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Navigating South Africa’s Reporting Maze: What Every CFO Needs to Know

CFO Talks

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.

CFO 83
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A Fresh Look at Ongoing ESG and Carbon Accounting Developments

Bramasol

From a global perspective, the International Sustainability Standards Board (ISSB), which was established by the IFRS in November 2021 at COP26 in Glasgow, has issued its first two standards. IFRS S1 requires companies to communicate the sustainability risks and opportunities they face over the short, medium, and long term.

IFRS 83
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Leading with Purpose: Dr. Lawrence Nsibandze on Managing Public Service Pensions and Strategic Finance

CFO Talks

While based in Bologna, we’ll visit car manufacturers like Ferrari, Lamborghini, and Ducati as part of a mini-MBA program. Past tours have led to real business deals, such as when one of our members signed a distribution agreement with a Mexican car parts manufacturer. You’ve mentioned your strong auditing background.

Finance 97
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Building Robust IT Systems for Financial Reporting

CFO Talks

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.

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204: Ehsaan Moosa

CFO Talks

Before joining Komatsu, he was a Senior Manager at KPMG in South Africa and he was responsible for several large audit clients. It’s an international brand, one of the top manufacturers and suppliers of this equipment, who are your typical clients? It’s quite a big business and operates from a R1.3

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Delivering value beyond compliance with ESG reporting

Future CFO

Hence, it is crucial to adopt established standards and frameworks such as the International Financial Reporting Standards (IFRS) Sustainability Disclosure Standards issued by the International Sustainability Standards Board (ISSB), the Greenhouse Gas Protocol and ISO 14064.

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Are You Ready for "Carbon Accounting"  Compliance?

Bramasol

While these reports represented an important element for communicating a company's corporate-citizenship vision and were also positive public relations initiatives, for the most part they did not contain a lot of hard, auditable data. In the area of climate change, this is often referred to as "carbon accounting".