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

Transparency reporting: a health check

Current levels of fraud and corruption in South Africa have resulted in calls for greater transparency and accountability by businesses. Transparency reporting is an opportunity for audit firms to demonstrate their commitment to audit quality Transparency reports issued by audit firms to assist stakeholders in understanding how the systems of the firm are functioning can… Read More Transparency reporting: a health check

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

Insurance accounting redefined

IFRS 17 is recognized as one of the most significant changes to insurance accounting in decades. With less than three years before the new standard comes into effect, Nicky Burridge looks at the requirements of it and how implementation can help Hong Kong ensure its place as a leading financial hub. Imagine a global insurer… Read More Insurance accounting redefined

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

Turning a blind eye to NOCLAR is no longer an option

By Adiebah Moruck It has now been almost a year since the new standard Responding to Non-Compliance with Laws and Regulations, released by the International Ethics Standards Board for Accountants (IESBA), has become effective. Although relatively new, the standard is already increasing awareness amongst professional accountants in business, as well as in practice, to consider their… Read More Turning a blind eye to NOCLAR is no longer an option

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

Reporting assurance

By Hayley Barker Hoogwerf With the view that the reporting of historical financial information alone does not provide investors, shareholders and other stakeholders with a broad picture or holistic information about the reporting entity that these users may be looking for, EER continues to evolve. Along with the increased demand for more holistic reporting came the… Read More Reporting assurance

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

The journey of IFRS Standards

Hong Kong was one of the first jurisdictions to adopt International Financial Reporting Standards in 2005, and is now one of 166 that require or permit them. Nicky Burridge looks at the past, present and future adoption of global accounting standards, and whether the IFRS world map will ever be complete. Hong Kong-based conglomerate Jardine… Read More The journey of IFRS Standards

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

A practical guide to the TCFD’s recommendations

As of April 2018, some 250 organisations from around the world have expressed support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) published in 2017. Given the current momentum behind the TCFD recommendations, ICAEW, in association with The Carbon Trust, have published this practical guidance for organisations wanting to learn more about… Read More A practical guide to the TCFD’s recommendations