Tag: financial reporting
Aligning ESG to corporate strategy
In the present climate, Environmental, Social and Governance (ESG) factors serve as crucial indicators of a company's long-term sustainability and ethical impact. These measures are essential not only for meeting regulatory requirements but also for gaining investor confidence, promoting consumer loyalty and ensuring operational resilience.
JSE delisting challenges – new regulations and market shifts
The Johannesburg Stock Exchange (JSE) is the largest bourse in Africa. Its market cap of approximately ZAR20 trillion also means that it sits in the top 20 of the world’s largest stock exchanges. Despite that size and heft, it is under significant pressure. In addition to increased competition from newer exchanges such as the Cape Town Stock Exchange and A2X Markets, it has a serious delisting problem.
Audit quality and governance accountability
The last five years have seen an improvement in the audit profession when it comes to audit failures. Is this evidence that the entire financial ecosystem finally understands the importance of taking responsibility for the audit process or is it because of the increase in legislative mandate and high scrutiny that is currently imposed on the audit profession?
Optimising accounting software selection
It is projected that the global accounting software market will grow to some R660 billion by 2033. The automation of accounting procedures and financial activities across industries has completely changed the international business landscape. In most large companies, manual data capturing processes have been relegated to the past, and it is only in the most extreme cases that these are still implemented.
Audit profession – failure to reform
The last five years have seen an improvement in the audit profession when it comes to audit failures. Is this evidence that the entire financial ecosystem finally understands the importance of taking responsibility for the audit process or is it because of the increase in legislative mandate and high scrutiny that is currently imposed on the audit profession?
JSE market segmentation project – listing requirements amendments approved
We are pleased to announce that the Financial Sector Conduct Authority (FSCA) has approved our amendments to the listings requirements dealing with market segmentation which come into effective on 23 September 2024.
The rise of AI expertise as a new employment trend in...
As Artificial Intelligence (AI) technology continues to evolve globally, its integration into the South African business landscape is becoming increasingly prominent. Companies across various sectors are leveraging AI to drive efficiencies, optimise operations, and create new revenue streams.
How much funding does a business need?
Determining the right amount of funding a business needs is a common challenge for many small and medium enterprises (SMEs). This is due to several reasons or practical challenges. To begin with, no business is the same. Funding requirements and the use of credit will vary based on business life stage (start, run or grow), operating cycles, growth plans, industry, and market conditions
Ways to build business resilience
In the dynamic and competitive world of business, staying financially fit is crucial for the long-term success and sustainability of any business. One aspect of maintaining financial fitness is having your business affairs in impeccable order. This entails meticulously managing your company's financial records, compliance, and transparency.
Dealerships are now accountable institutions – how can they adapt?
Late last year, South Africa changed the Financial Intelligence Centre Act (FICA) to alter the status of several business types, including motor vehicle dealers. Under the new changes, dealerships are accountable institutions. How does this affect their operations, and can they adapt to the new requirements?