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Tue, Aug 11, 2020

NOCLAR drives professional ethics

SAICA sheds light on the new international Non-compliance with Laws and Regulations (NOCLAR) requirements.


The Association of International Certified Professional Accountants (the Association) has voiced its strong opposition to a plan by South Africa’s Independent Regulatory Board for...

FICA amendments deadline fast approaching

The deadline for accountable institutions to meet the amendments of the Financial Intelligence Centre Act, No. 38 of 2001, as amended by the Financial Intelligence Centre Amendment Act, Act 1 of 2017 (FICA) legislation, which was introduced to counteract money laundering and the financing of terrorism, is fast approaching on April 2, 2019.

Rule on mandatory audit firm rotation announced

In compliance with section 10(1)(a) of the Auditing Profession Act, 26 of 2005, the Independent Regulatory Board for Auditors (IRBA) has announced and published the rule on Mandatory Audit Firm Rotation (MAFR) for auditors of all public interest entities, as defined in section 290.25 to 290.26 of the amended IRBA Code of Professional Conduct for Registered Auditors.

Money Laundering Compliance for Africa?

Africa has earned an unfair reputation of being a haven for money laundering and terror financing activity. There’s good reason for this. Africa has...

Choosing between IFRS and IFRS for SMEs

Over the last few years we have seen various changes being made with regards to the International Financial Reporting Standards (IFRS) accounting framework, which includes new standards such as IFRS 15 (Revenue), IFRS 9 (Financial Instruments) and IFRS 16 (Leases), replacing the old IAS 18, IAS 32 and IAS 17 respectively.

CA(SA) | Ethics education and expectations

Ethics is one of the three pervasive skills competency areas to be developed in all entry-level CAs(SA) that SAICA requires in its rigorous qualification process.

IFRS 16 – will new lease accounting standards affect your company?

The new lease accounting standard, IFRS 16, will bring all leasing assets on-balance sheet, which may significantly affect companies’ key performance indicators, loan covenants and regulatory capital requirements.

Latest global trends in fraud and corruption

Badibanga Promesse | Regional Vice President – Africa | CIMA | Badibanga.Promesse@cimaglobal.com| http://www.cimaglobal.com/| Is your business a step ahead of the perpetrators? Fraud and corrupt practices...

Financial Services Industry adopts Twin Peaks Regulation

The Financial Sector Regulation Bill was passed by Parliament and sent to the President for assent on 22 June 2017.  The Bill provides the...



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