STAKEHOLDERS, INTERESTS

AND ENGAGEMENT CHANNELS

STAKEHOLDERS, INTERESTS AND ENGAGEMENT CHANNELS

LEGEND:

Worsening

Improving

Stable

Expectations met

Improvements required

Expectations not met

The tables below demonstrate our commitment, engagement and quality of our relationships with key stakeholders through the value we have delivered

LEGEND:

Worsening

Improving

Stable

Expectations met

Improvements required

Expectations not met

ALLIANCE PARTNERS

(Stakeholder Group A)

THEIR MATERIAL INTERESTS

  • Compliance with international professional and related standards
  • Recognition agreements with professional accountancy organisations
  • A unified African profession and participation in the Pan African Federation of Accountants
  • Developing an international brand
  • South African inputs on key professional and technical issues

HOW WE ADDRESSED THESE INTERESTS IN 2022

  • Chartered labelling and status discussion
  • CIGFARO (Chartered Institute of Government Finance, Audit and Risk Officers) annual conference welcoming dinner hosted by the eThekwini mayor and CIGFARO president
  • Establishment of working relationship between SAICA and the Financial Reporting Standards Council (FRSC)
  • Wyman symposium on UK regulation of tax profession

RISKS and
OPPORTUNITIES

  • Developing a strong international brand
  • Promoting the value of the accountancy profession

STRATEGIC
RESPONSE

  • Power/influence over SAICA’s ability to meet its strategic objectives is high

KEY METRICS/OBJECTIVES TRACKED TO MONITOR VALUE DELIVERED

  • Alliance partners engagement score = 84% (FY21: 68%)
  • VALUE DELIVERED

STRATEGIC INITIATIVES AFFECTED

MATERIAL MATTERS AFFECTED

ALLIANCE PARTNERS

(Stakeholder Group A)

THEIR MATERIAL INTERESTS

  • Compliance with international professional and related standards
  • Recognition agreements with professional accountancy organisations
  • A unified African profession and participation in the Pan African Federation of Accountants
  • Developing an international brand
  • South African inputs on key professional and technical issues

HOW WE ADDRESSED THESE INTERESTS IN 2022

  • Chartered labelling and status discussion
  • CIGFARO (Chartered Institute of Government Finance, Audit and Risk Officers) annual conference welcoming dinner hosted by the eThekwini mayor and CIGFARO president
  • Establishment of working relationship between SAICA and the Financial Reporting Standards Council (FRSC)
  • Wyman symposium on UK regulation of tax profession

RISKS and
OPPORTUNITIES

  • Developing a strong international brand
  • Promoting the value of the accountancy profession

STRATEGIC
RESPONSE

  • Power/influence over SAICA’s ability to meet its strategic objectives is high

KEY METRICS/OBJECTIVES TRACKED TO MONITOR VALUE DELIVERED

  • Alliance partners engagement score = 84% (FY21: 68%)
  • VALUE DELIVERED

STRATEGIC INITIATIVES AFFECTED

MATERIAL MATTERS AFFECTED

TRAINING OFFICES

(Stakeholder Group A)

THEIR MATERIAL INTERESTS

  • Suitable supply and retention of trainees
  • Reputation of SAICA designations
  • Relevant training administration systems
  • Effective application of SAICA accreditation
  • Training implementation support

HOW WE ADDRESSED THESE INTERESTS IN 2022

  • Implementation of an electronic assessment tool to assist training offices to perform student assessments
  • Ongoing promotion of CA2025

RISKS and
OPPORTUNITIES

  • Loss of confidence in member’s professional competencies
  • Identifying the skills required to meet future needs
  • Providing development opportunities to members

STRATEGIC
RESPONSE

  • Review of SAICA’s competency framework and implementation of the CA2025 outcomes
  • Continuous development and delivery of effective member education, particularly non-technical training courses

KEY METRICS/OBJECTIVES TRACKED TO MONITOR VALUE DELIVERED

  • Training offices engagement score = 54% (FY21: 79%)
  • VALUE DELIVERED

STRATEGIC INITIATIVES AFFECTED

MATERIAL MATTERS AFFECTED

TRAINING OFFICES

(Stakeholder Group A)

THEIR MATERIAL INTERESTS

  • Suitable supply and retention of trainees
  • Reputation of SAICA designations
  • Relevant training administration systems
  • Effective application of SAICA accreditation
  • Training implementation support

HOW WE ADDRESSED THESE INTERESTS IN 2022

  • Implementation of an electronic assessment tool to assist training offices to perform student assessments
  • Ongoing promotion of CA2025

RISKS and
OPPORTUNITIES

  • Loss of confidence in member’s professional competencies
  • Identifying the skills required to meet future needs
  • Providing development opportunities to members

STRATEGIC
RESPONSE

  • Review of SAICA’s competency framework and implementation of the CA2025 outcomes
  • Continuous development and delivery of effective member education, particularly non-technical training courses

KEY METRICS/OBJECTIVES TRACKED TO MONITOR VALUE DELIVERED

  • Training offices engagement score = 54% (FY21: 79%)
  • VALUE DELIVERED

STRATEGIC INITIATIVES AFFECTED

MATERIAL MATTERS AFFECTED

TRAINEES - STAKEHOLDER GROUP B

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SAICA Integrated Report 2022.
All Rights Reserved.

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SAICA Integrated Report 2022. All Rights Reserved.

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