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As retirement funds are an important component of the institutional investor industry and should hold investee companies accountable for good corporate governance, in addition to having fiduciary duties to their beneficiaries, the King IV Report on Corporate Governance for South Africa , has deemed it essential to produce a supplement that specifically focuses on the retirement funds industry....

This paper is an overview setting out audit quality indicators (AQIs) which have been developed by nine different organisations worldwide, including regulators, oversight bodies, professional bodies, and audit firms. It also provides insight into key differences between these AQIs; namely, if they are rules or principles-based, qualitative or quantitative, and whether reporting on these AQIs is...

Nkonki is of the view that it is imperative for South African Audit Committee members to be familiar with the latest initiatives and trends affecting the profession. As a result, this Alert focuses on the most recent updates with regard to Audit Quality Indicators (AQIs). Even with more and more emphasis being placed on measuring audit quality by regulators, oversight bodies, professional bodies...

As a practical expedient, an entity is not required to reassess whether a contract is, or contains, a lease at the date of initial application. The only determination that needs to be made is whether such a lease was previously classified as operating. The lessee shall either apply IFRS 16 with full retrospective effect (applying IAS 8 “Accounting Policies, Changes in Accounting Estimates and...

Nkonki hosted a roundtable discussion on Tuesday 5 April 2016 with Darrel Scott, Board Member of the IFRS Foundation. Aimed specifically at CFOs, the session was designed to unpack IFRS 16 and its implications. It also gave local CFOs the opportunity to raise questions and concerns with Scott, who was in Johannesburg for the occasion. Scott, who was introduced to attendees by Nkonki Partner...

Following Finance Minister Pravin Gordhan's budget address, Nkonki proudly provides you with an easy reference, pocket-sized overview of the South African Tax System, incorporating the announcements made yesterday. The guide is designed to inform and assist you in light of the number of tax changes proposed in the budget, including 2014/2015 Budget Review, Capital Gains Tax, Company Tax, Skills...

This is the fifth year that Nkonki is recognising the top companies listed on the Johannesburg Stock Exchange (JSE) for their integrated reports. The annual award started in 2011 and initially covered only the Top 40 companies by market capitalisation. In 2012 to 2014, the scope was extended to cover the Top 100 companies due to the prevalence of integrated reporting in South Africa. Nkonki is...

The Listings Requirements of the JSE Limited (“the Listing Requirements”) apply to all companies listed on the main board or the alternative exchange. The purpose of this document is to provide a high level overview of the amended Listing Requirements as at September 2015, with a specific focus on continuing obligations, and should therefore not be seen as a comprehensive record of all the...

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