As part of this year's Top 100 Most Influential People survey, Accounting Today asked, "What is the most important issue currently facing the accounting profession?"
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The Southern African Institute of Government Auditors (SAIGA) says most of the South African political party councillor candidates who are standing for the up coming local government elections do not have the skills to deliver sound budgets. But the organisation believes it can help councillors with basic financial and accounting skills to at least be able deliver proper budgets and financial reports. According to a report released by the South African Local Government Association (SALGA), about 62% of local councillors had been unable to use basic computers to enable the passing of crucial municipal budgets. The report points out another issue that is plaguing the local government sphere which is poor financial management, with many municipalities being flagged by the Auditor-General. Additionally, SALGA found only seven municipalities were doing well, while 31% were dysfunctional, 30% were functional and 32% were in distress.