Recently added articles from Accountancy SA:
from the pen: Exodus revisited...
Feb 01, 2009; ... The new year has started with quite a resurgence of obligations, especially amongst our world leaders. US President Obama is committed to overhauling the management of the Troubled Asset Relief Programme, Czech Prime Minister Mirek Topolanek (representing the European Union [EU] presidency) has ...
Economic crisis - IFAC's response
Feb 01, 2009; ... I recently had the privilege of attending an International Federation of Accountants Council (IFAC) meeting where we discussed the credit crisis, its impact on different countries' economies and the profession's reaction to the crisis including professionals in practice and professional ...
AUDITING
Feb 01, 2009; ... IAASB ISSUES SEVEN REVISED ISAS, INCLUDING UPDATED STANDARD ON SCOPE OF AUDIT AND AUDITOR'S ROLE The International Auditing and Assurance Standards Board (IAASB), an independent standard-setting board under the auspices of the International Federation of Accountants (IFAC), has released ...
ACCOUNTING
Feb 01, 2009; ... URGENT AMENDMENTS ISSUED ON THE RECLASSIFICATION OF FINANCIAL ASSETS APB APPROVAL The Trustees of the International Accounting Standards Committee Foundation, the oversight body of the International Accounting Standards Board (IASB), recently agreed that the IASB accelerate its response ...
PUBLIC SECTOR
Feb 01, 2009; ... PUBLIC SECTOR ACCOUNTING STANDARDS To keep up-to-date with the development of public sector accounting standards, visit South Africa Accounting Standards Board (ASB) website www.asb.co.za. ASB continues to develop accounting standards that are applicable to public sector entities ...
REGULATED INDUSTRIES
Feb 01, 2009; ... The Exchange Control department of the South African Reserve Bank (EXCON) has issued the following Exchange Control Circulars: No. 19/2008- Foreign portfolio investments by institutional investors Sections B. 2 (B)(UiMc) of the Exchange Control Rulings has been amended to ...
QUERIES
Feb 01, 2009; ... The email query system has been replaced by a web-based system. Please make use of the Frequently Asked Questions section or the Search facility on the SAICA website to seek resolution to your query. Should your question not be addressed there, please pose your question via the appropriate "Ask ...
TAX
Feb 01, 2009; ... WHAT'S NEW AT SARS? SAICA's National Tax Committee submissions SAICA made the following submissions to SARS/National Treasury during September/ October 2008. (See Table 1). Copies of these and previous submissions are available on the SAICA website at ...
The financial and auditing skills exodus
Feb 01, 2009; ... Exodus revisited Plugging the 'brain drain' in the Financial and Auditing sector will be no mean feat as the SAICA commissioned research reveals. Pressure comes from different sources that impact negatively on the number of skilled professionals and workers in the sector; unacceptably ...
Proudly South African?
Feb 01, 2009; ... Walking down George Street in the CBD of Sydney, Australia and hearing the variety of accents engulfing me I asked myself the question; 'Am I proud to be a South African?'. Do I hold my head high ready to debate the current political turmoil or the perceived pessimistic outlook with anyone who ...
Talent management
Feb 01, 2009; ... Look at the history of any business and you will see organisations beset by challenges, which at particular points in time, demand extraordinary focus and attention. In the early 1 990's, 'diversity' was the one such focus area that took centre stage. At the turn of the century we were busy with ...
GOBBLE - iSATiON
Feb 01, 2009; ... A Chief Financial Officer's response Gobble-lisation is defined as "when billions of dollars of retirement savings are gobbled-up and destroyed due to the combined effect of globalisation and a couple of turkeys at some banks that decided to sell cheap credit mortgages". OK, I may have ...
Should the Auditor's liability be limited?
Feb 01, 2009; ... uditors should be accountable for their conduct and they should bear responsibility for the consequences of their actions The number of recent claims against audit firms, some of them running into billions of Rands, for alleged 'audit failures', is a stark reminder of the problems facing ...
The road to one global accounting framework
Feb 01, 2009; ... In August 2008, the United States (US) Securities and Exchange Commission (SEC) unanimously approved a proposed roadmap for conversion to International Financial Reporting Standards (IFRSs). The roadmap's first step is to allow for the early adoption of IFRSs by 110 of the largest ...
Subaru's Forester
Feb 01, 2009; ... When I was offered a Forester to test drive I braced myself for the boxy car, but when I laid my eyes on the new Forester I have to admit that I was pleasantly surprised. The new Forester is said to be taller, wider and sleeker than its predecessor and that it certainly is. The design of ...
onsekere 2009 volg moeilike 2008
Feb 01, 2009; ... Dit is waar dat die Suid-Afrikaanse ekonomie in 2008 gegroei het. Maar dit is ongeveer die enigste brokkie goeie nuus wat 'n mens aan kan dink. Onmiddellike vooruitsigte is nag. Die verbruiker het gedurende 2H2008 in resessie inbeweeg soos verbruiksbesteding begin daal het, gelei deur ...
THE LAST WILL AND TESTAMENT OF AN UNREASONABLE MAN
Feb 01, 2009; ... It was the gifted Irish playwright George Bernard Shaw who said that the reasonable man adapts himself to the world. The unreasonable man adapts the world to himself. All progress depends upon the unreasonable man. At first sight Shaw's aphorism seems outrageous but, on careful reflection, there ...
from the pen... Supersaica
Dec 01, 2008; ... Without a doubt, 2008 has been the most eventful year we've experienced in a long while. A global economic meltdown, Eskom load-shedding, peaceful elections in Zambia, a proposed government of national unity of sorts for Zimbabwe, a historical presidential recall in SA, an ANC split and the ...
straight shooting: looking back at 2008
Dec 01, 2008; ... 2008 has indeed been a year of rapid movement and change. From the sub prime crises in the US, the stuttering of financial markets globally to the changes in the local political landscape, we have seen rapid change to which we all have to adapt. Our profession has been no exception - from ...
ACADEMIC TRAINEESHIP PROGRAMME SOME QUESTIONS ANSWERED
Dec 01, 2008; ... During the 1980s, SAICA introduced the Academic Traineeship Programme (ATP). In essence, this programme allows academically strong students, upon successful completion of their studies, to spend the first year of their three-year training contract in academia at a SAICA accredited university, ...