The latest South African accounting, tax, payroll and business finance news, with practical insights for your business.
50 articles matching “Financial Controls” Clear search
Compliance
CIPC’s 23 October 2026 statement on the Nova matter highlights the importance of reliable financial statements, governance records and timely Companies Act compliance for South African businesses.
Read articleFinancial compliance
The SARB is inviting comment on a proposed Synthetic Financial Centre framework. Although it is not yet law, affected institutions should begin assessing the potential accounting, tax and control implications of managing qualifying offshore portfolios from South Africa.
Read articleTax and SARS
SARS has revised its Authorised Economic Operator accreditation policy, including transitional arrangements and an extended transactional period. Importers should review their customs records, authorisations and internal controls.
Read articleTax and SARS
SARS has updated its Automatic Exchange of Information reporting environment to support CRS Schema 3.0. Reporting financial institutions should review data, due-diligence and submission controls before their next filing.
Read articleTax & SARS
A recent High Court decision shows how SARS may seek to preserve and realise property linked to unpaid tax while legal proceedings continue. South African finance teams should treat tax-debt monitoring and asset records as core controls.
Read articleTax & SARS
SARS has updated the facility code list used in Box 30 of the Goods Declaration to include a new Durban container depot. Importers, customs agents and finance teams should check their master data, shipment records and reconciliation controls before using the new code.
Read articleAccounting & Reporting
South Africa’s audit regulator has highlighted audit quality, technology and sustainability assurance as priorities, giving finance teams useful signals for stronger reporting controls.
Read articleTax & SARS
A recent SARS investigation into alleged VAT refund fraud is a timely reminder for South African businesses to strengthen VAT records, approval controls and supporting-document checks.
Read articleAccounting & Reporting
The IASB has tentatively agreed to propose a measurement approach for certain financial liabilities arising from contingent settlement provisions. South African finance teams should treat this as a standards-development issue, not an enacted requirement, but may wish to identify affected contracts before further proposals emerge.
Read articleAccounting & Reporting
South Africa’s Companies Amendment Act changes remuneration reporting and annual financial statement obligations. Finance teams should confirm which disclosures and AGM processes apply to their company.
Read articleTax administration and compliance
SARS completed scheduled digital-platform maintenance on 6 and 7 November 2026. SMEs should use the notice as a prompt to review filing continuity, payment evidence and internal tax-system controls.
Read articleAccounting & Reporting
SAICA has proposed amendments to its Headline Earnings Circular to align with IFRS 18. Comments are due on 13 October 2026.
Read article
