Nowadays, everyone is talking about blockchain. But what could it mean for auditors? Does the availability of unchangeable, verified information reduce the need for auditing – or just shift the focus of the auditor’s responsibilities? This article focuses on the analysis of blockchain, its use for financial and operational information and the potential impact that… Read More Blockchain: what does it mean for audit?
The proposed amendments to the JSE listing requirements impact the entire financial supply chain, from management to those charged with governance, including audit committees and external auditors who perform reasonable assurance engagements on the issuers’ financial statements. Following the issue of its consultation paper in September 2018, the Johannesburg Stock Exchange (JSE) announced proposed amendments… Read More Proposed amendments to the JSE listings requirements and possible impact on the auditor
Their importance in the SAICA code Part 1 of the SAICA Code of Professional Conduct (Revised 2018) is effective from 15 June 2019. Part 1 deals with complying with the code, fundamental principles and conceptual framework, and is applicable to all professional accountants Adherence to the five fundamental principles has been elevated to a requirement… Read More The Fundamental principles and conceptual framework
The global tax landscape is changing. Tax authorities around the world are exploring how technology and digitisation can transform their work and the tax compliance landscape. The 21st century might still be waiting on the flying car of the Back to the Future films but the impact of technology isn’t just prevalent in the mega… Read More Digital VAT is here for the United Kingdom
Most taxpayers affected by the new expat tax are probably earning hard currency and the current weakened rand will to some extent negate the impact of the R1 million exemption. But expats do need to be taxed in some way By Hilary Dudley On 1 March 2020, the amended section of the Income Tax Act… Read More The looming expat tax is unfair
In February 2019, the IAASB released exposure drafts for quality management at firm and engagement levels for public comment. This article provides an overview of the key proposed changes in the new and revised requirements By Hayley Barker Hoogwerf The outcome of the International Auditing and Assurance Standards Board’s (IAASB) quality management project will change… Read More Six big changes to quality management