News
A new era for financial reporting
By Mulala Ratshitanga, SAICA Project Director: Financial Reporting
A new era for financial reporting has arrived as a new accounting standard has been launched. The latest accounting standard introduces fundamental changes to how companies present and disclose information in their financial statements. The new accounting standard, IFRS 18 – Presentation and Disclosures in Financial Statements, will affect all companies across all sectors in South Africa which apply IFRS Accounting Standards.
SAICA calls for improved working environments to attract and retain top talent in the public sector
Johannesburg, 24 July 2024 - The South African Institute of Chartered Accountants (SAICA) is urging government institutions to prioritise the creation of a more positive and supportive working environment for qualified professionals. As government continues efforts to professionalise the public sector, attracting and retaining professionals will be amongst the key tests of success.
SAICA condemns the attack on SARS advocate Coreth Naudé
Johannesburg, 22 July 2024 - The South African Institute of Chartered Accountants (SAICA) condemns in the strongest possible terms, the attempted assassination of Advocate Coreth Naudé, a senior advocate acting for the South African Revenue Service (SARS) in a tax inquiry.
Empowering South Africa’s Youth: Over 3350 learners to attend the SAICA FASSET Development Camps this month
More than 3350 high school learners will attend the FASSET SAICA Development Camps across South Africa’s nine provinces this youth month to harness their academic potential and achieve the results needed to pursue careers in high-demand professions.
The curious case of costing the NHI
Johannesburg, Tuesday, 4 June 2024 - While the President has signed the National Health Insurance (NHI) into law, the bean counters at National Treasury have yet to start looking for their excel sheets needed to ensure the NHI is fully costed. SAICA’s Executive for Taxation, Pieter Faber, provides clarity on why funding the NHI has been so elusive.
SAICA congratulates new board members of the Accounting Standards Board
The Accounting Standards Board (ASB) recently announced its new board members, tasked with serving the public interest by setting Standards of Generally Recognised Accounting Practice (GRAP) that promote accountability, transparency, and effective financial management within all spheres of government.
SAICA hosts corporate reporting webcast to propel SMEs for future growth
The South African Institute of Chartered Accountants (SAICA) hosted a corporate reporting webcast for Small and Medium-sized Enterprises (SMEs) on Monday, 22 April 2024, focusing on the 2024 economic outlook, financial reporting, assurance, Companies Amendment Bill, and sustainability.