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Don’t miss the future of accounting event on Wed 20 November

This is an event you should not miss. The SA Institute of Business Accountants (Saiba) and Intuit QuickBooks yearend event takes place on Wednesday 20 November at The Capital in the Park in Sandton. The key focus of the event is the Fourth Industrial Revolution that...

E-mail addresses for submitting documents to CIPC

Important Note: Ensure that the correct email address for submitting applications are used. Documents submitted to incorrect email addresses will not be processed. Click here to see the...

How the Fourth Industrial Revolution is reshaping accounting

Some accountants believe their very existence is under threat from AI, machine learning and blockchain. It is a virtual certainty that the role of bookkeepers and accountants will change forever, probably within five years. Automation is coming, and this will...

Mining giant BHP switches £12m audit to EY

FTSE 100 listed global mining conglomerate BHP has ended its 23-year audit relationship with KPMG, hiring fellow Big Four giant EY, according to Accountancy Daily. BHP, formerly known as BHP Billiton, announced that it would be changing auditors two years ago due to...

KPMG rejects talk of partner cull

Big Four firm KPMG has denied that it is planning to cut around a tenth of its partners in a bid to get the firm back on track and improve performance, saying that around 50-60 partners leave the firm each year through natural churn. From Accountancy Daily. This...

4 Ways to Bill Clients

By Jody Grunden, CPA Trendlines: When I attend CPA conferences across the United States, I often hear from CPAs: “I don’t want to bill for my time.” So, how do you bill your clients? Client billing can include hourly billing, but it can also include flat-fee,...

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Register today as seats are...

Beautiful business, the antidote to Zumaism

Report-back from the 49th IAFEI World Congrees: The 49th CFO World Congress was recently hosted in Italy. SAIBA is a member of the world CFO organisation and attended the event in the small town of Matera, southern Italy. And with the Springbok’s World Cup Rugby win...

How the state capture project washed up on Capitec’s door

It was a bad day in court for Capitec on Tuesday after Judge Bashier Vally ordered the bank to allow BEE shareholder Coral Lagoon Investments, ultimately owned by Gupta-linked Regiments Capital, to sell its shares and pay over the proceeds to the Transnet Second...

Guidance note 2 of 2019 time periods for filing Annual Returns and Annual Financial Statement

This guidance note is issued in terms of regulation 4(2)(a) of the Companies Regulations, 2011 and is applicable to companies and close corporations. This Guidance note must be read with all other notes and communication material relating to the filing of Annual...

Notice 68 of 2019

Deactivation of e-mail filing channels for company financial year end changes (CoR25), company address changes (CoR21.1) and company name changes (via CoR15.2) except for external companies from 1 December 2019. The Companies and Intellectual Property Commission...

MTBPS Commentary for SMEs – QuickBooks

In his Medium Term Budget Policy Statement, Finance Minister Tito Mboweni said Africa has a young, growing, entrepreneurial population. He said Sub-Saharan Africa is expected to grow by 3.6 percent next year, the second-fastest growing region after Asia, excluding...

Why the world no longer believes financial statements

It’s getting harder and harder to make sense of published financial accounts, and the relentless tweaking of accounting standards has done little to improve the situation. In fact, it has arguably made it worse. If published accounts were a reliable reflection of the...

Customer notice

Notice 67 of 2019 Which companies should submit AFS's in the iXBRL format? In the process of filing Annual via CIPC are "required" to provide financial information by either submitting an Annual Financial Statement (AFS) in the iXBRL format or a Financial...

CIPC scheduled meeting

The CIPC are scheduled to have a meeting on the 31 October 2019, please contact our representative Josef (email- josef@saiba.org.za) should you have any issues you would like us to raise on your behalf.

PwC and EY questioned over Thomas Cook going concern status

MPs have severely criticised senior audit professionals from PwC and EY over their level of challenge to management’s going concern statements as part of an investigation into the collapse of Thomas Cook, as well as highlighting strong objections to the provision of...

2019 CPD survey

We want to hear from you! Saiba and its CPD partner, SA Accounting Academy are planning your CPD events for 2020 and we need your input and feedback. Click here to complete a short...

Why accounting education needs a complete overhaul

There’s been a lot of discussion at the SA Institute of Business Accountants (Saiba) about the future of accounting. Says Saiba CEO Nicolaas van Wyk: “If there’s anything we can say with confidence it’s that the accountant of the future will be a completely different...

Downtime for systems maintenance

Due to scheduled general maintenance, the following/services (Ptolemy, Acsepto and IP Online) will not be accessible or available: Start: Friday, 25 October 2019 - 18h00 End: Sunday, 27 October 2019 -...

Accounting officers’ duty to report commercial insolvency

Accounting officers for close corporations have long been required to report instances of insolvency to the Companies and Intellectual Property Commission (CIPC). The problem with this is a lack of clarity between technical and commercial insolvency. This confusion...