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SAICA welcomes the IIRC and SASB merger
Johannesburg, 9 June 2021 – The South African Institute of Chartered Accountants (SAICA) acknowledges and welcomes the formal announcement of the merger between the International Integrated Reporting Council (IIRC) and the Sustainability Accounting Standards Board (SASB) to create a new entity, to be known as the Value Reporting Foundation (VRF).
SAICA welcomes the appointment of a high-level task team to manage the National Implementation Framework towards the Professionalisation of the Public Service
SAICA’s CEO, Mr Freeman Nomvalo, has been appointed to serve on the task team that will be advising the Minister on matters pertaining to the professionalisation of the public service. Mr Nomvalo will serve on the public finance and audit stream of the task team.
Consolidated Annual Financial Statements – A case for government?
Johannesburg, 31 May 2021 – The appendix to IFRS 10 defines consolidated financial statements as the financial statements of a group in which the assets, liabilities, equity, income, expenses and cash flows of the parent and its subsidiaries are presented as those of a single economic entity.