CLIENT BRIEFING
November 2012

CHANGES TO BEE LEGISLATION

As you may be aware, the BEE Codes of Good Practice have for many months been subject to revision by Government.  This long awaited process has finally reached the stage where we are now in possession of the first draft.  These Revised Codes, which are subject to a 60-days commentary period from the public and interested parties, were gazetted on 5th October 2012.

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THE AUDIT EXPECTATION GAP

A recent article written by Peter Meredith and published in the Cape Times.

Much has been written recently about whether retail investors are financially literate in that they do not grasp elementary financial concepts, or they lack critical knowledge of ways to avoid investment fraud.  Critics of fair value accounting have indicated that it contributed to the global financial crisis, sometimes by influencing director behaviours, or by confusing the users.

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IS YOUR WILL ADEQUATE?

Having a proper Will in place is essential if you want your estate assets distributed in accordance with your wishes.

It's also important to realise that you have a choice about the type of Will you can have.  The standard Wills that many people have are, in far too many cases, simply not good enough.

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