An approach to obtaining comparable data that needs to be formulated which will be acceptable to SARS is the focus of this article. By Gerdi Van der Westhuysen and Karen Miller From a transfer pricing perspective, comparability is at the heart of the arm’s-length principle. This heart is being worn out by the challenge experienced… Read More Comparability certainty in Africa
It is vital that the professional accountant be proactive in ensuring that sufficient safeguards are in place ahead of referral fees or commission being paid or received. By Malesela Les Montja Professional accountants are required to comply with the fundamental principles and apply the conceptual framework set out in the Code of Professional Conduct of… Read More What needs to be considered?
In an environment where accounting irregularities and auditing failures are in the spotlight, the pressure remains on auditors to enhance communication between them and investors, as well as those charged with governance, and to increase the confidence of the users of the financial statements in the auditor’s reports. A question remains, however, whether the users… Read More Revisiting key audit matters: an analysis of reporting trends
Taxpayers must be aware that if they receive income from multiple employers or funds, it is likely that they have underpaid tax during the year. By Nicci Courtney-Clarke CA(SA) Taxpayers working two or more jobs at a time may receive a nasty surprise when they receive their annual tax assessment. How could a sizeable tax… Read More Multiple employers and the PAYE conundrum
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