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Scepticism and Reasons for Audit Failures
What’s News? The largest risk for an auditor is an audit failure, i.e. where the audit report issued was inappropriate. This can only occur when there is a lack of evidence to [...]
File Accessibility, Integrity and Security in the Context of ISQM 1 and Regulatory Standards
What’s News? With the advent of quality management standards, such as the International Standard on Quality Management 1 (ISQM 1), and the stricter regulation of file lockdown procedures and archiving, many firms [...]
Key Amendments to the Companies Act Effective 27 December 2024: What You Need to Know
What’s News? On 27 December 2024, certain sections of the Companies Amendment Act 16 of 2024 became effective, including: Section 16, dealing with the effective date of MOI changes Section 45, which [...]
Audit Issues & Trends
Going concern
Audit Issues & Trends Audit issues and trends to consider: Going concern South Africa’s persistent economic challenges, including load shedding, high unemployment, inflationary pressures, political uncertainty, and constrained fiscal and monetary policy [...]
Reliance on Expert Reports
Audit Issues & Trends Audit issues and trends to consider: Reliance on expert reports Audit client management often employs experts to assist with determining values for complex estimates or matters falling outside [...]
Latest Updates
Newsletters
Newsletter November 2024
Audit Implications of IFRS 18 In the constantly evolving field of [...]
Newsletter October 2024
IRBA EAR Rule The IRBA Rule on Enhanced Auditor Reporting for [...]
Newsletter September 2024
Providing Accounting Services to Audit Clients Many audit firms provide financial [...]
Newsletter August 2024
Providing Accounting Services to Audit Clients Many audit firms provide financial [...]
Newsletter July 2024
The Motivations and Intentions of Management When performing an audit, it [...]
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