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The main drivers escalating the risk environment include the following emerging risks and events:
The main drivers escalating the risk environment include the following emerging risks and events:
Difficulty in recruitment of competent staff which is having an impact on delivery of strategy
Continued power outages causing a disruption in business operations
SAICA’s evolving role as a regulator:
The proposed changes to the Registered Controlling Body (RCB) criteria by SARS to monitor CPD compliance of tax practitioners will strain SAICA resources as this could result in SAICA performing a dual role as a member body and a regulator
Disciplinary processes of the tax practitioners:
Management and monitoring of the tax practitioners by SAICA from a compliance and potentially discipline perspective may become unduly burdensome
Negative growth in the economy may have an impact on SAICA members’ ability to pay for subscriptions
A notable increase in cyber-crime, particularly in email phishing attempts
The latest accounting/auditing and corruption scandals including outcomes of the Zondo Commission Ethical risk amongst members – outcomes of GIBS barometer
Decline in the number of transformation student passes at third-year and CTA level
Difficulty in recruitment of competent staff which is having an impact on delivery of strategy
Continued power outages causing a disruption in business operations
SAICA’s evolving role as a regulator:
The proposed changes to the Registered Controlling Body (RCB) criteria by SARS to monitor CPD compliance of tax practitioners will strain SAICA resources as this could result in SAICA performing a dual role as a member body and a regulator
Disciplinary processes of the tax practitioners:
Management and monitoring of the tax practitioners by SAICA from a compliance and potentially discipline perspective may become unduly burdensome
Negative growth in the economy may have an impact on SAICA members’ ability to pay for subscriptions
A notable increase in cyber-crime, particularly in email phishing attempts
The latest accounting/auditing and corruption scandals including outcomes of the Zondo Commission Ethical risk amongst members – outcomes of GIBS barometer
Decline in the number of transformation student passes at third-year and CTA level
SAICA Integrated Report 2022. All Rights Reserved.