This winter edition of Technically Speaking from Deloitte (South Africa) includes articles on the following topics:

• Business Rescue - Business rescue is a new concept which has been introduced by the Companies Act of 2008. It provides companies in financial distress with options to avoid having to liquidate when the company experiences financial distress.
• New Standards of Generally Recognised Accounting Practice - The Accounting Standards Board (ASB) has issued several standards of Generally Recognised Accounting Practice (GRAP) which become effective for periods beginning on or after 1 April 2013. This article provides an overview of these new standards.
• Offsetting: Amendments to IAS 32 Financial Instruments: Presentation - The International Accounting Standards Board (IASB) has issued amendments to IAS 32 Financial Instruments: Presentation relating to offsetting of financial assets and liabilities.  This article explores the implications of these amendments.
• Withdrawal of South Africa Statements of Generally Accepted Accounting Practice With effect from 1 December 2012, South African Statements of Generally Accepted Accounting Practice (SA GAAP) have been withdrawn. Entities currently reporting under SA GAAP will need to transition to another financial reporting framework.
• Whose Expense is it Anyway? - The introduction of the new Dividends Tax on 1 April 2012 has changed the way in which companies should account for taxes on dividends to shareholders.
• The Protection of Personal Information Bill - This article explores how management should start thinking about the impact of the Protection of Personal Information Bill.

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