Following the SAICA Retirement Fund Meeting held on 3 September 2013, consensus was reached with the Financial Services Board (FSB) that the revised retirement fund annual financial statements will be effective for year-ends from 31 January 2013.

This issue of KPMG’s IFRS banking newsletter provides updates on IFRS development that directly impact banks and considers the potential accounting implications of regulatory requirements.

While no new major International Financial Reporting Standards (IFRS®) have been issued so far in 2025, it is important...

The International Accounting Standards 38 (IAS 38) defines an intangible asset as: "an identifiable non-monetary asset without physical substance." The International Financial Reporting Standards

Proposed amendments to financial and disclosure requirements in the extractive industries sector will see a significant overhaul of existing standards and greater obligations on entities to declare information on a number of activities that currently may go unreported.

The Companies Amendment Bill published in South Africa in July 2005, came as a surprise to those patiently waiting for the much-anticipated overhaul of the Companies Act.

In May 2011, the International Accounting Standards Board issued "IFRS 10 Consolidated Financial Statements" which provides guidance on when investments should be consolidated.

This checklist assists in preparing interim financial reports in accordance with IAS 34 Interim Financial Reporting.

A question that a lot of accountants, tech founders, and firms have been wrestling with.

We saw a significant policy shift in 2018 when the unfettered discretion of SARS to grant a doubtful debts allowance was eliminated, a process that involved a year-long interaction between SARS...

The recently released accounting standard, IFRS 9 (2013) – General hedge accounting could offer some welcome relief to corporate South Africa.

On Friday, 1 November 2024, the Office of the Auditor-General of South Africa ("AGSA") presented its annual report for the 2023-24 financial year to the Standing Committee on the Auditor General.

As global expectations for corporate sustainability disclosure tighten, Africa stands at a pivotal crossroads. The release of the International Sustainability Standards Board (ISSB)'s IFRS S1...

The South African Revenue Service (SARS) has been given significant powers to perform tax audits on returns submitted by taxpayers.

Pioneering an influential new silver and gold development programme to help empower and advance women in leadership roles globally...

On 20 December 2024 the President assented to the Global Minimum Tax Act (the Act) which applies from 1 January 2024, and enables South Africa to impose a top-up tax...

Following a round of public comments in relation to the Draft Notice, on 28 October 2016, SARS released a final version of the notice, setting out the documents required to be kept specifically for transfer pricing purposes.

In the last two decades, accounting technology has seen remarkable growth, moving from manual ledger books to powerful cloud-based software...

In a landmark judgment, the Supreme Court of Appeal (“SCA”) in the case of Ibex RSA Holdco Ltd and Another v Tiso Blackstar Group (Pty) Ltd and Others 2025 (2) SA 408 (SCA) (“Ibex”)...

Given the wide discretion afforded to SARS in this respect, SARS' Practice Note No. 36 issued on 13 January 1995 (Practice Note 36) provides some guidance on the subject.