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Komatsu supplies mining, construction, earthmoving and utility equipment all industries especially hard hit by power cuts. In particular, mining and quarrying, and construction saw negative economic growth for 2022. I learnt a lot of the key skills I need in the auditing profession.
Komatsu Africa supplies mining, construction, earthmoving and utility equipment in Southern Africa. Before joining Komatsu, he was a Senior Manager at KPMG in South Africa and he was responsible for several large audit clients. Ehsaan, I’ve seen many of Komatsu’s excavators, bulldozers and dump trucks at mining and construction sites.
These include the Companies Act, the Tax Administration Act, the Financial Sector Regulation Act, and the International Financial Reporting Standards (IFRS), among others. These statements must be audited or independently reviewed, depending on the company’s public interest score.
To thrive in this evolving regulatory landscape, CFOs must expand their function’s operating models beyond financial statements and construct a more holistic view of their organisation’s sources of value — one that measures and monetises financial and nonfinancial capital. Clearly, CFOs and the finance function have a big role to play here.
Regular Updates and System Audits Technology changes fast and staying up-to-date is crucial for maintaining system security and efficiency. A retail business with an online store may regularly audit its IT system to ensure that financial transactions from online sales are being accurately captured and reflected in the financial statements.
Today’s podcast is sponsored by Draftworx, which provides automated drafting and working paper financial software to more than 8000 accounting and auditing firms and corporations. The product mainly goes into, as you mentioned earlier, automotive, construction and medical industries.
1 is, of course, the traditional route, which a lot of people follow and go through one of the accounting firms, and, typically, they go through audit related activities. Audit never interested me all that much, so it wasn’t a route I was particularly excited about. How do I audit this thing? I must be honest.
Here's a brief overview of the key challenges telcos need to manage: Building Out Infrastructure: Cost and Complexity: Constructing and maintaining telecom infrastructure, including fiber optics, towers, and 5G/6G networks, requires significant capital investment and expertise. Compliance with local and international standards (e.g.,
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