n Professional Accountant - Differential reporting - an overview and application of developments regarding financial reporting and auditing

Abstract

Reporting standards governing financial statements and auditing are undergoing dramatic changes. The proposed new Company Bill and the recently enacted Corporate Laws Amendment Act of 2006 recasts the framework used by professional accountants to prepare financial statements and reports on financial statements. Based on these legislative changes, SAIPA has made submissions to the regulators to ensure greater recognition for SAIPA members.