THE CATALYST FOR THE FINANCIAL REVOLUTION

The development of artificial intelligence (AI) is a hot topic everywhere, but what are its implications for the financial industry and consumers? We believe AI is revolutionising business finance functions, creating efficiencies, and in the process potentially making the jobs of many people redundant. But what does this mean in practice for companies today and [...]

Your Journey to becoming a CA(SA)

The journey to becoming a CA(SA) is often one that requires high levels of dedication and commitment. For accountants who have their sights set on becoming a CA(SA), the key skills to nurture are a capacity to communicate effectively and have the drive to take an initiative. Taking opportunities as they arise is another valuable [...]

AMENDMENT TO IFRS 16: COVID-19-RELATED RENT CONCESSIONS

PRACTICAL RELIEF FOR LESSEES In response to the Covid-19 pandemic and the economic difficulty faced by many businesses, landlords have granted rent concessions to lessees. On 28 May 2020, the International Accounting Standards Board (IASB) issued the amendment to IFRS 16 Leases, “Covid-19-Related Rent Concessions”. The purpose of the amendment is to simplify lessee accounting [...]

IFRS: Financial Reporting Implications

IS YOUR BUSINESS PREPARED FOR THE ACCOUNTING AND FINANCIAL REPORTING IMPACTS OF THE COVID-19 PANDEMIC? Broad finance and accounting implications for most companies, whether or not operating in a significantly affected region or not. IFRS IMPLICATIONS - REMEASUREMENT OF ASSETS AND LIABILITIES Impairment considerations Financial assets – Expected credit losses on receivables, fair value losses on other [...]

COVID-19 RESPONSE COULD RESHAPE THE FUTURE OF WORK

In just a few months, what started as an epidemic mainly limited to China has now become a truly global pandemic. The COVID-19 virus, spread rapidly throughout China and quickly beyond China’s borders with the World Health Organization (WHO) now declaring COVID-19 a pandemic, on 11 March 2020, with unprecedented disruption and risks. The unforeseen [...]

WHAT IS THE NEW CIPC COMPLIANCE CHECKLIST?

The Companies and Intellectual Property Commission’s (“CIPC”)  Annual Return is a statutory requirement in Section 33(1) of the Companies Act 71 of 2008 (as amended) (“Companies Act”), that states that every company must file an Annual Return in the prescribed form, with the prescribed fee, and within the prescribed period after the anniversary of the […]

WHAT’S IN DEMAND IN CO-SOURCED ACCOUNTING SERVICES

Accounting and Financial Advisory’s Shaun Govender outlines four key areas their clients need help with. Accounting and Financial Advisory (AFA) is an independent financial management consulting firm that spun off from a Deloitte division of the same name. The spin-off was to give the team the independence to approach a wider range of clients, unlimited [...]

VULNERABILITY IN LEADERSHIP

A CHARACTERISTIC THAT SHOULDN'T BE OVERLOOKED. There are many characteristics that make people natural leaders, but when we think of these characteristics, do we consider vulnerability as one of the traits of a leader? In society, conventional wisdom holds that it is difficult to lead or negotiate or make demands from a position of perceived [...]

SOUTH AFRICA LEADS THE WAY IN DIGITAL FINANCIAL REPORTING

South Africa has long been a leader on the African continent and is listed second on the African continent, after Mauritius, on the Global Competitiveness Index 4.0 2018 Rankings.  To maintain this position and improve our global ranking of 67th, we need to be innovative in the way we operate.[1] One of the ways of […]

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Century City

Cape Town
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