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

Turning tales of perception into facts of reality

By Madelein Grobler Many tax practitioners and members in business (MIB) can tell a tale around their struggles around South African Revenue (SARS) Service passing unexplained journal entries on the statement of accounts for many years. SAICA has also taken part in this tale, continuously raising the concern during SARS engagements − since April 2015!… Read More Turning tales of perception into facts of reality

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

Six big changes to quality management

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

(c) American Institute of Certified Public Accountants. Contact AICPA for permission to reproduce this article., Health

Bringing value to healthcare using cost accounting

The UK’s National Health Service uses data to seek better patient outcomes while maximising efficiency. By Rebecca McCaffry One hundred years after the founding of CIMA as the Institute of Cost and Works Accountants, the principles and practices used by cost accounting professionals at the UK’s National Health Service are very similar to those used… Read More Bringing value to healthcare using cost accounting

(c) Chartered Accountants Australia and New Zealand. Contact Chartered Accountants Australia and New Zealand for permission to reproduce this article., Audit and Assurance

Finding the root cause in audit

Unless you understand a problem’s underlying cause, you’re unlikely to nail the solution. That’s why audit quality leaders are using root cause analysis to lift audit standards. By David Walker In 1995, a 51-year-old disabled diabetic man named Willie King checked into a Florida hospital to have a diseased leg amputated. Unfortunately, his surgeon cut… Read More Finding the root cause in audit

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

What auditors do – the scope of audit

The publication explains in simple terms what auditors do, why audits are necessary, and their current limitations. The paper will feed into the Brydon Review, but it is also intended to help directors, investors, politicians and policymakers in the UK and internationally understand the current model of UK audit. You can read this publication at… Read More What auditors do – the scope of audit

(c) American Institute of Certified Public Accountants. Contact AICPA for permission to reproduce this article., Business Management

Architecture that builds value

Done well, it can pay off with more than just customers. By Amanda Abrams When the giant German conglomerate thyssenkrupp needed a new tower to test its lifts technology, the company originally planned to go the simple route, with an industrial, utilitarian design. It made financial sense: After all, the buildings used to test lifts’… Read More Architecture that builds value