Financial reporting plays an essential role in securing and maintaining investors’ confidence in financial markets. It is now universally accepted that effective financial reporting depends on the rigorous and consistent enforcement of high quality standards.
What if you could harness technology to see into the future? Welcome to the 'predictive practice'. There are four key pillars that inform the development of the predictive practice to help reconfigure today’s accounting work for an online world.
How does a two-speed economy work in a global economy? We look at some of the best examples. A 'two-speed economy' occurs where one sector of industry or business grows at a much more rapid rate than another [...]
The share of CEOs forced out of office for ethical lapses has been on the rise, according to the “2016 CEO Success study” by Strategy&, PwC’s strategy consulting business. The study, which analysed CEO successions at the world’s largest 2,500 public companies...
From the 15th December 2016, the format and content of the auditor’s report as we knew it changed for all audits of financial statements. Every auditor’s report on the the audit of financial statements of any entity issued in South Africa, whether it is a mandatory audit or a voluntary […]
Impact and purpose are recurring themes in George Mubipe’s career, culminating in his current role. For the past six years, he has been an Executive Director with Focus Financial Services, a lender to Small and Medium Enterprises (SMEs) in Zambia. The company began with the goal of providing finance to early-stage small businesses that might not otherwise have had access to capital.
"It has become appallingly obvious that our technology has exceeded our humanity." - Einstein, with the uncanny future insight for which he was widely renowned, encapsulated the dichotomy that currently faces the accounting profession.
Across the world, reserves of cash are dwindling. In some countries, mobile and contactless payments are more the norm than traditional legal tender. Oliver Griffin explores whether or not we are destined for a fully cashless future.