Economics

December 16, 2021

Common errors in the auditor’s report

The auditor’s report is the auditor’s main communication tool with the relevant stakeholders, and therefore it is important that the above deficiencies be resolved in order to enhance audit quality. The considerations included in this article can be used by audit engagement teams when assessing whether the auditor’s report is consistent with the applicable requirements such as SAAPS 3
December 16, 2021

A global minimum tax

A new global minimum tax is welcomed in Africa, but curbing illicit flows and broadening the tax base would be much more important. Africa will likely benefit from the OECD-driven new global tax agreement signed in October by nearly all of the world’s countries, which would set a minimum corporate tax rate of 15% across the board on global profits.
September 16, 2021

What is preventing another Steinhoff from happening in this country?

Or a Tongaat, an African Bank, an Eskom, an SAA − the list goes on. It is a question that should be top of mind of those who are employed and are seeking employment, those who have invested hard-earned money in banks and large corporations, and those who are saving for the future, as well as of communities that rely on corporate social expenditure
May 12, 2021

Audit and an Evolving Financial Reporting Ecosystem

The debate about responsible reporting has not been sidelined by the Covid-19 pandemic. In fact, the future of audit, and how it should adapt to changing stakeholder demands, has only grown in importance as financial reporting ecosystem participants consider how to deliver reporting that provides insights for businesses and investors to recover and thrive.