BizTrends 2018


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KPMG under the cosh again over VBS Bank

Embattled audit firm KPMG South Africa has announced that two of its partners have resigned, rather than face disciplinary charges for failure to disclose their financial interests in VBS Mutual Bank...

16 Apr 2018

Deloitte: CFOs are getting left behind when it comes to cognitive technology

While cognitive technology is making inroads into other business sectors, it seems CFOs have remained somewhat on the sidelines...

12 Apr 2018

Seven reasons why your business should use cloud accounting software

A deeper look into the benefits of cloud accounting clearly makes it an attractive option for any company looking to scale up...

Issued by Outsourced CFO 10 Apr 2018

Risks of cryptocurrencies like Bitcoin must be better understood by accountancy profession, says ACCA

ACCA (the Association of Chartered Certified Accountants) issued a new warning to professional accountants over the importance of maintaining an up-to-date understanding of developments in the fast-moving space of cryptocurrencies like Bitcoin...

Issued by ACCA 9 Apr 2018

Audit regulator extends probe into Deloitte's role in Steinhoff crisis back to 2012

The Independent Regulatory Board for Auditors (Irba) has extended its investigation into the role of auditing firm Deloitte in the auditing of Steinhoff financial statements back by two years to 2012...

By Linda Ensor 29 Mar 2018

Saipa questions inclusion of professional accountants in Fica schedule

Small accountancy practices could feel the pinch of compliance obligations if the professional is included as an accountable institution in a schedule of the Financial Intelligence Centre Act (Fica)...

By Faith Ngwenya 28 Mar 2018

The budget and tax law cycle in South Africa

In this article we will be looking at the annual cycle of tax law changes, and when this filters into the tax calculations of individuals, trusts and companies...

By Struan Robertson, Issued by Meredith Harington 27 Mar 2018

Hearings on Deloitte's African Bank audit start

Public disciplinary hearings into Deloitte's audit of African Bank Investments Limited (Abil) began on Monday, in what is the biggest case the Independent Regulatory Board for Auditors (IRBA) has handled since its formation in 2006...

20 Mar 2018

Sars boss Tom Moyane suspended

In a late-night move, President Cyril Ramaphosa has suspended South African Revenue Service (Sars) commissioner Tom Moyane.

By Penwell Dlamini 20 Mar 2018

Steinhoff investors voted to absolve directors of liability

More than 98% of Steinhoff International's shareholders voted to discharge all of the directors and supervisory board members from liabilities at the group's annual general meeting (AGM) in March 2017...

By Ann Crotty 15 Mar 2018

KPMG SA fined $100,000 for "improper professional conduct"

KPMG SA has been censured by the powerful US Securities and Exchange Commission (SEC) and has to pay a $100,000 fine for "improper professional conduct"...

By Ann Crotty 15 Mar 2018

Top Sars official Jonas Makwakwa 'quits' mid-probe, sources say

The embattled South African Revenue Service (Sars) was on Wednesday expected to announce the resignation, with immediate effect, of Jonas Makwakwa, its disgraced chief officer for business and individual tax...

By Sabelo Skiti 14 Mar 2018

Steinhoff: mess began in central Europe

Steinhoff chairwoman Heather Sonn said it appeared that the group's "accounting irregularities" related largely to its central European business...

By Ann Crotty 2 Mar 2018

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