IESBA staff publication explores ethical considerations for accountants using emerging technologies, ahead of upcoming AI guidance.
Key outcomes from the IAASB's June 2026 board meeting, including ISA 330, ISA 500, ISA 520 and LCE exposure drafts.
FICA sections 30, 54, 55 and 70 commenced 1 July 2026, alongside amended money laundering regulations. Here's what changed.
IASB issues targeted amendments clarifying fair value option eligibility in IAS 28, aligning with new IFRS 18 requirements.
IRBA issues an exposure draft guide for registered auditors on medical scheme assurance engagements. Comments are due by 27 August 2026.
IAASB publishes new FAQs on applying materiality under ISSA 5000 for sustainability assurance engagements. Here's what auditors need to know.
Companies Amendment Act Changes Now Effective: Key Remuneration and Governance Implications On 22 May 2026, sections 5, 6 and 19 of the Companies Amendment Act 16 of 2024 came into operation following the publication of a Presidential Proclamation in Government Gazette 54722. These provisions introduce significant amendments to the Companies Act 71 of 2008, particularly in relation to remuneration disclosures, shareholder oversight of remuneration practices, and alternative dispute resolution mechanisms. Importantly, the amendments became effective immediately, without any formal transitional period. The commencement of these provisions has created a number of practical challenges for [...]
Fee-related disclosures Audit regulators frequently identify audit documentation deficiencies when it comes to fee-related disclosures required by the IESBA Code for audits of public interest entities. Auditors often fail to document their considerations, or to consider whether sufficient fee-related disclosures were included in the financial statements. The IESBA Code para R410.30 requires auditors to discuss the importance of fee-related disclosures with those charged with governance of the public interest entity, and para R410.31 sets out the required fee-related disclosures. If the audit client does not make the relevant disclosure, the audit firm must publicly disclose in their audit report: [...]
What’s News? I will limit this discussion to the audit of companies, but the principles make governance sense for any entity. In general, management’s assessment of the health of their business is only an afterthought to satisfy the auditors, without them realising the disastrous consequences on the business and themselves as individuals, if they don’t do so. Somehow, the understanding of the effect of going-concern assessments by auditors is not much different, as the required procedures, in terms of the auditing standards, are followed in a boilerplate fashion, without considering or understanding the effect on stakeholders and management. [...]
LATEST UPDATE Exposure Draft Consolidation Exception In May 2026, the IASB published the Exposure Draft Consolidation Exception, which is available on: https://www.ifrs.org/content/dam/ifrs/project/ifrs-for-smes-accounting-standard-consolidation-exception/ed-iasb-sme-2026-1-consolidation-exception.pdf It addresses a question that was raised to the SMEIG and is open for comment until 9 September 2026, with more details on: https://www.ifrs.org/projects/work-plan/ifrs-for-smes-accounting-standard-consolidation-exception/ed-cl-consolidation-exception/ The application question was about whether the exception in paragraph 9.3 of the IFRS for SMEs Accounting Standard (Standard), from preparing consolidated financial statements (the ‘consolidation exception’), applies to an intermediate parent, if its ultimate (or intermediate) parent is an investment entity that produces separate financial statements in which [...]
