Forensics – Internal Controls

What are internal controls? Internal controls are ‘Systematic measures (such as reviews, checks and balances, methods and procedures) instituted by an organization to 1. Conduct its business in an orderly and efficient manner, 2. safeguard its assets and resources, 3....

Financial Literacy in the Workplace – when

When should financial literacy workshops be introduced in the workplace? Companies provide ample opportunities to equip their employees with technical, behavioural and leadership competencies, not only based on the needs of current positions, but also in preparation...

Why a Board Charter

Board charters have become a popular tool for boards to first discuss and then document the policies and guidelines that guide governance for their particular organisation. A board charter is defined as: A written policy document that clearly defines the respective...

Importance of cash flow for any business

If profit is the heart of your business, cash flow is the blood. Businesses (including profitable ones) fail because they cannot pay their bills. Who is planning or managing your cash flows?

Legal issues for a new business

Some of the legal environment issues that a new business has to be alive to include: - Licencing requirements - Health, workplace, or environmental regulations - Special regulations covering your industry or profession - Zoning or building code requirements -...

The real value of creating a business plan

The real value of creating a business plan is not in having the finished product in the hand; rather, the value lies in the process of researching and thinking about your business in a systematic way. The act of planning helps you to think through thoroughly, study...

ICT in Education

`The most transformative thing we can do to education in Africa today, is to put a computer in the hands of every teacher, and to ensure that they have access to the Internet. This is a much higher priority than putting computers in the hands of the students. Ideally...

Pay As You Earn

Lets talk about PAYE... Pay As You Earn (PAYE) is a method of paying Income Tax on remuneration. The employer deducts tax from salaries or pension earnings before paying the employee the net salary or pension. The Final Deduction System (FDS) ensures that the amount...

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