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Increasing transparency, improving control - Ernst & Young - South Africa

Increasing transparency, improving control

The world is demanding greater corporate transparency. Investors want access to more accurate and relevant information about companies, transactions, markets and risks. Regulators are moving to exert more control.

There’s much debate about how corporate governance should evolve. It’s a debate that’s being held against a background of legislative and regulatory change, the implementation of International Financial Reporting Standards and increased public scrutiny. We believe that global coordination is a necessity, not a luxury, in today’s interconnected and interdependent markets. Regulators and standard-setters need to continue to work together, to promote global consistency.

Ernst & Young has extensive financial reporting and corporate governance knowledge and experience, gained across all markets and geographies. We use this to support you in areas such as pensions, financial instruments, direct and indirect taxes, foreign currency, subsidiaries, joint ventures, provisions, disposals and impairment. Whatever your requirements, we assemble multi-disciplinary teams that can address your most complex issues, using our proven global methodology and deploying the latest, high-quality auditing tools and perspectives.

Final King III synopsis

The code of governance principles for South Africa 2009 - King III - was released by the Institute of Directors (IoD) in September 2009.

The Ernst & Young synopsis highlights some key requirements, major changes to the King II report and gives rationale for the requirements put in place. To download the synopsis, click here (pdf, 1.2mb) .

Excellence in Corporate Reporting 2009

The results of the latest Excellence in Corporate Reporting survey show that many companies are continuing to produce high quality annual reports and are meeting the challenge of providing information that can be used to predict future cash flows and assess the stewardship role of directors.

To see where the top 100 JSE listed companies and state-owned entities ranked, please click here; Excellence in Corporate Reporting 2009 

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Global IFRS Resources

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Please see our Global IFRS site for additional resources, including Ernst & Young's global IFRS newsletter, IFRS outlook and web based learning modules.

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