When was ifrs implemented in south africa

According to generally accepted accounting practice, the objective of financial statements is to provide useful information to the primary user groups of such statements, regardless of the size of the entity. Consequently, an accounting standard is required to differentiate between general and limited purpose financial statements.

According to a survey among preparers of financial statements in June , these developments may not be adequate for the purposes of smaller entities, irrespective of their legal form.

Accordingly, the study recommends that a formal, separate set of simplified differential reporting standards be developed for smaller entities. Emerald Group Publishing Limited. Answers to the most commonly asked questions here.

To read the full version of this content please select one of the options below:. Other access options You may be able to access this content by logging in via your Emerald profile. Rent this content from DeepDyve. Rent from DeepDyve. South African study into how integrated reporting fosters integrated thinking and better decision-making 07 Apr The South African Institute of Chartered Accountants SAICA has published the results of a survey that show that among organisations that produce high-quality integrated reports there is a strong awareness of the concept of integrated thinking and how it benefits the organisation.

AOSSG survey finds comparability of Islamic financial institutions' financial statements needs to be improved 11 Mar The Asian-Oceanian Standard-Setters Group AOSSG has released the results of a survey into the financial reporting standards that Islamic financial institutions IFIs are legally required to comply with in their jurisdiction and the extent of compliance.

GRI launches new 'Focal Point' in South Africa 10 Jan The Global Reporting Initiative GRI has opened a new 'Focal Point' in South Africa, which is designed to act as a regional hub with the main aim of facilitating and promoting the active engagement of African organisations in the development of sustainability reporting regionally and globally. All Related. Start early. Start small. Keep it simple. Technically Speaking — April 18 Apr Technically Speaking — November 17 Dec Andrew is responsible for Deloitte Afric Kerry-Anne Chartered Accountant has over 8 years of audit and advisory experience in financial services, specialising in insurance.

She has worked closely with the regulator in designing the SAM reg Please enable JavaScript. Viewing offline content Limited functionality available. My Deloitte. Undo My Deloitte. Save for later.