


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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...


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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...


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CIPC: Beneficial Ownership reporting – demo version shared logo

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


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


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SARS Tax Practitioner Connect Newsletter

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


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


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COIDA FAQs

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


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Why Study Accounting?

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


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COIDA 2022 Return of Earnings due by 31...

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


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


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


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


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Draft Companies Amendment Regulations

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


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Latest FAQs on GRAP

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


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


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Office of the Tax Ombud Newsletter

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


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SMME employee support programme

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


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


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


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


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


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Important! ROE Online System shutdown

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


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NEW! PayShap

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


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NEW! SARS Dispute Rules

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


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


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


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


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


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


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


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SAICA: Code of Professional Conduct – 20...

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


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


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


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


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2023 Budget Summary

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


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


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


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


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Office of the Tax Ombud Newsletter

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


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


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


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


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2022 Sectional Titles Amendment Act now...

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


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CIPC: Conflicting registration numbers a...

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


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CIPC: Annual Return Filing Update

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


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


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IFRS 17 Insurance Contracts comes into e...

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


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CGSO Consumers Alert: Reliable Store

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


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


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


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The Information Regulator's first bite!

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


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IRBA Code: Revised definitions of Listed...

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


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


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Revised Due Process Policy & Revised Sta...

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


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Medical Schemes Accounting Guide

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


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


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


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


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Guideline on Materiality: Modified Cash...

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


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Accounting Guideline on GRAP 108

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


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Accounting Guideline on GRAP 104

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


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


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


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


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


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


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Spotlight on Fraud

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


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


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Ethics considerations in Sustainability...

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


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


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


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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...


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Office of the Tax Ombud: Newsletter

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


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Net zero disclosures - what do investors...

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


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Ethics and Independence: Considerations...

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


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Ethics: Guidance on Application of IESBA...

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


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IFAC Technology Matrix

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


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Final guidelines: small merger notificat...

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


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Accounting for landfill sites

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


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


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


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Proposed revisions to the Headline earni...

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


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AUP Engagements: SAICA_FAQs on Applicati...

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


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CIPC List of Accredited Professional Bod...

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


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CIPC: New call centre system and interac...

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


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Public Schools_Guideline for Preparation...

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


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Heritage Assets

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


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Business rescue practitioners and busine...

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


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Application of the ISAs: Updated FAQs by...

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


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Deactivation of Domain Names

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


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


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Notice of extension cooperatives XBRL

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


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Automation of company records

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


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FSCA issues fines of nearly R30 million

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


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Overview of the latest Communications fr...

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


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Revisions to the NAS Provisions of the C...

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


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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...


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Reminder: Online EE submissions

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


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CIPC Update on file transition project

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


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


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The classification of VAT

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


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Tips for launching advisory services

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


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Q&A: SARS 2022 Filing season

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


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


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FFC 2023 renewal: delays!

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


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Scam re invoice from Standard Bank

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


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SARS Tax Practitioner Connect Newsletter

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


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


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Exposure Draft re Amendments PIEs

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


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


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


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


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Labour inspectors on a mission

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


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Trust Accounts: Legal Practitioners

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


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


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GRAP: Useful lives of assets

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


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Discretionary Grant: deadline extended

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


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


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Warning against an online retailer

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


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


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JSE Sustainability disclosure Guidance

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


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Section 15 Retirement Fund AUP Engagements logo

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


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


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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).


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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...


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


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FAQs re the Companies Act

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


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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...


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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...


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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...


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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...


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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...


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


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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...


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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...


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CIPC Practice Note on Independent Review logo

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


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Deregistration from Compensation Fund

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


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Professional skepticism and inquiring mind logo

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


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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.


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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...


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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...


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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...


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


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Anti-fraud leaflet logo

Anti-fraud leaflet

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


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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...


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GRAP 19 accounting manual/guideline updated logo

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


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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...


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Trade Mark Certificates

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


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NEW! Revised standard for group audits logo

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


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


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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...


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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...


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GRAP Tool on GRAP 13 logo

GRAP Tool on GRAP 13

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


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GRAP Accounting and Disclosure Checklist 2022 logo

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


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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...


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Modified Cash Standard FAQs logo

Modified Cash Standard FAQs

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


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


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Updated Guide on Retention of Records logo

Updated Guide on Retention of Records

The updated SAICA Retention of records guide has been released.


