Ethics

September 16, 2021

Principles versus rules in professional ethics

By adopting a principles-based code, SAICA requires all its members to apply professional judgement at all times to identify, evaluate and address threats to professional accountants’ compliance with the fundamental principles of ethics. These principles determine the standard of behaviour that the public can expect of members of the profession, and adhering to the code would restore public trust in the profession
September 15, 2021

The auditing profession – Where to next?

Our views in this article are to large extent based on our involvement in high-profile cases involving the prosecution of professional misconduct allegations levelled against auditors Several auditing and accounting scandals in recent years − most notably in relation to African Bank, Steinhoff and Tongaat Hulett − undoubtedly had a […]
August 11, 2021
corporate failure

Corporate failures… Why don’t we learn?

The world of accounting is rapidly changing as South Africa scrambles to regain its status as one of the world’s leaders in terms of corporate reporting. But the profession has been marred by enormous scandals over the past few years, causing mistrust amongst society for a profession that used to be characterised by integrity
April 7, 2021

Auditing Profession in Peril

If the audit profession in South Africa is serious about restoring trust it will need to reassert the primacy of professional scepticism and independence. There needs to be a balance between radical thinking and practical solutions. Greater clarity and transparency in the profession will ultimately result in a regime that allows auditors to better assess, assure and inform. Only then can real change come about.
March 27, 2021
fraud

The financial controller who stole £20,000 from her company

The risk of fraud committed by staff and contractors within organisations is on the rise. Much of the work carried out by chartered accountants can help prevent internal fraud from happening in their organisations.
February 4, 2021
dew-drop

Audit must evolve to remain relevant and trusted

Audit has endured a battering of late, but now is the time for us all to work together to rebuild trust in the profession, says ICAS Deputy President Bruce Pritchard CA. Although my days as an auditor are behind me, I still care deeply about the profession. My views on what needs to change in this area may now come from the perspective of the CEO of a US-listed biotech firm and NED, but auditors need to understand public perceptions about their trade.
February 4, 2021
Change maker

Changemaker: A kinder magic

As Chief of Staff for the Children’s Investment Fund Foundation, Claire Harbron CA acts as an operational linchpin in the world’s fifth-largest philanthropic organisation – an undertaking that is demanding, emotionally charged and endlessly rewarding. The alleviation of acute malnutrition in Nigeria; establishing decarbonisation programmes in India; the treatment of billions at risk of infection from parasitic worms: it’s not hyperbolic to suggest that the Children’s Investment Fund Foundation (CIFF) addresses many of the weightiest and most fundamental issues confronting humanity.
January 8, 2021

ISCA Practitioners Conference 2020

The Conference, which highlighted the changing audit and business landscape, and the challenges brought about by the pandemic, also discussed the strategies that practitioners could adopt to build up their resilience for tomorrow. In the brighter future when historians write about the Covid-19 crisis, it will hopefully be, for the audit profession, a tale of human ingenuity and adaptability.
December 17, 2020
Young Leaders

Four key traits for outstanding young leaders

What skills and qualities do leaders need to possess in order to navigate an uncertain world and motivate others along the way? As the latest Finance & Business 2030 Building Resilience webinar made clear, leadership qualities the world needs now are not focused inwards on the self but are directed at others.
December 13, 2020

Altered states

From Comic Relief to local practitioners, we talk to finance professionals about the difficulties of returning to work after an extended absence for illness, and their advice for others Mark Wildig, director of finance at Comic Relief, says: “My first day back was daunting – like all the first days […]