Accounting

Compliance due 1 Apr 2022 regarding XBRL Mandate extended to Co-operatives as per CIPC Notice 52 of 2021 Co-operatives will be required to file audited financial statements or independent reviewed reports depending on the category from 1 April 2022. Read notice Here  CIPC Practice Note 2 of 2022: Certification requirements for documents filed with the CIPC, …

Read more regarding recent CIPC Notices published and compliance due Read More »

Notice IFAC issued 8th instalment in the” Anti-Money Laundering, The Basics”-Series on 28 Mar 2022. Information and Implications The series provides professional accountants with a better understanding of how money laundering works, the risks they face and what they can do to mitigate these risks and make a positive contribution to the public interest. The 8th …

IFAC issued 8th instalment in the “Anti-Money Laundering, The Basics”- series Read More »

Notice The International Federation of Accountants (IFAC) issued a Tool to work in conjunction with the International Auditing and Assurance StandardsBoard’s (IAASB) previously published ISA 540 (Revised) Auditing Accounting Estimates and Related Disclosures, and other relevant ISAs. Information and Implications Management of all entities, irrespective of type or size, has to make accounting estimates from time to time. …

IFAC Release: New Implementation Tool for auditing accounting estimates. Read More »

Notice Exposure Draft ED/2022/S1 General Requirements for Disclosure of Sustainability-related Financial Information is published by the ISSB for comment only.Exposure Draft ED/2022/S2 Climate-related Disclosures is published by the ISSB for comment only. Information and Implications Professional accountants and finance executives are ideally positioned to play a key advisory role in addressing the reporting requirements, challenges and opportunities relating to sustainability …

The International Sustainability Standards Board’s (ISSB) First two exposure drafts of Sustainability and related Financial and Climate disclosure requirements are available for public consultation and comments until 29 July 2022.  Read More »