News
SAICA advises taxpayers to carefully examine SARS auto assessments
The South African Institute of Chartered Accountants (SAICA) encourages taxpayers issued with an auto assessment from the South African Revenue Service (SARS) to carefully examine it before treating it as correct.
UNISA retains its SAICA accreditation
Following recent reports in the media on the status of UNISA’s programmes accredited by SAICA, we reiterate our previously communicated stance that UNISA retains its SAICA accreditation.
SAICA encourages companies to use the CIPC process to apply for voluntary deregistration
The Companies and Intellectual Property Commission (CIPC), published a notice on 22 June 2022 that will allow companies and/or close corporations (CCs) that are classified as “in deregistration”, to transfer their deregistration from 1 July 2022 by the CIPC due to the non-submission of annual returns (AR Deregistration) to “voluntary deregistration”.
CA(SA) appointed to global body to advise on the application of the accounting standard for SMEs
29 June 2022 - The South African Institute of Chartered Accountants (SAICA) congratulates Blaise Colyvas CA(SA), for his appointment to the International Accounting Standards Board (IASB) Small Medium Enterprise Implementation Group (SMEIG) with effect from 1 July 2022.
Free State matrics use school holidays to knuckle down for success
Bloemfontein, 28 June 2022 – This school holiday, 200 grade 12 learners will attend the South African Institute of Chartered Accountants’ (SAICA) Free State Development Camp to harness their academic potential and produce the quality pass rates needed to study degrees leading towards South Africa’s much needed professions of high demand.
73-year-old accountant to take on the Amazon river to fight climate change
At 73 years of age, an accounting professor at the University of the Witwatersrand in Johannesburg, South Africa, Kurt Sartorius, will set out on an expedition that nearly broke him 50 years ago to raise awareness on climate change.
IT controls remain a cause for concern in local government
The Auditor-General of South Africa (AGSA) Municipal Finance Management Act (MFMA) Report 2021-20, has once again highlighted serious concerns regarding Information Technology (IT) controls in local government.
Transactions and financial information are processed using information systems that should include sound systems of internal control, thus ensuring the integrity of information used for decision-making. The assessment of the IT control environment identified significant weaknesses, illustrating the severity of challenges faced by local government. IT controls are foundational to credible reporting and can contribute immensely to the success of a municipality.