IFRS-16 on Leases – Directors be very careful

Posted on Leave a comment

  IFRS-16 on Leases – Directors be very careful The advent of IFRS-16 on leases makes some very significant changes to the accounting landscape that could have major impacts on businesses with a requirement to satisfy covenants or where there are capital adequacy or other regulatory requirements. Currently operating leases, such as rental arrangements for […]

Risk Management in SME’s and NFP’s

Posted on Leave a comment

  It is well understood that risk management forms a critical part of the overall governance framework in the larger businesses but in my view, it may be even more important in the small business enterprise (“SME”) and the not for profit (“NFP”) sector. Larger business has, as a function of size, more inbuilt capacity […]

A bottle of red…, a bottle of white…

Posted on Leave a comment

Billy Joel in his song Italian Restaurant sums up a piece of fraud prevention advice I regularly give to small business owners: A bottle of white, a bottle of red Perhaps a bottle of rose instead… Fraud prevention theory works on an understanding of the fraud triangle: 1. Opportunity – systems and procedures need to […]