March 3, 2022
bitcoin aml

AML: how money launderers use virtual assets

In the seventh instalment of Anti-Money Laundering: The Basics, IFAC and ICAEW look at the risks associated with virtual assets. Cryptocurrencies and other virtual assets offer a lot of opportunities for legitimate businesses, but it’s also potentially useful for money launderers.
January 4, 2022

‘Ethical leadership is vital as technology advances’ says accountancy bodies and IESBA

ICAS, CPA Canada, IESBA and IFAC release second publication in series exploring ethics in an era of complexity and digital change: 'Technology is a double-edged sword with both opportunities and challenges for the accountancy profession' As technology advances and the world becomes more complex, the professional accountant’s skills and competencies, underpinned by ethics and recognising their public interest responsibility, are critical in navigating new challenges and opportunities and ensuring trust in the profession.
November 16, 2021
CPA Canada ICAS and IFAC joint paper on complexity

CPA Canada, ICAS and IFAC joint paper on complexity

Complex and complicated are not the same. In December 2019 the International Ethics Standards Board for Accountants (IESBA) Technology Working Group (TWG) issued its Phase 1 Final Report.
November 16, 2021
The ICAS Code of Ethics

The ICAS Code of Ethics, The Power of One, and sustainability: A CA’s ethical responsibilities

Ann Buttery, Head of Ethics, ICAS Policy Leadership, explains why every CA has their part to play in their own sphere of work around ethics and sustainability. This month, ICAS celebrates the sixth anniversary since the launch of its business ethics initiative, The Power of One. In November 2015, ICAS called on all CAs to place ethical leadership at the heart of their professional responsibilities, to shape the culture and values of their organisations, to help re-establish ethics at the core of business practices and to rebuild public trust in business.
April 19, 2021
audit profession

Auditing Profession in Peril

If the audit profession in South Africa is serious about restoring trust it will need to reassert the primacy of professional scepticism and independence. There needs to be a balance between radical thinking and practical solutions. Greater clarity and transparency in the profession will ultimately result in a regime that allows auditors to better assess, assure and inform. Only then can real change come about.
October 26, 2020
Ethics are Key to Survival and Growth

Ethics are Key to Survival and Growth

As the recession bites and business leaders get their bearings, it’s tempting to put values aside and seek short cuts to recovery. Writer and governance specialist Anthony Smith-Meyer recommends that ethics remain a driving force, not just for the good of society but also for economic survival and long-term growth.
February 17, 2020

6 Key Business Issues for 2020

Chartered accountants will play a key role in both rebuilding business trust and redefining success in a new Gen Z-led decade. Bruce Cartwright CA, Chief Executive Officer of ICAS, reveals the key issues for all CAs to keep in mind, from cyber security to shouting louder…
September 5, 2019

Combating white-collar crime?

White-collar crimes are increasingly sophisticated and transnational. The nature and scale of recent cases have been mind-boggling. In April 2018, forensic accountants from RSM Corporate Advisory highlighted issues involving possible roundtripping transactions, fabrication and alteration of transaction documents, as well as possible fraudulent and erroneous claims under the Productivity and Innovation Credit (PIC) tax scheme, with the involvement of senior company officers at a local listed company, Trek 2000 International.