The developing South African economy provides good business opportunities for global companies. Despite the popularity of mergers and acquisitions as a way to expand into a developing economy, many such business transaction fail to create sustainable organisations due to issues pertaining to...

The adoption of International Financial Reporting Standards by many countries is fundamental to global accounting harmonization. However the reporting requirements were often criticized as being too comprehensive and not necessarily applicable to all levels of businesses, especially smaller...

Even though various support initiatives for small and medium enterprises (SMEs) have been introduced in recent times, there are also many limiting characteristics of SMEs, such as a lack of 'formality' in terms of accounting procedures. The introduction of International Financial Reporting...