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Changes in the SAICA Training Regulations

2026-02-03T14:55:56+02:00

SAICA recently issued their 2026 SAICA Training Regulations, effective from 1 January 2026. Training officers must ensure that the current version of the training regulations is communicated to all role-players in the training programme, so that it may be applied, in relation to their responsibilities. An overview of the most significant changes from the previous version of the training regulations is provided below.   Key Changes in ISA 570 (Revised 2024) The terminology in the training regulations was aligned with the terminology used in the SAICA Training Programme and editorial consistency was applied [...]

Changes in the SAICA Training Regulations2026-02-03T14:55:56+02:00

Audit Issues & Trends to Consider

2026-01-29T16:35:45+02:00

Your Content Goes Here Failure to assess non-compliance under NOCLAR and report RIs It was found that auditors often do not assess non-compliance as required. This is a two-stage, escalating obligation: NOCLAR per Section 360 of the IRBA Code: Requires auditors to identify, evaluate, and respond to actual or suspected non-compliance with laws and regulations (NOCLAR). Non-compliance may have a material effect on the financial statements, or may be fundamental to the entity's business (e.g. fraud, bribery and environmental breaches). Reportable Irregularity (RI) per APA Section 45: This is a specific, more severe subset of NOCLAR. An RI is [...]

Audit Issues & Trends to Consider2026-01-29T16:35:45+02:00

Three Trends Shaping the South African Audit Profession

2026-01-29T16:24:47+02:00

What’s News? Your Content Goes Here As 2026 gets underway, the audit profession in South Africa continues to experience high expectations, scrutiny, and an environment that is evolving more rapidly than many firms would like. Several clear trends are shaping how audit firms need to adapt this year. Audit quality is no longer a project Audit quality remains firmly in the spotlight, particularly through IRBA inspections, investigation of complaints, and the successful issue of fines, with or without disciplinary hearings. Firms that do not embed audit quality in their leadership culture, and do not apply the appropriate resources [...]

Three Trends Shaping the South African Audit Profession2026-01-29T16:24:47+02:00

IESBA launches Firm Culture and Governance Viewpoints 

2026-01-29T15:56:12+02:00

LATEST UPDATE IESBA launches Firm Culture and Governance Viewpoints  The International Ethics Standards Board for Accountants (IESBA) recently launched its viewpoints on firm culture and governance, initiating a six-month global dialogue on ethical culture focusing on the 2028 – 2031 strategy, sustainability ethics, firm governance, private equity, technology, and emerging risks and trends. The IESBA Viewpoints, Firm Culture and Governance Dialogues, is an IESBA publication designed to support global, dialogue-driven engagement on the organisational drivers of ethical behaviour in accounting firms. Building on IESBA’s Viewpoints across eight core elements of firm culture and governance, the [...]

IESBA launches Firm Culture and Governance Viewpoints 2026-01-29T15:56:12+02:00

SAICA releases AI Ethics Case Studies – Part 1

2026-01-29T15:47:32+02:00

LATEST UPDATE SAICA releases AI Ethics Case Studies – Part 1 SAICA has recently released a guidance document titled, AI Ethics Case Studies - Part 1, available on: https://saicawebprstorage.blob.core.windows.net/uploads/SAICA-AI-Ethics-Case-Studies-2025-Part-1.pdf The purpose of this guidance document is to provide professionals and trainees with clear, practical, and principle-based direction for navigating the complex ethical challenges arising from the use, adoption, design and governance of AI within the accountancy profession, and broader business sector. The guidance is intended to support sound judgment and compliance with the SAICA Code, and to promote responsible, trustworthy, and public interest-driven technology use [...]

SAICA releases AI Ethics Case Studies – Part 12026-01-29T15:47:32+02:00

IESBA and IAASB Launch Joint Stakeholder Survey to Shape 2028-2031 Strategies

2026-01-29T15:44:17+02:00

LATEST UPDATE IESBA and IAASB Launch Joint Stakeholder Survey to Shape 2028-2031 Strategies The International Ethics Standards Board for Accountants (IESBA) and the International Auditing and Assurance Standards Board (IAASB) have launched a joint global stakeholder survey marking the beginning of work toward their respective Strategies and Work Plans (SWPs) for 2028–2031 – a period of expected significant change in the global audit, assurance and ethics landscape. The joint survey represents the first step in the boards’ strategic planning process and will help inform the development of their respective Consultation Papers. By launching a single, [...]

