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Three Trends Shaping the South African Audit Profession
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 [...]
The Rabbit Hole of Substantive Testing
What’s News? Your Content Goes Here For decades now, audit firms, especially small firms, or SMPs, as they are known nowadays, have insisted on the substantive approach, without any regard for controls. This [...]
Taking responsibility for quality on the engagement – Partner or EQR
What’s News? Your Content Goes Here With the implementation of quality management systems to comply with ISQM, audit firms are compelled to be aware of threats to the ability of engagement teams [...]
Audit Issues & Trends
Audit Issues & Trends to Consider
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 [...]
Audit Issues & Trends to Consider
Your Content Goes Here Implementation of IFRS 19 The introduction of IFRS 19: Subsidiaries without Public Accountability: Disclosures represents a notable step towards reducing the financial reporting burden for many private companies. Its primary benefit is [...]
Audit Issues & Trends to Consider
Your Content Goes Here 1. Risk scoping Many auditors are still grappling with applying the principles of ISA 315 (Revised 2019) when performing risk assessment and audit scoping. The standard requires the auditor to [...]
Latest Updates
Newsletters
Going Concern Audits: What ISA 570 Revised Means
The International Standard on Auditing (ISA) 570 (Revised 2024), [...]
Overview of the IFRS for SMEs Accounting Standard 2025 Update
On 27 February 2025, the International Accounting Standards Board (IASB) issued [...]
Professional Scepticism
Misstatements in financial statements originate from errors or fraud. The [...]
Audit of Body Corporates and Homeowners’ Associations
Difference between body corporates and homeowners’ associations While both [...]
Proactive Audit Quality: A Continuous Improvement Approach Under ISQM 1
Proactive Audit Quality: A Continuous Improvement Approach Under ISQM 1 [...]
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