Training Office Compliance Archives - Leaf Quality Systems (Pty) Ltd

Evaluating the System of Quality Management
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Evaluating the System of Quality Management

LEAF Quality Systems (Pty) Ltd2023-01-31T22:14:20+02:00

Evaluating the system of quality management In the past year, firms have been making a significant effort to update their systems of quality management and start implementing the new risk-based standards of managing quality. Throughout this coming year, firms will perform the first round of monitoring to determine whether they are complying with their updated systems. The final step of implementing the new standards must not be overlooked, namely evaluating the system of quality management. Evaluating the system The individual or individuals carrying the ultimate responsibility and accountability for the system of quality management, normally [...]

Evaluating the System of Quality ManagementLEAF Quality Systems (Pty) Ltd2023-01-31T22:14:20+02:00

Resources, information and communication
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General LEAF, LEAF Audit Quality, LEAF Financial Reporting, LEAF Global, LEAF IFRS, LEAF Methodology, LEAF Quality, LEAF Technical, LEAF Training, Training Office Compliance

Resources, information and communication

LEAF Quality Systems (Pty) Ltd2023-01-31T22:11:24+02:00

Newsletter April Significant Risk Assessment When considering whether appropriate resources are available to perform engagements, practitioners have traditionally only considered human resources available within the firm. The new quality management standards expand on this, however, by requiring firms to also consider the technological and intellectual resources available. Firms should also consider whether appropriate resources are available to maintain their quality management system; they should establish an information system to support the operation of their quality management system, and ensure that the necessary communication takes place internally and externally. Firm-level considerations ISQM 1 para 32 requires [...]

Resources, information and communicationLEAF Quality Systems (Pty) Ltd2023-01-31T22:11:24+02:00

Ethics, acceptance and continuance
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General LEAF, LEAF Audit Quality, LEAF Financial Reporting, LEAF Global, LEAF IFRS, LEAF Methodology, LEAF Quality, LEAF Technical, LEAF Training, Training Office Compliance

Ethics, acceptance and continuance

LEAF Quality Systems (Pty) Ltd2023-01-31T22:11:43+02:00

Ethics, acceptance and continuance 30 September 2022 Ethics is a fundamental concept that needs to be established in an auditing and accounting practice. It cannot merely be given lip service, and should lead to proactively managing the risk of ethical threats and breaches that could inappropriately influence the firm’s compliance with relevant ethical requirements. One of the occasions when ethics may be involved in audit considerations is when deciding whether to accept, or continue with client relationships and engagements. Quality, integrity and independence should be the overriding factors. Firm-level considerations ISQM 1 para 29 [...]

Ethics, acceptance and continuanceLEAF Quality Systems (Pty) Ltd2023-01-31T22:11:43+02:00

Newsflash: IFAC Practice transformation action plan
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General LEAF, LEAF Audit Quality, LEAF Financial Reporting, LEAF Global, LEAF IFRS, LEAF Methodology, LEAF Technical, LEAF Training, Training Office Compliance

Newsflash: IFAC Practice transformation action plan

LEAF Quality Systems (Pty) Ltd2020-06-22T16:58:02+02:00

Newsflash: IFAC Practice transformation action plan Welcome to the Fast-Future We will not recognise the accountancy profession in the next 10 years. Actually, the fact of the matter is that it will probably be in the next five years. —Barry Melancon, President & CEO, American Institute of CPAs and CEO, Association of International Certified Professional Accountants We live in a dynamic, fast-paced world. Accenture predicted that advances in robotics would automate, or eliminate 40% of basic accounting roles by 2020. Within 10 years, robots [...]

Newsflash: IFAC Practice transformation action planLEAF Quality Systems (Pty) Ltd2020-06-22T16:58:02+02:00

ETHICS – Rotten to the core?
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General LEAF, LEAF Audit Quality, LEAF Global, LEAF IFRS, LEAF Training, Training Office Compliance

ETHICS – Rotten to the core?

LEAF Quality Systems (Pty) Ltd2018-09-06T08:51:46+02:00

ETHICS - Rotten to the core? Have you wondered why the auditing profession is in such a sad state? Maybe we should start with some serious introspection and fundamental changes. Not only the IRBA Public Inspections Report 2017, but also multiple auditing scandals in the media showed that independence was the root cause of most audit deficiencies recently. Firm culture needs to be revamped drastically to start changing this around. Leadership must set a good example and communicate principles of quality and ethics to enable staff to function optimally. Build high performance teams through trust, integrity [...]

ETHICS – Rotten to the core?LEAF Quality Systems (Pty) Ltd2018-09-06T08:51:46+02:00

SAICA training office compliance services
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LEAF Training, Training Office Compliance

SAICA training office compliance services

LEAF Quality Systems (Pty) Ltd2018-08-20T09:57:08+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 servicesLEAF Quality Systems (Pty) Ltd2018-08-20T09:57:08+02:00