Accounting News

A thundering defeat for government over lockdown r...

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 si...

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 gu...

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 audit...

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


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Clarification on the Audit Requirements relating t...

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 al...

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 Boa...

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 recipient...

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 Gu...

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 da...

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 Repor...

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...

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-...

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 Indepe...

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 impl...

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 misund...

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

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

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’v...

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

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...

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


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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 comme...

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


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March 2020 monthly compliance update: Audit in the...

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

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 suppor...

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 t...

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 re...

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 f...

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 S...

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


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SAAA brings accounting services and hope to the to...

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


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Monthly Compliance and Legislation Update for Janu...

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 concerns

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


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Regulatory and compliance update for October 2019

We take a look at the latest on the regulatory and compliance front.


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What’s hot on the regulatory front for September

As always, there’s plenty happening on the regulatory front, and September 2019 has been no exceptio...


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Monthly Compliance and Legislation Update for July...

A look at the latest legal and regulatory changes affecting accountants and auditors.


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How the auditors broke capitalism

We are programmed to regard accountants with reverence and unquestioning trust. But should we?


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What's new on the regulatory front - July 2019

It’s time to look at some of the major regulatory and legal changes for the last month.


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Monthly Compliance and Legislation Update for June...

This article covers some of the key regulatory and compliance issues for June 2019 to be covered in...


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Calling all accountants: your help is needed at SA...

This article is prepared with the assistance of Lettie Janse van Vuuren CA(SA), technical advisor to...


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Monthly Compliance and Legislation Update for May...

It’s been another busy month with regulatory and statutory changes stacking up in accountants’ in-tr...


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When walking away from a client is the cowardly wa...

Walking away from a client can be the cowardly way out for auditors, bearing in mind their obligatio...


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Monthly Compliance and Legislation Update for Apri...

The Monthly Compliance and Legislation Update (MCLU) is a webinar and newsletter service offered by...


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Opportunity for 50 African commerce graduates to t...

SA Accounting Academy (SAAA) has put out the call for 50 black African commerce graduates to sign up...


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Independent review vs audit – why should I care?

Independent Reviews (IRs) were introduced as an alternative to the audit for certain types of compan...


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Memo to accountants: you are all now professional...

International Standard on Auditing (ISA) 540 requires auditors to exercise professional skepticism...


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What’s your company’s Public Interest Score?

The Companies Act of 2008 introduced the concept of a company’s Public Interest Score (PIS). This is...


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Steinhoff - A Case Study of KingIV failures

In a series of in-depth features, the University of Stellenbosch Business School sheds light on Stei...


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Why you should consider becoming a business practi...

Louis Klopper is a business rescue practitioner (BRP) and turnaround master. His most recent engagem...


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Building industry slump deepens

JOHANNESBURG - Confidence in the building index slumped in the second quarter to its lowest level si...


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3 out of 5 businesses fail in SA despite showing a...

Three out of every five companies in South Africa fail whilst showing a profit, because of mistakenl...


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3 Reasons Why Businesses Fail in South Africa

A large percentage of new businesses in South Africa fail. This could be in the order of anywhere be...


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KPMG's audit quality unacceptable

KPMG’s audit work in the UK is of an unacceptable standard, Britain’s accounting regulator has said,...


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Steinhoff served with hard-hitting compliance noti...

The board of Steinhoff International has been served with a hard-hitting compliance notice by the Co...


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CIPC MEDIA RELEASE 2 of 2018

High court issues court orders in favour of cipc, to impose Administrative fines on entities who ign...


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Steinhoff: Where was the company secretary?

KPMG lost some of their major clients resulting in a flight of directors and partners leaving the fi...


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Lessons from KPMG: Be careful who you get into bed...

When Barclays Africa announced that it would sever ties with its external auditor KPMG, it said it c...


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