Companies still behind schedule on lease accounting standards

From Accounting Today: Only 26.3 percent of public company execs say their implementation of the lease accounting standard is complete, according to a new survey by Deloitte, even though they were supposed to begin using it this year. Most have already disclosed using...

Steinhoff replaces Deloitte with Mazars after accounting scandal

Steinhoff International Holdings NV nominated Mazars as its new auditor as the South African retailer looks for a fresh start after an accounting scandal almost destroyed the company, says Bloomberg. Mazars accepted an offer to replace Deloitte, Steinhoff’s board said...

SAIBA: giving you ways to change your CPD status to compliant

As you are aware Continuous Professional Development (CPD) is compulsory and is applicable to all members who hold a designation(s) in any field. SAIBA is here to ensure all members remain up to date and compliant. Subscribe to a CPD package through our preferred CPD...

Holding professional bodies to account

Professional bodies provide a key public interest function in setting ethical standards and holding members to these standards. There’s no question the accounting profession is in crisis. Acres of press coverage have been dedicated to documenting cases of corruption...

Which firms got fined over the last year?

The UK Financial Reporting Council dished out fines totaling more than R550 million to audit firms over the last year, according to its latest annual report for the year to March 2019. Roughly half of this was plonked on KPMG. Significant fines imposed this year...