As part of the independent audit of the financial statements of a company, the audit team needs to confirm that the company complied with the legal requirements that relate to the company secretarial records.  Secretarial records are minutes and...

Companies may choose to appoint an audit committee as part of a good corporate governance strategy, or they may be required to do so in terms of legislation or other requirements.

“All gave some but some gave all…”

There has been a significant change from previous wording, with the old section 11(j) being repealed and replaced by an entirely new section. While the rate of allowance was not defined in Section 11(j), based on SARS practice, 25% of the provision...