IESBA and IAASB Launch Joint Stakeholder Survey to Shape 2028-2031 Strategies2026-01-29T15:44:17+02:00

Pending Disciplinary and Finalised Investigation Matters

2026-01-29T15:32:53+02:00

LATEST UPDATE Pending Disciplinary and Finalised Investigation Matters In the latest issue of IRBA News, Issue 72, six disciplinary matters pending disciplinary hearings and 20 finalised investigation matters were reported. Current open matters involve eight categories of improper conduct. The most common charge remains insufficient appropriate audit evidence. Other frequent charges include dishonesty and integrity issues, as well as failure to exercise due care and skill. In several investigation matters, among others, sufficient, appropriate audit evidence was not obtained for material balances and disclosures; material misstatements were not appropriately identified, evaluated and addressed; appropriate professional [...]

Pending Disciplinary and Finalised Investigation Matters2026-01-29T15:32:53+02:00

Educational Modules on the Third Edition of IFRS for SMEs Published

2026-01-29T15:28:59+02:00

LATEST UPDATE Educational Modules on the Third Edition of IFRS for SMEs Published The IFRS Foundation has published a package of new educational resources to support implementation of the third edition of the IFRS for SMEs Accounting Standard. These materials are aimed at stakeholders learning about or applying the IFRS for SMEs Accounting Standard. New educational modules: • Module 23 Revenue from Contracts with Customers • Module 15 Joint Arrangements • Module 28 Employee Benefits. Each module provides practical support and includes a comparison to the related full IFRS Accounting Standard. The educational modules are available on: https://www.ifrs.org/supporting-implementation/2025-ifrs-for-smes-supporting-materials/modules/ [...]

Educational Modules on the Third Edition of IFRS for SMEs Published2026-01-29T15:28:59+02:00

Prudential Communication 17 of 2025 – Submission of Auditor Applications for Insurers

2026-01-29T15:22:56+02:00

LATEST UPDATE Prudential Communication 17 of 2025 - Submission of Auditor Applications for Insurers The Prudential Authority (PA) updated Form IF 006, specifically for applications to approve the appointment of auditors and related information on the PA’s approval process. Insurers must submit auditor applications using the updated form within 30 days of the internal appointment of the auditor(s). The communication is available on: www.resbank.co.za/content/dam/sarb/publications/prudential-authority/pa-public-awareness/covid-19-response/2025/Prudential%20Communication%2017%20of%202025%20-%20Submission%20of%20Auditor%20Applications%20for%20Insurers.pdf more LEAFQuest Advance Your Knowledge in Auditing Enroll in Our Latest Courses! Quests List LEAFQuest Advance Your [...]

Prudential Communication 17 of 2025 – Submission of Auditor Applications for Insurers2026-01-29T15:22:56+02:00

SAICA Communication – Auditor Opinions in terms of Management Rule 26(5)(c) of the Sectional Titles Schemes Management Regulations, 2016

2026-01-29T15:18:05+02:00

LATEST UPDATE SAICA Communication – Auditor Opinions in terms of Management Rule 26(5)(c) of the Sectional Titles Schemes Management Regulations, 2016 In December 2025, SAICA updated its guidance document for sectional title audits. A new clarifying sentence was added to the illustrative report explaining that an auditor’s inability to accept an assurance engagement was not caused by any actions or inactions of the trustees in managing the body corporate’s financial affairs. Readers may refer to P. 18 for the exact wording. The updated guidance document is available on: www.saica.org.za/resources/89141 more [...]

SAICA Communication – Auditor Opinions in terms of Management Rule 26(5)(c) of the Sectional Titles Schemes Management Regulations, 20162026-01-29T15:18:05+02:00
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