The latest South African accounting, tax, payroll and business finance news, with practical insights for your business.
7 articles matching “IFRS 7” Clear search
Accounting & Reporting
The IASB has moved a proposed consolidation exception for certain IFRS for SMEs entities closer to finalisation. South African groups should review whether the proposal could affect their 2027 reporting plans, but it is not yet an enacted requirement.
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The IASB has extended the comment period for proposed IFRS 9 and IFRS 7 amendments. South African finance teams using hedge accounting should review the proposals before the revised 30 November 2026 deadline.
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SAICA has proposed amendments to its Headline Earnings Circular to align with IFRS 18. Comments are due on 13 October 2026.
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The IASB has decided to proceed with a targeted amendment that could give eligible SMEs with an investment entity parent relief from consolidating certain subsidiaries. South African finance teams should monitor the final amendment, eligibility criteria and local implementation implications.
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CMS Circulars 27 and 28 introduce future auditor-rotation requirements for public-interest medical schemes and encourage joint or shared audits. Finance teams should begin mapping tenure, independence and transition requirements well before 2028.
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The IASB is considering proposed changes to how acquisition-related payments are classified in statements of cash flows. The decisions are not yet final, but South African finance teams can start assessing whether current transaction records will support clearer reporting if the proposals proceed.
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SARS has published requirements for companies seeking to qualify as a REIT, including asset, rental income, leverage, distribution and governance tests. Property groups should assess their financial reporting and tax controls before the rules apply to a new year of assessment.
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