scholarly journals Openbaarmaking van belastinginligting in die finansiële verslae van maatskappye: Vereistes, riglyne en mate van voldoening

2002 ◽  
Vol 10 (1) ◽  
pp. 187-208
Author(s):  
M. Stiglingh ◽  
J.F.M. Kotzé
Keyword(s):  
South Africa ◽  
South African ◽  
Financial Statements ◽  
The South ◽  
Financial Reports ◽  
South African Institute ◽  
Accounting Practice ◽  
Chartered Accountants

The purpose of this study was to determine the requirements and guidelines for the disclosure of taxation information in the financial reports of South African companies in order to determine the extent to which leading South African companies comply with these requirements and guidelines. It was determined that there are comprehensive requirements and guidelines in respect of the disclosure of taxation information in the financial reports of South African companies. These requirements and guidelines are regulated by the Companies Act, No. 61 of 1973, as well as the statements of Generally Accepted Accounting Practice that are issued by the South African Institute of Chartered Accountants. The analyses undertaken of the financial statements of the selected companies indicate that leading companies in South Africa comply to a large extent with the requirements and guidelines for the disclosure of taxation information in financial reports.

scholarly journals Analysing annual financial statements of public ordinary secondary schools in the Tshwane north district, South Africa

2015 ◽  
Vol 4 (3) ◽  
pp. 250-258
Author(s):  
Elizabeth Doussy ◽  
Frank Doussy
Keyword(s):  
South Africa ◽  
Secondary Schools ◽  
South African ◽  
Financial Statements ◽  
Poor Quality ◽  
The South ◽  
Positive Role ◽  
Accounting Practice ◽  
South African Schools Act

This paper presents the results from an analysis of the annual financial statements of public ordinary secondary schools in the Tshwane North District, South Africa. The analysis was done to assess the quality of these annual financial statements as well as the apparent usefulness thereof for the parents of the learners in the school. These users are probably most concerned with the quality and usefulness of information presented to them for providing the necessary assurance that the funds received by the school are properly accounted for and used to the advantage of their children. The results suggest that assurance in this regard is lacking as audits are not done at all, or are of an extremely poor quality. The quality of the financial statements is also poor, with scant regard for Generally Accepted Accounting Practice or the South African Schools Act. Urgent intervention from the Education Departments is needed to ensure that the South African Schools Act is adhered to and that proper audits are conducted by suitably qualified accountants and auditors. The South African Institute for Chartered Accountants (SAICA) should also play a more positive role in this regard by ensuring that audit practices are enforced and quality annual financial statements are presented.

scholarly journals Using collaborative learning exercises to transfer pervasive skills: some South African evidence

2015 ◽  
Vol 8 (2) ◽  
pp. 456-473 ◽  
Author(s):  
Monique Keevy
Keyword(s):  
South Africa ◽  
Collaborative Learning ◽  
South African ◽  
Developing Country ◽  
Teaching Methods ◽  
The South ◽  
South African Institute ◽  
Alternative Teaching ◽  
Chartered Accountants

Globally, academics have adapted their teaching methods to more active methods, such as collaborative learning exercises. Research provides evidence of the value of collaborative learning exercises in the development of pervasive skills. The objective of this paper is to examine the use of collaborative learning exercises by academics in South Africa (SA) – a developing country – and to obtain their views on the effectiveness of this method in transferring pervasive skills to students. An electronically administered questionnaire was sent to accounting academics working at universities accredited by the South African Institute of Chartered Accountants. The findings of this paper reveal a gap between the use of collaborative learning exercises by SA academics compared to that globally. This gap can be attributed to a lack of awareness by SA academics of the competencies that can be developed using collaborative learning exercises, or the application of alternative teaching methods.

scholarly journals Accounting practitioners’ views on the proposed “Micro GAAP”: A South African perspective

2011 ◽  
Vol 4 (2) ◽  
pp. 257-274 ◽  
Author(s):  
Hentie A. Van Wyk ◽  
Cobus Rossouw
Keyword(s):  
South Africa ◽  
South African ◽  
Financial Reporting ◽  
Financial Statements ◽  
General Purpose ◽  
The South ◽  
Reporting Framework ◽  
Accounting Practitioners ◽  
African Perspective

