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So far LEAF Quality Systems (Pty) Ltd has created 254 blog entries.

IRBA Public Inspections Report 2017 – ISQC 1

2018-08-20T09:55:46+02:00

IRBA Public Inspections Report 2017 - ISQC 1 Have you looked at the IRBA Public Inspections Report 2017 yet? Several critical issues were identified at firm level that all firms should consider. Firm leadership: Tone at the top - lead by example Development of internal culture of quality Promptly monitor, identify and communicate common weaknesses Root cause analysis for deficiencies identified Balanced commercial interests to protect audit quality Consistent audit quality on all audits Independence as underlying root cause for most deficiencies: Prohibited non-audit services (preparing financial statements) Audit tenure disclosed in audit report was incorrect or omitted [...]

IRBA Public Inspections Report 2017 – ISQC 12018-08-20T09:55:46+02:00

Attorneys’ Trust Accounts

2018-08-20T09:55:55+02:00

Attorneys' Trust Accounts It is Attorneys' Trust Account audit season. Is your assurance methodology effective and covering all auditing requirements, or is it only testing compliance with the Rules? Compliance will not guarantee you finding an error and you have to consider your business risk as a firm and be sure you are able to do adequate work to find any possible error. It is therefore critical that your audit work covers all requirements of ISAE 3000 (Revised), which is derived from ISA principles, to ensure that your methodology is appropriate and addresses all relevant risks [...]

Attorneys’ Trust Accounts2018-08-20T09:55:55+02:00

XBRL going live 1 July 2018

2018-08-20T09:56:47+02:00

XBRL going live 1 July 2018 XBRL and your practice As you know, CIPC will require of all qualifying entities to submit their Annual Financial Statements (AFS) online via XBRL going forward from 1 July 2018. XBRL is an Extensible Business Reporting Language for electronic communication of business information providing major benefits in the preparation, analysis, communication of Annual Financial Statements. Some of the benefits of mapping all AFS in accordance with the XBRL taxonomy include improved searchability, accuracy, comparability, transparency, efficiency and automation. Very important to note is that the CIPC allows auditors to submit AFS of their clients [...]

XBRL going live 1 July 20182018-08-20T09:56:47+02:00

SAICA training office compliance services

2018-08-20T09:57:08+02:00

SAICA Training Office Compliance The SAICA Training Regulations require of training officers and registered assessors to constantly stay up to date with the latest requirements, whilst ensuring that all training office responsibilities are met. In our fast paced business environment, professionals can't afford too much time away from productive activities. We can provide you with the assistance of an experienced and qualified individual that comes in from an independent perspective to review your existing training office processes and documentation, six-monthly assessments for trainees and other required documentation for compliance. Independent compliance monitoring of a training office can greatly assist with early [...]

SAICA training office compliance services2018-08-20T09:57:08+02:00
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