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

FIRMS

(Stakeholder Group A)

THEIR MATERIAL INTERESTS

  • Highly competent trainees and members
  • Relevant programmes to provide a skills pipeline
  • Members trained for the future/impact of the 4IR
  • Technical support and query resolution

HOW WE ADDRESSED THESE INTERESTS IN 2022

  • Met with the South African Auditing Profession Trust Initiative (SAAPTI) to discuss the plan for a Centre for Audit Quality (CAQ)
  • Discussion on the implications of the Zondo Commission report on the profession
  • Audit reform event to discuss the impact of digital transformation on the audit and assurance profession

RISKS and
OPPORTUNITIES

  • Trainees not well placed due to lack of support
  • Identify future needs to remain relevant

STRATEGIC
RESPONSE

  • Transformation issues discussions
  • Audit reform initiatives
  • Centre for Audit Quality in South Africa

KEY METRICS/OBJECTIVES TRACKED TO MONITOR VALUE DELIVERED

  • Firms engagement score = 87% (FY21: 78%)
  • VALUE DELIVERED

STRATEGIC INITIATIVES AFFECTED

MATERIAL MATTERS AFFECTED

FIRMS

(Stakeholder Group A)

THEIR MATERIAL INTERESTS

  • Highly competent trainees and members
  • Relevant programmes to provide a skills pipeline
  • Members trained for the future/impact of the 4IR
  • Technical support and query resolution

HOW WE ADDRESSED THESE INTERESTS IN 2022

  • Met with the South African Auditing Profession Trust Initiative (SAAPTI) to discuss the plan for a Centre for Audit Quality (CAQ)
  • Discussion on the implications of the Zondo Commission report on the profession
  • Audit reform event to discuss the impact of digital transformation on the audit and assurance profession

RISKS and
OPPORTUNITIES

  • Trainees not well placed due to lack of support
  • Identify future needs to remain relevant

STRATEGIC
RESPONSE

  • Transformation issues discussions
  • Audit reform initiatives
  • Centre for Audit Quality in South Africa

KEY METRICS/OBJECTIVES TRACKED TO MONITOR VALUE DELIVERED

  • Firms engagement score = 87% (FY21: 78%)
  • VALUE DELIVERED

STRATEGIC INITIATIVES AFFECTED

MATERIAL MATTERS AFFECTED

MEDIA

(Stakeholder Group A)

THEIR MATERIAL INTERESTS

  • Positive impact of our members as #differencemakers
  • Enhancing the ethical conduct of the CA profession
  • Role of the profession in transformation
  • SAICA’s thought leadership on issues of public interest

HOW WE ADDRESSED THESE INTERESTS IN 2022

  • Over 48 direct engagements with media and opinion leaders
  • Significant reach in promoting the value of CAs(SA), AGAs(SA) and ATs(SA) to the marketplace in commercial media

RISKS and
OPPORTUNITIES

  • Proactive engagement with the media to promote the reputation of SAICA’s members and the profession
  • Maintain strong relationships with the media
  • Negative publicity emanating from members’ alleged misconduct

STRATEGIC
RESPONSE

  • Topical interviews and media engagements
  • Extensive #trustleadership engagement with the media regarding members alleged unethical behaviour
  • Ad hoc media engagements when SAICA receives requests for commentary or interviews

KEY METRICS/OBJECTIVES TRACKED TO MONITOR VALUE DELIVERED

  • Media and opinion leaders’ performance score above neutral: 89%
  • An average of 3,2 media exposures per thought leadership topic
  • 15 social media channels’ reach and impact levels > industry averages. Social media followers grew by 11,28%
  • 1 829 positive media exposures (FY21: 1 395)
  • VALUE DELIVERED

STRATEGIC INITIATIVES AFFECTED

MATERIAL MATTERS AFFECTED

MEDIA

(Stakeholder Group A)

THEIR MATERIAL INTERESTS

  • Positive impact of our members as #differencemakers
  • Enhancing the ethical conduct of the CA profession
  • Role of the profession in transformation
  • SAICA’s thought leadership on issues of public interest

HOW WE ADDRESSED THESE INTERESTS IN 2022

  • Over 48 direct engagements with media and opinion leaders
  • Significant reach in promoting the value of CAs(SA), AGAs(SA) and ATs(SA) to the marketplace in commercial media

RISKS and
OPPORTUNITIES

  • Proactive engagement with the media to promote the reputation of SAICA’s members and the profession
  • Maintain strong relationships with the media
  • Negative publicity emanating from members’ alleged misconduct

STRATEGIC
RESPONSE

  • Topical interviews and media engagements
  • Extensive #trustleadership engagement with the media regarding members alleged unethical behaviour
  • Ad hoc media engagements when SAICA receives requests for commentary or interviews

KEY METRICS/OBJECTIVES TRACKED TO MONITOR VALUE DELIVERED

  • Media and opinion leaders’ performance score above neutral: 89%
  • An average of 3,2 media exposures per thought leadership topic
  • 15 social media channels’ reach and impact levels > industry averages. Social media followers grew by 11,28%
  • 1 829 positive media exposures (FY21: 1 395)
  • VALUE DELIVERED

STRATEGIC INITIATIVES AFFECTED

MATERIAL MATTERS AFFECTED

ALLIANCE PARTNERS - STAKEHOLDER GROUP a

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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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