Recently added articles from Accountancy SA:

from the pen...

Jun 01, 2008; Julies, Raina ... The golden issue I waited a while this month to get going on this editorial. As you are aware, every newspaper and television news bulletin, in boardrooms across the country, at lunches, meetings, in business editorials and corridor conversations, are all peppered with doom and gloom. So ...

straight shooting...

Jun 01, 2008; Wadee, Nazeer ... Embracing change One of my pet hates is the consistent pessimism I see across this beautiful country of ours. Whether it is inflation, interest rates, crime or load shedding, many in this country choose to take every opportunity to sit back and complain rather than rise to the challenge ...

NEW ZEALAND INSTITUTE OF CHARTERED ACCOUNTANTS key events and issues

Jun 01, 2008; Kubuya, Patrick ... Centennial We celebrate our centennial year in 2008. There will be a number of events throughout the year, and we will be looking to the next 100 years in a major international conference, to be held in Auckland, New Zealand in August. Admissions review We've begun a ...

SAICA launches NEW EASTERN REGION OFFICE

Jun 01, 2008; Kubuya, Patrick ... February 12 this year heralded a new era for the South African Institute of Chartered Accountants (SAICA) in the Eastern Region with the opening of an independent office in Durban. The launch was aptly entitled "Opening New Doors", reflecting the glimpse of a bright future dedicated to ...

PPE RESULTS

Jun 01, 2008; Kubuya, Patrick ... Fhe IRBA announced the results for the 2007 Public Practice Exam (PPE) in February 2008. 1766 candidates passed the exam (all top ten candidates passed with honours by achieving a pass mark of 75% and over), achieving a record equalling pass rate of 71% (71%)*. A record number of 2 479 (2 451) ...

ACCOUNTING

Jun 01, 2008; Kubuya, Patrick ... FINANCIAL INSTRUMENTS WITH CHARACTERISTICS OF EQUITY A discussion paper on the distinction between equity financial instruments and other financial instruments (non-equity instruments) has been published for public comment by the International Accounting Standards Board (IASB). This has ...

AUDITING

Jun 01, 2008; Kubuya, Patrick ... The International Federation of Accountants (IFAC) has released a free implementation guide to assist small and medium practices and other practitioners, in applying International Standards on Auditing (ISAs) to the audit of small and medium entities (SMEs). The guide, which can be downloaded ...

PUBLIC SECTOR

Jun 01, 2008; Kubuya, Patrick ... ACCOUNTING STANDARDS BOARD The Accounting Standards Board, during its meeting on 18 March 2008, approved the following exposure drafts for comment: * ED 45 - Impairment of Non-cash Generating Assets. Comment is requested by 31 July 2008. * ED 46 - Impairment of ...

REGULATED INDUSTRIES

Jun 01, 2008; Kubuya, Patrick ... DRAFT LONG-TERM INSURANCE REGULATIONS FOR COMMENT The National Treasury has released for comment draft regulations in terms of the Long Term Insurance Act, 1998, dealing with revised commission structures and enhanced consumer protection for contractual savings products of the life ...

TAX

Jun 01, 2008; Kubuya, Patrick ... WHAT'S NEW AT SARS? The latest updates can be viewed on the SARS website fwww.sars.gov.zal. TAX PRACTITIONERS BILL During recent discussions, SARS indicated that it has noted and is seriously considering the recommendations proposed in the joint SAICA/SAIPA submission ....

COMPLIANCE and its relationship to internal audit

Jun 01, 2008; Terblanché, Janet; van der Merwe, Reinette; Schlebusch, Celeste ... 1. Introduction The overall governance structure of an organisation, practicing good corporate governance, includes at least an internal audit function, a risk management function and a compliance function. In our opinion, the starting point for setting a corporate governance culture in ...

BARBARIC VALUES

Jun 01, 2008; Viljoen, Wouter ... How the road to value differs fundamentally between "civilized" public asset management and "barbaric" private equity funds, and how the assessment of such value may have very different outcomes. The Civilised Way Investment techniques The asset management industry, ...

Pastel Auditor can save you up to 15 minutes an hour, every hour you audit

Jun 01, 2008; Cohen, Steven ... Audits were traditionally associated with gaining information about financial systems and the financial records of a company. However, auditing has evolved to encompass much more than this and the role of the auditor and accountant as a strategic advisor has grown in importance. The ...

FRAMEWORK FACT FILE

Jun 01, 2008; Heathcote, Krysta; Human, Erica ... Phase A of the Framework convergence project: Main changes and stakeholder comment summary Introduction The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) have been working together on specific projects for some years now to ...

QUALIFIED AUDITORS' REPORTS what's gone wrong?

Jun 01, 2008; Lubbe, Dave ... A short time ago, we laid my mentor, and spiritual father to rest. He was 85 years old and one of the founders of the auditing profession in South Africa. Just before his death we had a discussion on, amongst other things, the auditing profession and the changing world in which we live. When I ...

no curiosity is killing homo sapiens

Jun 01, 2008; Plessis, Adel du ... Don't you just love the expression: "Curiosity killed the cat"? It is a phrase that we have heard so many times, especially as a child, trying to learn about things and maybe even trying to understand life a little better. As children we were told that curiosity killed the cat. What on ...

unlocking the power of tourism

Jun 01, 2008; Macdonald, Ian ... Since the advent of democracy, the tourism sector has both benefited from and contributed to South Africa's 33 quarters of uninterrupted economic expansion since September 1999 - the country's longest economic upswing. Opening this past year's Business Tourism Conference, Environmental ...

ekonomie verloor vinnig momentum

Jun 01, 2008; Bruggemans, Cees ... Die groeisyfers vir 2007 mag nog indrukwekkend wees, met groei van oor die 5% relatief tot 2006. Daar was egter alreeds baie verlies aan BBP groeimomentum verlede jaar soos die verbruiker speed verloor net, veral in duursame aankope as gevolg van die verhoogde rentekoerse en die nuwe nasionale ...

death & taxes

Jun 01, 2008; Webb, Penelope ... DON'T CRY For Me It was Shakespeare's Julius Caesar who said: "If you have tears, prepare to shed them now". While tears may be common in movies and on stage, it is rare to find them employed by legal counsel. In the course of a trial in the United States, where the jury system operates ...

LODGING OBJECTIONS the rules

Jun 01, 2008; Croome, Beric J ... This article deals with the manner in which the number of days in which to lodge an objection are to be calculated as well as certain aspects of the rules governing objections and appeals. The Manner in which the Number of Days in which to Lodge an Objection are to be ...