RAF’s balance sheet delivers a brutal reality check
The return to the GRAP accounting standard has put R452.4bn of liabilities back on the books – more than nine times the RAF’s annual income of R48.1bn.
#financialreporting
Audit quality strained by weak judgement and rising tech risks, IRBA finds
Inspections highlight persistent gaps in professional scepticism and the growing challenges of integrating technology into audits.
A puzzle of debt: former RAF CFO questions rationale for accounting shift
The Road Accident Fund’s former chief financial officer says even he struggled to understand why the Fund changed its accounting standard.
