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March 2018
Clients have been known to complain that auditors are never happy. They refuse to accept management's explanations at face value, regardless of how thorough and professional the work of the preparers has been. Frustrations can arise in different areas.
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February 2018
We accountants often have a regimented working life. There are always tasks to be done, and much of what we do is dictated by the continuous cycle of our accounting timetables: month-end; quarter-end; year-end; the budget cycle - and repeat.
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January 2018
Over the past two or three years so much has changed in the accounting profession. For many of us it's taken all our efforts just to keep up to date and to work out what all the changes mean to our businesses.
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November 2017
External audit fees where audits are statutory can be an uncomfortable area of discussion for auditors and clients alike. For some, there is a perception that the only real value is in a short report that keeps a company's stakeholders happy that ...
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October 2017
As accountants, we can be busy all day, dealing with the stuff that has to be done. There are bills to pay, debtors to chase, reconciliations to do, taxes to file. You can be busy all day, get things done, but none of it helps the business move forward.
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In September 2017, the International Accounting Standards Board published an Exposure Draft of narrow-scope amendments to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors. ED/2017/5 remains open for comment until 15 January 2018.
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September 2017
With a wealth of online information only a few clicks away, it's easy to wonder whether there's still a need to find the answers to questions, professional or otherwise, anywhere else.
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Cape Town has a longstanding reputation as a top leisure tourism destination, but South Africa's Mother City is also gaining global recognition as a premier place to meet, train and do business.
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The IASB has issued several new and amended Standards and Interpretations which have not yet entered into force and consequently, in most cases, have not yet been applied.
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August 2017
The primary objective of general purpose financial reporting by the government or its entities is to provide information about the entity that is useful to users for accountability purposes and decision-making.
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