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Anti-fraud collaboration webpage logo

Anti-fraud collaboration webpage

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


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Property Practitioners: Guidelines on Audit and Trust Accounts logo

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


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


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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...


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


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

IFAC launched a new digital platform, Pathways to Accrual


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

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


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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...


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


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IFAC_Time for action on sustainability

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


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


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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...


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Proposed Technology-related enhancements to Global Ethics Code logo

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


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Name Reservation and Approval logo

Name Reservation and Approval

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


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New International Public Sector Accounting Standards (IPSAS) issued logo

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


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New platform available to access International Standards logo

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


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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...


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Reminder: Co-operatives to submit financ...

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


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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...


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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...


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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...


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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...


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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...


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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...


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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...


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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.


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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...


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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...


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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.


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CIPC: Appointing and resignation of audi...

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


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Important SAICA Deadline!

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


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Fraudulent scheme by directors - who get...

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


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CIPC Alternative to call centre

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


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IAASB & IFAC: Less Complex Entities Cons...

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


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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...


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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...


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POPIA for community schemes and gated co...

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


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ASB proposes changes to the Standard on...

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


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Compensation Commissioner: Notice on ban...

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


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Directors: Increased obligations and pot...

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


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Co-operative Annual returns and Annual s...

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


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Latest Community Schemes Ombud Service (...

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


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3 Public Sector tools

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


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Filling of joint business rescue practit...

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


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IAASB First-time Implementation Guide fo...

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


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IAASB Handbook: electronic version

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


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King Committee Guidance papers

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


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NB! Deadline extended re Legal Practitio...

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


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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...


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


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Block exemption - Essential goods

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


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CIPC: Practice Guideline re Independent...

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


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


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


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


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


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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.


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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...


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


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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...


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


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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.


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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...


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New Employee earnings threshold effectiv...

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


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New Legal opinion on trainee severance p...

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


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Evolving risks from Money Laundering, Te...

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


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


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SARS MobiApp Enhancements logo

SARS MobiApp Enhancements

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


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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...


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

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


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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.


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The Independent Regulatory Board for Aud...

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


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Guide released on new SARS eFiling Brows...

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


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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...


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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.


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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...


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Accountex Virtual Summits go Global

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


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IRBA re LP Trust Accounts

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


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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...


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

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


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Compensation for Occupational Injuries a...

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


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Unilateral change to employee’s retireme...

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


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New SARS guide on Third Party Appointmen...

SARS publishes new guide on Third Party Appointments via eFiling.


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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.


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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...


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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...


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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...


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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...


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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


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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-...


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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...


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TERS payments reinstated logo

TERS payments reinstated

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


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Inability to hold AGMs logo

Inability to hold AGMs

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


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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...


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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...


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SARS Updated Income Tax Exemption Application Checklist logo

SARS has issued an updated Income Tax Exemption Application Checklist.


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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...


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SARS Notifications re progress of your audit case logo

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


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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...


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SAICA: Guidance on sign off of financial reporting controls logo

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


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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...


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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...


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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...


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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...


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Professional Scepticism explained logo

Professional Scepticism explained

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


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Consumer Goods and Services Ombud (CGSO) Stakeholder Newsletter logo

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


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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...


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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?


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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...


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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...


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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...


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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...


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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...


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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...


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CIPC advises on regulatory compliance during National Lockdown logo

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


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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...


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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...


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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...


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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...


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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...


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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...


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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...


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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.


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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...


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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...


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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...


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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...


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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...


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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...


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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...


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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...


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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...


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Competition Tribunal confirms fines for COVID-19 price increases logo

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


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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...


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


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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...


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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...


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A thundering defeat for government over lockdown regulations logo

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


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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...


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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...


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IAASB releases COVID-19 related guidance for auditor reporting logo

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


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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...


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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...


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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...


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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...


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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...


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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...


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SAICA Education Modules re COVD-19 Financial Reporting logo

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


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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...


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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...


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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...


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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...


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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...


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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...


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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...


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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.


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Counting the economic cost of the lockdown  logo

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


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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


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Look who’s winning during lockdown logo

Look who’s winning during lockdown

Netflix, Zoom, teleconferencing - and SA Accounting Academy.


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

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


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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.


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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


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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.


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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.


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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


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CIPC issues notice ditching compliance checklist for smaller companies logo

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


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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.


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SAAA brings accounting services and hope to the townships logo

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


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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...


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CIPC compliance checklist raises concern...

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


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