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IFRS architect Paul Volcker dies

Paul Volcker, who played a major role in the setting up of the IFRS standard setter, the International Accounting Standard Board (IASB), and was a key player in US monetary policy for three decades, has died at the age of 92, says Accountancy Daily. In a statement...

Eskom, Christmas and 2020

A lot of things are suddenly much clearer in the dark.   With the mistakes and incompetence at Eskom threatening to plunge us back into the dark ages, we as a country and as a profession need to learn a few lessons fast. Good intentions don’t mean a thing. Good...

For a more trustworthy audit, change who pays the fiddler

By Dr Steven Firer For decades, the auditing profession has been troubled with high levels of litigation and accusations. The traditional argument is that the criticism of, and litigation against, auditors is due to the failure of auditors to meet society’s...

How the AG is trying to plug a torpedo-sized hole in state finances

It is astonishing to read in the Auditor-General’s (AG’s) 2019 consolidated general report that public entities spent R1.747 trillion in the last fiscal year, reports Moneyweb. But perhaps it shouldn’t be that surprising, given the 2019 national budget estimated...

Companies and Intellectual Property Commission (CIPC)

Notice is hereby in terms of and for purpose of the Acts mentioned in the Schedule below, that CIPC will be closed to the public on Friday 6 December 2019. Click here to read more of the...

General Notice

Notice 72 of 2019 Appointment certificate issued to inspectors in terms of section 209(1) of the companies Act, No.71 of 2008 (as amended). Click here for Notice 72 of...

Black Friday continues at Saiba

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SAIBA Black Friday deals

In celebration of a very successful year, we are launching Black Friday specials in our new online learning platform saiba.academy. Law update for accountants With the support of FASSET, we are able to offer members an important legislative update CPD event - at no...

Meet a member: Mohure Mamabolo, accountant extraordinaire and community champion

Life wasn’t easy for Mohure Mamabolo growing up in Atteridgeville, near Pretoria. “I wouldn’t exactly say we were poor, but money was always scarce and my parents had to stretch to bring us up,” he says. High school was a 4km walk there and back each day, but the...

We’re sick and tired of a closed market – Saiba

The SA Institute of Business Accountants (Saiba) intends kicking down the door of privilege that benefits some accountants over others, Saiba CEO Nicolaas van Wyk told a packed room of accountants and other professionals in Sandton on Wednesday. “We’re sick and tired...

How to become an accounting disruptor

She may come from a small village in the Eastern Cape, but Stanford University MBA graduate and international business strategist Zipho Sikhakhane says the path to success is paved with disruption. “I’m a big disruptor – every day I ask myself how I make myself...

Tax practitioners are being told to ‘toe the line’

Or face being deregistered and barred from practicing, says Moneyweb. The South African Revenue Service (Sars) has been taking steps to “align” tax practitioners with the law that regulates those who advise or assist taxpayers with their tax matters. Sars Commissioner...

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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