Wednesday 31 May 2023 was an important day for the South African auditing profession and its stakeholders.

A new approach to uncovering the sum of all the parts of a modern firm.

A well-thought-out financial plan is crucial for the success of a small business. It’s a road map, a guideline, and a reminder of what you want to accomplish in the short and long term.

Taking concepts for granted because they are so obvious and following accounting rules too slavishly can prevent businesses from dealing with the complex, uncertain world in which they exist.

Financial measures such as earnings per share (EPS) are central to many methods of valuing a business. Yet earnings can only tell us so much, particularly when it comes to how a company is allocating its capital.

The terms Bitcoin and blockchain are sometimes used interchangeably, but there’s actually some misunderstanding about the innovation.

Craig Penfold believes that while Bitcoin is restricted to a total of 21 million coins, demand for the cryptocurrency and its price are largely driven by technology, recent moves towards regulation and media events.

Cryptocurrencies such as bitcoin may have captured the public’s fancy – and also engendered a healthy dose of skepticism - but it is their underlying technology that is proving to be of practical benefit to organisations: the blockchain.

The expanding role of the CFO means greater leadership, participation in set ting and achieving corporate vision, and driving business change.

Once a mysterious subculture of the accounting fraternity, forensic auditing has become a familiar scene in the contemporary business world.