property plant and equipment Archives - Leaf Quality Systems (Pty) Ltd

New Educational Modules on the Third Edition of IFRS for SMEs Published

LEAF Quality Systems (Pty) Ltd2026-07-01T18:51:01+02:00

LATEST UPDATE New Educational Modules on the Third Edition of IFRS for SMEs Published The IFRS Foundation has published four new educational resources to help stakeholders learn, apply and implement the third edition of the IFRS for SMEs Accounting Standard. The new educational modules are: Module 13 – Inventories Module 17 – Property, Plant and Equipment Module 21 – Provisions and Contingencies Module 30 – Foreign Currency Translation Each module provides practical support and includes a comparison with the related full IFRS Accounting Standard. The educational models are available on: https://www.ifrs.org/supporting-implementation/2025-ifrs-for-smes-supporting-materials/modules/ more [...]

2025-07-30T16:45:33+02:00

Audit Issues & Trends Your Content Goes Here 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 bias, and the auditor should remain aware of this possibility. It is, therefore, important for the auditor to critically assess the risk of material misstatement, possible management incentives to commit fraud, and other indicators of bias related to these estimates, as well as the consistency of the methods applied, and to perform appropriate procedures to respond to the risks identified, applying professional [...]