The COVID-19 pandemic struck the global community in December 2019 in China and by the beginning of 2020, it had spread to many other countries. The pandemic affected people’s lives and most business sectors. Its impact on business... more
The COVID-19 pandemic struck the global community in December 2019 in China and by the beginning of 2020, it had spread to many other countries. The pandemic affected people’s lives and most business sectors. Its impact on business organizations warranted disclosure in the integrated reports for information to investors and other stakeholders. In the absence of a known pandemic disclosure framework, some researchers developed a COVID-19 pandemic reporting framework based on the pre-existing integrated reporting framework, literature from medical, scientific and pharmaceutical field journals, newspapers, and specialized websites as well as interviews of various professional investors in 2020 to guide firms in disclosing COVID-19 issues. This framework has not yet been contrasted by researchers to date. With challenges known to exist in trying to determine the extent of the pandemic disclosure, the objective of this study is to develop a conceptual reference disclosure index for futur...
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COVID-19 has left an unmistakable impression on the world stage. It has altered the global socio-economic landscape, forcing individuals to adapt and embrace new ways of doing business, as well as new ways of life. One of the most... more
COVID-19 has left an unmistakable impression on the world stage. It has altered the global socio-economic landscape, forcing individuals to adapt and embrace new ways of doing business, as well as new ways of life. One of the most significant effects of the pandemic was to hasten the adoption of digital technologies by many areas of the global economy. Campus closures were observed in the higher education sector, putting an end to long-standing face-to-face teaching and learning. This necessitated the most rapid paradigm shift ever seen in this industry to continue educating and learning. An abrupt change to online learning, which is primarily reliant on digital technologies, occurred. As a result, the purpose of this article is to investigate and identify ten critical digital transformation lessons from COVID-19 for South African higher education institutions. Secondary data gathered from the literature research were used to meet the study’s goal. The study concluded by laying out ...
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The globe is facing challenges such as wars, poverty, injustice, environmental degradation, inequality, and climate change. These challenges have unsettled man in his habitation on the globe thereby prompting the United Nations to engage... more
The globe is facing challenges such as wars, poverty, injustice, environmental degradation, inequality, and climate change. These challenges have unsettled man in his habitation on the globe thereby prompting the United Nations to engage all nations to unite in addressing these global challenges. The interaction of the United Nations with the global community led to the understanding that eradicating poverty must be coupled with strategies that promote economic growth whilst addressing a myriad of social needs as well as climate change and environmental issues. Amongst the strategies to tackle the global challenges indicated above are sustainable accounting and the green economy. As members of the global community, South African listed companies also have a role to play in combating sustainability challenges. This paper contributes to the literature on sustainability, particularly on the adoption of the green economy and sustainable accounting by listed companies in the South Africa...
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This chapter explores the role of forensic accounting in uncovering evidence for use in courts to litigate and arbitrate on financially related crimes. The chapter differentiates the operation of forensic accountants from external... more
This chapter explores the role of forensic accounting in uncovering evidence for use in courts to litigate and arbitrate on financially related crimes. The chapter differentiates the operation of forensic accountants from external auditors and other accountants. It also provides examples of financial crimes and describes the role of forensic accounting in assisting courts deal with these crimes. Furthermore, the chapter outlines differences between forensic accounting and audit reports as well as discussing the admissibility of forensic accounting evidence in courts. Issues around forensic accounting are articulated. Recommendations include the convergence of all important stakeholders to agree on the appropriate curriculum for forensic accountants as well as guidelines and standards to shape the profession and prevent entry by incompetent and unqualified people. Future research should focus on the current inconsistencies on the profession's education mode of delivery, content, ...
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This research aims to explore the extent of COVID-19 reporting by the banking sector in a developing economy after the 2020 experience in the absence of known pandemic standards. The subject of this research is the 2021 top six banks from... more
This research aims to explore the extent of COVID-19 reporting by the banking sector in a developing economy after the 2020 experience in the absence of known pandemic standards. The subject of this research is the 2021 top six banks from South Africa, a country classified as a developing economy. An unobtrusive research method was employed. Data were collected from the banks’ integrated reports for 2020/2021 depending on the banks’ financial year period. Document analysis was done and a technique of counting and recording the number of mentions for each COVID-19 content or capital category was employed. Findings indicated that Standard Bank, which was ranked top of the six, took the lead in the extent of COVID-19 reporting based on a recently suggested reporting framework that has not yet been contrasted by the rest of the researchers. A correlation analysis showed a significant positive relationship between the bank size and the extent of COVID-19 disclosure by the sampled banks. ...
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This study endeavoured to identify engagement risk factors which should be assessed by Zimbabwean audit firms before either accepting clients or rejecting them. The objective was achieved through relevant literature followed by interviews... more
This study endeavoured to identify engagement risk factors which should be assessed by Zimbabwean audit firms before either accepting clients or rejecting them. The objective was achieved through relevant literature followed by interviews conducted with managing audit partners and chief risk officers from a sample of Zimbabwean Audit Firms. The interview participants had to identify potential engagement risk factors and confirm factors relevant to the Zimbabwean Audit Firms identified from the reviewed literature. Engagement risk factors were collated and listed from the reviewed literature to guide the interviews. The interviewed participants had to indicate, based on their daily operations and experiences whether they either agreed or not agreed with the factors. Certain participants consented to have their responses audio recorded which was transcribed, while detailed field notes were taken from those respondents who did not grant consent. A thematic analysis was conducted to ana...
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The study sought to establish the drivers of financial inclusion in Southern Africa with a specific focus on South Africa. Financial inclusion has been a topic of global interest due to the negative impact of financial exclusion in... more
The study sought to establish the drivers of financial inclusion in Southern Africa with a specific focus on South Africa. Financial inclusion has been a topic of global interest due to the negative impact of financial exclusion in addressing socio-economic issues like poverty. Using the logit model, the study discovered that financial inclusion is driven by age, education level, the total salary proxy of income, race, gender, and marital status. The variable gender was the only factor with a negative influence on financial inclusion all other significant variables had a positive influence on financial inclusion. As a result, governments in Africa should encourage the use of financial services and products among women, Black Africans, Coloureds and the youths. Products and services tailor-made to satisfy the needs of these groups should be designed to improve financial inclusion among them. This initiative will go a long way in addressing poverty, inequality, and unemployment in the...
Zimbabwe has experienced an economic meltdown dating back to 2000, which created perennial economic woes such as a liquidity crisis that continued haunting the country to date. Various possible solutions were explored but did not yield... more
Zimbabwe has experienced an economic meltdown dating back to 2000, which created perennial economic woes such as a liquidity crisis that continued haunting the country to date. Various possible solutions were explored but did not yield the desired results. Amongst the explored solutions was an introduction of surrogate currency specifically to curb the liquidity crisis. This paper sought to explore the effects of using "surrogate currency" to address the liquidity crisis in Zimbabwe by employing a desk review. Currently, there is a dearth of literature on using surrogate currency in African countries. Hence this study contributes to the existing literature on the use of such currency. The review established that the surrogate currency led to the emergence of bad money as propounded by Gresham’s law of currency systems. Moreover, the surrogate currency rapidly lost its value, whereas the introduction of the surrogate currency failed to address the liquidity crisis, leading ...