The changing tax compliance environment and role of efficient audit strategies
The environemnt in which tax administration works is undergoing fundamental changes. This change covers not only what they do and the technologies they use, but also the dramatic increase in data sources and analytical capabilities, as well as the growth in third party providers. These changes are allowing tax administrations to rethink how they can […]
Auditing, Assurance & Reporting
External auditing (hereafter referred to as auditing) has evolved from a routing checking of the books of accounts to a vital part of the governance processes of companies. Factors such as the volume of transactions, information technology, globalization and the constant increase in the complexity and number of laws, regulations and standards governing entities and […]
Financial Services | Financial Intelligence Centre
All sectors affected by FIC: What industries are affected by FICA? FICA has called these industries as accountable institutions. Non-compliance with the Financial Intelligence Centre (FIC) Act has led to a rise in administrative sanctions across several sectors, with penalties reaching up to R7.8 million in 2024. Over the past year, the FIC and other […]
Risk Compliance and Governance Law
Responsibilities in terms of FICA: What are the responsibilities of Accountable Institutions in terms of the Financial Intelligence Act? Accountable Institutions have the responsibility to: In addition, to keeping records: Who must register with FIC? Who does the Financial Intelligence Centre Act apply to? Non-compliance with the FICA regulatory framework could be very costly for […]
What are the FIC Act Sanctions?
Non-compliance with the Financial Intelligence Centre (FIC) Act has led to a rise in administrative sanctions across several sectors, with penalties reaching up to R7.8 million in 2024. Over the past year, the FIC and other supervisory bodies – such as the Financial Sector Conduct Authority (FSCA) – have significantly ramped up enforcement action against […]
Responsibilities in terms of FICA: What are the responsibilities of Accountable Institutions in terms of the Financial Intelligence Act?
Accountable Institutions have the responsibility to: In addition, to keeping records: Who must register with FIC? Who does the Financial Intelligence Centre Act apply to? Non-compliance with the FICA regulatory framework could be very costly for businesses, including law firms. Let our senior experts, former regulatory compliance officers, attorneys, accountants, auditors, tax experts, financial management […]
What are the consequences of non-compliance with the Financial Intelligence Act (FIC Act)?
Financial Intelligence Act 38 of 2001 intends: to establish a Financial Intelligence Centre and a Money Laundering Advisory Council in order to combat money laundering activities; to impose certain duties on institutions and other persons who might be used for money laundering purposes and the financing of terrorist activities and related activities. The FIC Act […]
Warehousing Logistics Product Demand Optimization Strategies
Warehousing | Logistics | Product Demand Optimization Our Warehousing | Logistics | Product Demand Optimization Consultants develop tailored solutions that seamlessly align with your business objectives, leveraging cutting-edge technology to respond to the market, unlock growth and manage risk. Our cross-disciplinary team is equipped with deep expertise in the following activities: Get in touch for […]
Information & Technology | Information Governance, Privacy & Security
Companies face growing risks in addressing information governance and privacy – two key concerns that are converging in today’s digital era. A sound information governance and privacy strategy reduce regulatory compliance risk, increases operational efficiency and establish competitive advantage. MCTG Consulting Information governance and privacy services teams consists of multidisciplinary professionals who support organizations in […]
Accounting Advisory Services
Benefits of an accounting adviser Amid tightened budgets, constrained resources, evolving requirements, and a scarcity of talent, in-house accounting and reporting functions are being asked to be more strategic and add value. Here are eight possible benefits of an accounting adviser: Empower your accounting by considering a cosourcing model with our senior experienced consultants. Our […]
