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.

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.

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.