Executive Summary
Although the IFRS journey has been quite successful in South Africa and the overall financial reporting environment is quite strong, companies continue to struggle with some key disclosure related issues.
The JSE, in association with the South African Institute of Chartered Accountants set up the Financial Reporting Investigation Panel which
reviews financial statements of companies listed on the JSE for disclosure compliance.
This report summarises the work done by the FRIP over the past few years and highlights some key disclosure related issues they have noted over time.
Our firm specialises in IFRS advisory and the preparation of financial statements and would be happy to engage with you further.