One of the biggest frustrations of an audit for both auditors and auditees alike is the fact that the audit of the financial statements of a small, simple company is treated the same as the audits of listed entities with a number of subsidiaries and divisions.

Financial fraud is a major contributor to the widespread poverty plaguing South Africa. From SAA being looted - leading to job losses - to fraud and corruption in the management of SASSA grants, it seems that the poorest of the poor are always the unwilling losers. But whose responsibility is it to prevent and detect fraud? Sindy Pretorius looks into this.

The release date of the Estate Agency Affairs Act 112 of 1976 (EAAA) clearly indicates that it is outdated. A lot has changed in the last 43 years and now, so has this act. The Property Practitioners Act 22 of 2019 (PPA), which replaced and repealed the EAAA, was promulgated in the Government Gazette on 3 October 2019. National Technical Director of Moore South Africa, Sindy Pretorius, takes a closer look.

The International Accounting Standards Board (IASB) issued IFRS 16 Leases on 13 January 2016. Revising the lease accounting requirements was first added to the IASB’s agenda in 2006. Since then, several exposure drafts have been issued and hotly debated. Now that IFRS 16 has been released, our team looks at the key implications for leases and lessees.