Accounting & Auditing South Africa

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Auditor-General Kimi Makwetu
Parliamentary push to give the auditor-general more bite

A parliamentary committee that is tasked with overseeing the Office of the Auditor-General has approved an amendment to legislation that will give the AG's office more teeth...

Treasury to host public financial management conference

Finance Deputy Minister Mondli Gungubele is expected to address the second Public Financial Management (PFM) Conference that will get underway in Johannesburg today.

9 May 2018

Law amendments will strengthen IRBA's mandate

Since the scandals around the accounting and auditing profession erupted last year, the SCoF has recognised the need to strengthen the IRBA oversight powers...

18 Apr 2018

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

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