Even though the IFRS for SMEs does provide some relief in respect of the financial reporting burden for non-public entities, there still seems to be a need for an even lower level of financial reporting. In recent years South Africa embarked upon the development of a financial reporting framework for non-public entities and various versions of this so-called micro GAAP have been issued. However, the Accounting Practices Board raised some concerns about the then proposed micro GAAP. This article highlights the South African accounting practitioners’ views from different professional bodies on micro GAAP. They generally believe that micro GAAP will represent fair presentation and that the financial statements prepared under micro GAAP can still be regarded as general purpose financial statements. Furthermore, the majority of accounting practitioners believe that there is a definite need for a third tier of financial reporting in South Africa and indicated their preference of which entities may apply micro GAAP. Legal backing of micro GAAP is also considered appropriate by the practitioners.

scholarly journals TRANSFORMATION OF GOVERNANCE IN STATE-OWNED COMPANIES: THE CASE OF SOUTH AFRICA AS A DEVELOPING COUNTRY

2021 ◽  
Vol 9 (7) ◽  
pp. 162-176
Author(s):  
Maphelo Malgas ◽  
Bonginkosi Wellington Zondi
Keyword(s):  
South Africa ◽  
South African ◽  
General Public ◽  
African State ◽  
South African Government ◽  
The South ◽  
African Government ◽  
Financial Reports ◽  
The People ◽  
The Will

The basis of this article is an article published by Thomas (2012) whose objective was to track over a two-year period the performance of five strategic South African state-owned enterprises with regards to issues of governance. These enterprises were ESKOM, South African Airways (SAA), South African Broadcasting Corporation (SABC), Telkom, and Transnet. The paper revealed that there were serious transgressions in these entities and recommendations were made to address these. The aim of this article therefore was to establish whether or not the transgressions reported by Thomas are still happening within these entities. The data was collected from the 2014/2015, 2015/2016, 2016/2017, and 2017/2018 financial reports of these entities. The study revealed that the transgressions are still taking place. With regards to issues of sustainability SAA and SABC continue to make loses, with SAA continuing to be bailed out by the South African government against the will of the South African general public. Fruitless and wasteful expenditure increased in all the five entities mentioned above and no serious action has been taken by the South African government to hold the people responsible accountable. While Telkom, Transnet and Eskom were making profits these profits are not at the envisaged level.

scholarly journals SAICA's academic traineeship programme: would guidelines facilitate focused skills development?

2015 ◽  
Vol 8 (2) ◽  
pp. 354-371
Author(s):  
Petra Warffemius ◽  
Lukas Kruger ◽  
Gretha Steenkamp
Keyword(s):  
South African ◽  
Training Programme ◽  
Competency Framework ◽  
Skills Development ◽  
Academic Environment ◽  
The South ◽  
South African Institute ◽  
Research Guidelines ◽  
Stakeholder Model ◽  
Chartered Accountants

The South African Institute of Chartered Accountants (SAICA) developed the Academic Traineeship Programme (ATP) to give trainee chartered accountants (CAs) the opportunity to complete one of their three training years in an academic environment. The structure and guidelines of the ATP should be reconsidered given changes in the overall CA (SA) Training Programme (e.g. increased focus on the development of the prescribed competencies, especially pervasive skills) and in the academic environment (e.g. increased emphasis on research). This article presents the findings of a study that surveyed current academic trainees and found that they spend most of their time on the presentation of tutorials, marking of assessments and student consultation. The surveyed academic trainees believe that stricter guidelines for how they spend their time would be beneficial; also, they would prefer to do more lecturing and research. Guidelines are proposed based on an inclusive stakeholder model and on SAICA’s Competency Framework, which shows increased focus on research and the setting of assessments.

scholarly journals Ethics and financial reporting

1994 ◽  
Vol 25 (2) ◽  
pp. 78-85
Author(s):  
B. Nossel ◽  
Colin Firer ◽  
J. Ford
Keyword(s):  
South Africa ◽  
South African ◽  
Random Sample ◽  
Financial Reporting ◽  
Financial Statements ◽  
Ethical Perspective ◽  
Unethical Practice ◽  
Industry And Commerce ◽  
Chartered Accountants ◽  
The Way

In order to establish the way in which Chartered Accountants in South Africa regard the ethics involved in the presentation and management of reported results, the opinions of a random sample of Chartered Accountants were surveyed. It was found that South African Chartered Accountants appear to be more conservative than their American counterparts and have a different ethical perspective towards financial reporting. In general, auditors were found to be slightly more ethical than Chartered Accountants in industry and commerce. Two thirds of the respondents also indicated that they had encountered a significant amount of unethical practice in the preparation of financial statements.

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