(c) Hong Kong Institute of Certified Public Accountants. Contact HKICPA for permission to reproduce this article., Business Management, Financial Reporting

The next chapter for integrated reporting

The International Integrated Reporting Council on why integrated reporting is a highly effective tool for both big and small businesses. In the past, financial balance sheets and profit statements represented over 80 percent of the value of a business. Unsurprisingly, all the attention was on financial capital; where it came from, what happened to that… Read More The next chapter for integrated reporting

(c) South Africa Institute of Chartered Accountants. Contact SAICA for permission to reproduce this article., Tax

The Tax Administration Act: the administrative umpire for unreasonable delays by SARS

Sometimes it just doesn’t seem fair. Punitive measures against taxpayers are swift and stressful. What many taxpayers don’t know, is that the Tax Administration Act (TAA) has the role of administrative umpire, ensuring that SARS, too, plays fair. SARS needs to be efficient, economic and effective; act impartially, fairly, equitably and without bias. And no,… Read More The Tax Administration Act: the administrative umpire for unreasonable delays by SARS

(c) Institute of Chartered Accountants of Scotland. Contact ICAS for permission to reproduce this article., Audit and Assurance

CAs can help save the world

By Bruce Cartwright CA While my recent blogs have discussed the importance of the debate that’s currently engulfing UK audit, this rather fades into insignificance when we consider what’s happening to our planet. According to the IPCC we only have 12 years to restrict global warming to a 1.5° Celsius rise else we will significantly… Read More CAs can help save the world

(c) South Africa Institute of Chartered Accountants. Contact SAICA for permission to reproduce this article., Financial Services

Banks vs the client under FATCA and CRS

By Marelize Loftie-Eaton It is critical for both financial institutions and their clients to treat the requirements of FATCA and the CRS with the respect it commands from a compliance perspective to prevent unnecessary pain with harsh penalties being imposed for non-compliance. Although tax avoidance is legally possible or acceptable, there is a fine line between… Read More Banks vs the client under FATCA and CRS

(c) Hong Kong Institute of Certified Public Accountants. Contact HKICPA for permission to reproduce this article., Audit and Assurance

Time for change

The winds of change are blowing across the world of audit once again. A Plus looks at how the international development of standards and regulations is strengthening the profession. It seems like not a month goes by without the audit profession hitting the headlines, whether its news of financial irregularities missed by auditors, or companies… Read More Time for change

(c) Institute of Chartered Accountants in England and Wales. Contact ICAEW for permission to reproduce this article., Financial Services

Culture and purpose in financial services

Following the 2008 global financial crisis, the financial services industry has come under intense scrutiny. Firms need to boost trust, create socially responsible products and prevent future financial crises. In its latest publication, Culture and purpose in financial services, the Financial Services Faculty recommends actions that the industry, boards and ICAEW Chartered Accountants should be… Read More Culture and purpose in financial services