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What’s News
Auditor and AI–How the Documentation Fixation will Blow Up in Our Faces
What’s News? Auditors are all excited about the advancements in AI, and are scrambling to implement this tool in the enhancement of their procedures on the one hand, while trying to figure [...]
New business challenges to small and medium practices (SMPs)
What’s News? With increasing regulatory demands, many small and medium-sized audit practices (SMPs) have shifted their focus almost entirely to compliance — often at the expense of essential business practices. While ISQM [...]
AI and the Audit Profession – Highlighting Current Inadequacies
What’s News? I have been in the audit profession for 43 years now. I was blessed to be with a ‘big eight’ firm when I started, at a time when there were [...]
Audit Issues & Trends
Regulated Industries
Audit Issues & Trends Audit issues and trends to consider: 1. Regulated industries It is often required in regulated industries that the regulator approve the auditor to perform audits within the industry. [...]
Auditing Accounting Estimates
Audit Issues & Trends Audit issues and trends to consider: Auditing accounting estimates Every set of financial statements contains accounting estimates made by management. Estimates may, however, contain an element of management [...]
Corroborating Evidence for Client Discussions
Audit Issues & Trends Audit issues and trends to consider: Corroborating evidence for client discussions Enquiry is an audit procedure used extensively throughout the audit, in addition to other audit procedures. Evaluating [...]
Latest Updates
Newsletters
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 [...]
Newsletter February 2025
Bending the Rules Auditors often find themselves in a delicate situation [...]
Newsletter January 2025
Changes in SAICA Training Regulations SAICA recently issued their updated SAICA [...]
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