Accounting & Assurance Updates
The latest developments from Regulators and standard setting bodies
Accounting & Assurance Updates
New Exposure Draft: International Non-Profit Accounting Guidance (INPAG)
The IFR4NPO Project has reached a major milestone in developing International Non-Profit Accounting Guidance (INPAG). Led by Humentum, a non-profit membership association, and CIPFA, the Chartered Institute of Public Finance and Accountancy in the...
Important changes to CIPC e-services platform and implementation of card payments
20 November 2022 From the 5th December 2022, the CIPC will only accept debit/credit card payment method for transactions on the CIPC electronic platforms; however, EFTs and declining balances will be...
BDO auditor fired for changing an audit file earmarked for investigation by
The UK regulator Financial Reporting Council (FRC) is an independent body responsible for monitoring the quality of major local audits revealed “significant weaknesses” in the BDO audit team’s documentation, archiving and engagement....
CIPC Notice – offices will be closed on Friday, 18 November
9 November 2022 CIPC offices in Pretoria, Johannesburg, Cape Town and Durban will be closed to the public on 18 November 2022. Various offices will be re-opened on Monday, 21 November...
ISSB at COP27 podcast available now
11 November 2022 At Sharm El-Sheikh’s COP27 the ISSB announced further steps in its delivery of the architecture needed for a global baseline, as well as partnerships agreed, that will help...
ISSB at COP27: key announcements made on climate-related disclosure standards
8 November 2023 The ISSB’s objective to provide better information for better economic and investment decisions continues to be driven forward in response to demand from international stakeholders. At Sharm El-Sheikh’s...
IFAC’s G20 Call to Action: Progress in Times of Uncertainty
1 November 2022 Over the course of the COVID pandemic, IFAC has stressed a core set of key priorities for G20 leaders—advancing sustainability, supporting sound public financial management, resisting regulatory fragmentation,...
New IFAC Report Highlights a Challenges and Gaps in Corporate Climate Reporting
9 November 2022 IFAC’s new report: Getting to Net Zero: A Global Review of Corporate Disclosures focuses on corporate emissions reduction reporting. While substantially fewer companies disclosed information on emission reduction targets,...
IAASB OPENS PUBLIC CONSULTATION FOR REVISED AUDIT EVIDENCE STANDARD
24 October 2022 Proposed International Standard on Auditing 500 (Revised), Audit Evidence, provides a “reference framework” for auditors when making judgments about audit evidence throughout the audit. The current ISA 500 addresses an...
ISSB confirms requirement to use climate-related scenario analysis
1 November 2022 At the supplementary board meeting the ISSB voted to confirm that companies will be required to use climate-related scenario analysis to report on climate resilience and to identify climate-related risks...
CIPC Notice – Manual name reservation service not available
25 October 2022 CIPC is currently experiencing technical difficulties with the associated name reservation service (manual name reservation) and it is receiving urgent attention. Therefore, until further notice, this service is...
New IFAC guidance on implementing the quality management system for small and
31 October 2022 IFAC released new guidance for SMEs to assist with the implementation of the new quality management system. The IAASB’s suite of quality management standards were issued in December...
