CMS Extends Comment Deadline for Auditor Rotation Proposals
The Council for Medical Schemes has issued Circular 1 of 2026, extending the deadline for stakeholders to submit comments on proposed auditor rotation and non-audit service restrictions.-
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Anti-Corruption Enforcement: Progress on Commission Recommendations and Public Sector Audits
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Companies Act Amendments and CIPC Beneficial Ownership Hard-Stop
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PIC Board Suspends CEO Patrick Dlamini Pending Whistleblower Investigation
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Constitutional Court Confirms Competition Commission Jurisdiction Over International Cartels
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SIU to Probe Free State Education Projects and Great Kokstad Municipality
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DoEL Publishes 26th Commission for Employment Equity Annual Report
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DSBD Connect: Over 400,000 Informal Businesses Registered as Regulatory Integration Progresses
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The Council for Medical Schemes has issued Circular 1 of 2026, extending the deadline for stakeholders to submit comments on proposed auditor rotation and non-audit service restrictions.IFRS Accounting Standards Effective 1 January 2026
The International Accounting Standards Board (IASB) has released the 2026 editions of the IFRS Accounting Standards, incorporating amendments to six standards and new illustrative examples for financial statement uncertainties.National Treasury: Updated GRAP 23 Accounting Guideline
The Office of the Accounting-General has released an updated Accounting Guideline for GRAP 23, clarifying the treatment of donated non-monetary assets.National Treasury: Updated GRAP 1 Accounting Guideline
The Office of the Accounting-General has released an updated Accounting Guideline for GRAP 1, providing new clarifications on the classification of investments based on substance over form.SAICA 2026 Training Regulations Published
The South African Institute of Chartered Accountants (SAICA) has released the 2026 Training Regulations and updated fee schedules for Registered Training Offices, effective from 1 January 2026.National Treasury Issues Updated GRAP Accounting and Disclosure Checklist for 2026/2027
The National Treasury has released the updated GRAP Accounting and Disclosure Checklist for the 2026/2027 financial year to assist public sector entities with compliance.IRBA Issues Reminder on Effective Auditing Pronouncements and QM Rules
The Independent Regulatory Board for Auditors (IRBA) has reminded registered auditors of the auditing pronouncements, quality management rules, and adopted standards that have recently become effective.IPSAS 51: New Standard for Tangible Natural Resources Held for Conservation
The International Public Sector Accounting Standards Board (IPSASB) has issued IPSAS 51, establishing a new framework for governments to account for tangible natural resources held for conservation purposes.ASB Issues Exposure Draft 215: Proposed Amendments to GRAP 109
The Accounting Standards Board (ASB) has released Exposure Draft (ED) 215, proposing specific amendments to the Standard of GRAP on Accounting by Principals and Agents (GRAP 109).IRBA Adopts Revised ISA 240 on Auditor Fraud Responsibilities
The Independent Regulatory Board for Auditors (IRBA) has adopted the revised International Standard on Auditing (ISA) 240, which significantly strengthens the responsibilities of auditors regarding fraud in financial statement audits.IRBA Issues Revised Illustrative Reports for Financial Sector Regulatory Returns
The Independent Regulatory Board for Auditors (IRBA) has released revised illustrative auditor’s reports for statutory returns applicable to banks, insurers, and medical schemes, clarifying the application of the Enhanced Auditor Reporting Rule.IFAC Releases 2026 Handbook of International Education Standards
The International Federation of Accountants (IFAC) has released the 2026 Handbook of International Education Standards, incorporating revised standards effective 1 July 2026.SAICA issues updated guidance on Sectional Title auditor opinions
The South African Institute of Chartered Accountants (SAICA) has released updated guidance regarding auditor opinions required under the Sectional Titles Schemes Management Regulations.SAICA Issues Updated Medical Schemes Accounting Guide 2025
The South African Institute of Chartered Accountants (SAICA) has released an updated version of the Medical Schemes Accounting Guide for 2025, providing revised guidance on IFRS compliance and Council for Medical Schemes (CMS) reporting requirements.IAASB Issues Narrow-Scope Amendments on Using the Work of Experts
The IAASB has released narrow-scope amendments to its standards to align with new IESBA ethical requirements for using the work of external experts.IFRS Foundation Releases Educational Resources for Third Edition of IFRS for SMEs
The IFRS Foundation has released a suite of educational resources, including 11 modules and 5 webcasts, to support the implementation of the third edition of the IFRS for SMEs Accounting Standard.National Treasury Issues GRAP Bulletin on Public Entity Surpluses
National Treasury has issued a GRAP Reporting Bulletin providing guidance on the recognition, measurement, and disclosure of surplus funds under the PFMA and National Treasury Instruction No. 03 of 2025/26.IASB Proposes New Risk Mitigation Accounting Model for Interest Rate Risk
The International Accounting Standards Board (IASB) has released an Exposure Draft proposing a new accounting model to align interest rate risk management with financial reporting.IRBA: Compliance Requirements for Auditing Listed Entities
The Independent Regulatory Board for Auditors (IRBA) has issued a reminder regarding the regulatory obligations and quality management requirements for firms auditing listed entities under the JSE Listings Requirements.IASB Issues Updated Guidance on Reporting Uncertainties in Financial Statements
The International Accounting Standards Board (IASB) has issued updated illustrative examples to assist companies in applying IFRS Accounting Standards when reporting the effects of uncertainties, including climate-related risks.IFRS Foundation Releases Educational Module for Section 23 of IFRS for SMEs
The IFRS Foundation has issued a new educational module to assist entities in applying Section 23 (Revenue from Contracts with Customers) of the third edition of the IFRS for SMEs Accounting Standard.Professional Skepticism: AFC Guidance for External Auditors
The Anti-Fraud Collaboration has released new guidance for external auditors on exercising and maintaining professional skepticism in accordance with international auditing standards.National Treasury Issues New GRAP Regulations under PFMA
The Minister of Finance has issued new Regulations on Accounting Standards under the Public Finance Management Act, No. 1 of 1999, prescribing revised Standards of GRAP effective from 1 April 2027.National Treasury Issues Guidance on GRAP 14 Post-Reporting Date Events
National Treasury has updated its GRAP Knowledge Hub with new guidance on the classification of adjusting and non-adjusting events under GRAP 14.IPSASB Aligns Definition of Material in Public Sector Standards
The International Public Sector Accounting Standards Board (IPSASB) has issued amendments to IPSAS 1, IPSAS 3, and its Conceptual Framework to align the definition of materiality.The views expressed herein are those of the author and do not necessarily reflect those of Acts Online. Acts Online accepts no responsibility for the accuracy, completeness or fairness of the article, nor does the information contained herein constitute advice, legal or otherwise.