Tag: South African Institute of Chartered Accountants (SAICA)

An interview with Gigi Nyanin, Project Director, Tax Publications and Thought leadership, South African Institute of Chartered Accountants (SAICA), and Dr Ivor Blumenthal, CEO, ArkKonsult, discussing the auto assessments that the South African Revenue Service (SARS) introduced in August 2020 which provided them with the ability to file income tax returns on behalf of taxpayers.

One of the most contentious and eagerly awaited topics of 2021 is government’s vaccine roll-out plan to immunise South African citizens against COVID-19. Never in recent times has a microscopic germ had such a catastrophic impact on the world.

Since 2017, the auditing profession has been plagued by high-profile corporate failures that have implicated auditors. As a result of state capture revelations, share price collapses, and corruption allegations, the South African public continues to question how audit can be relied upon to protect its investments.

Much confusion and debate seems to exist in the market regarding the changes to the access to retirement benefits (pension preservation funds, provident preservation funds and retirement annuity funds) on emigration. The concept of ‘emigration’ and the SARS approval process (via MP336b) falls away from 1 March 2021 and is replaced with the concept of an individual ‘ceasing to be a resident for tax purpose’ in South Africa.

In August 2020, the South African Revenue Service (SARS) introduced auto assessments which provided them with the ability to file income tax returns on behalf of taxpayers. These auto assessments are populated from a taxpayer’s information which is collected from third parties such as financial institutions, employers, and medical aid schemes.

We’re living in a world of radical shift. And yet, our education system harks back to a bygone era. I believe that not only that we are facing a great opportunity to change the way we learn, but in fact, that we need to reimagine education completely, and see it as a process of learning, unlearning and relearning, throughout our professional lives.

As part of the South African Institute of Chartered Accountants’ (SAICA) month-long focus on ethics, we have contributed valuable insights during a webinar on how a good ethical culture is the enabling environment for every activity of the enterprise, how it enhances the quality of all resources, and how it is the regenerative source for an organisation’s trust capital.

In October 2020, we focused on ethics and delivered a series of webinars to discuss the ethical challenges currently facing the chartered accountancy and auditing professions and come up with solutions to these challenges. During a particular focus on ethics in the public sector, I shared that the professional body has noted an increase in the number of member complaints about intimidation threats.

This article by Graeme Codrington is about what is needed to unlock what the future holds for tertiary education, learning and professional development in the aftermath of COVID-19, and is the second part of a five-part series on the Future of Education run by the South African Institute of Chartered Accountants (SAICA).

The Top-35-under-35 competition was launched by the South African Institute of Chartered Accountants (SAICA) in 2014 to recognise its young CA(SA) achievers. It has proven to be a huge success in recognising and promoting young CAs(SA) under the age of 35 who are not just achieving extraordinary results in their professional capacity, but also have a significant impact on society.