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Treasury to host public financial management conference
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
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
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
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
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
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

Imran Vanker, standards director at the Independent Regulatory Board for Auditors
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

Faith Ngwenya, technical executive, South African Institute of Professional Accountants (Saipa)
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

Struan Robertson
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
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
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
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

Photo: KPMG
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
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: 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

Appropriate risk management is crucial for effective strategic leadership, says ACCA
Appropriate risk management is crucial for effective strategic leadership, says ACCA

Organisations cannot exploit strategic opportunities nor can they protect themselves from potential losses or failures, without a clear steer from the top on appropriate risk taking, says ACCA (Association of Chartered Certified Accountants)...

Issued by ACCA 1 Mar 2018

Bernard Agulhas, CEO of the IRBA
IRBA prioritises Steinhoff/Deloitte case

Despite constraints on the speed with which the IRBA can deal with complex investigations such as the Steinhoff/Deloitte matter, it will continue to prioritise high public interest cases such as this...

26 Feb 2018

Misconduct by Saica members who worked for KPMG must be exposed: Terence Nombembe says
Misconduct by Saica members who worked for KPMG must be exposed: Terence Nombembe says

The CEO of the South African Institute of Chartered Accountants (Saica), Terence Nombembe, has called on the Ntsebeza inquiry to leave no stone unturned...

By Genevieve Quintal 20 Feb 2018

QuickBooks steps up to back youth entrepreneurs
QuickBooks steps up to back youth entrepreneurs

In December 2017, government officials, key private and public sector stakeholders, media and the winning young entrepreneurs from the far corners of South Africa gathered at a glittering celebration of The 2017 Step Up 2 a Start Up Youth Entrepreneurship Awards...

Issued by QuickBooks 16 Feb 2018

QuickBooks 2018 is here!
QuickBooks 2018 is here!

QuickBooks Desktop 2018 is here, offering some great new features and a modernised user interface...

Issued by QuickBooks 15 Feb 2018

NPC welcomes State Capture Commission
NPC welcomes State Capture Commission

The National Planning Commission, led by its Chairperson Minister Jeff Radebe and Deputy Chairperson Malegapuru Makgoba, has welcomed the establishment of the Commission of Inquiry into State Capture...

14 Feb 2018

Audit firm pays back Sars
Audit firm pays back Sars

Embattled international auditing firm KPMG SA says it has paid back the R23m it received as payment from the South African Revenue Service for the report on the so-called rogue unit.

5 Feb 2018

Bernard Agulhas, CEO: IRBA
IRBA reappoints Agulhas for another term

The IBRA has renewed its contract with CEO, Bernard Agulhas, for a further two years to 31 March 2020...

2 Feb 2018

Steinhoff director spills the beans about accounting irregularities and Jooste's disappearing act
Steinhoff director spills the beans about accounting irregularities and Jooste's disappearing act

Director and chairman of Steinhoff's audit committee, former ABSA CEO, Steve Booysen on Wednesday recounted the dramatic discovery on 5 December of the alleged accounting irregularities...

By Linda Ensor 1 Feb 2018

Xoliswa Hlongwane, CFO designate at uShaka Marine World
#BizFinFocus: Making a splash in the world of public sector finance

Xoliswa Hlongwane is about to take over as uShaka Marine World's chief financial officer (CFO). She shares her insights on working in the public sector...

1 Feb 2018

Image credit: Financial Mail/Jeremy Glyn
Did Steinhoff's board structure contribute to the scandal?

The global retail group Steinhoff is reeling under allegations of accounting fraud. Since the allegations surfaced last year the CEO of the multi-billion dollar business, Markus Jooste, has fallen on his sword...

By Owen Skae 31 Jan 2018

'We were bamboozled,' say Steinhoff directors
'We were bamboozled,' say Steinhoff directors

Two of the directors of Steinhoff say former CEO Markus Jooste "misled" the furniture retailer's board...

29 Jan 2018

(c) nyvltart -
Media24 poised to end Novus deal

Novus Holdings, previously part of the Naspers Group, looks set to have its third grim year in a row, with reports that it is set to lose the crucial contract to print Media 24's newspapers and magazines to Caxton and a number of small independent printers...

22 Jan 2018

Former Mbeki advisor appointed KPMG chairperson
Former Mbeki advisor appointed KPMG chairperson

KPMG South Africa announced the appointment of a new chairperson and independent director on Wednesday...

By Nico Gous 18 Jan 2018

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