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The Board serves as the focal point and custodian of corporate governance in SAICA.
The Board serves as the focal point and custodian of corporate governance in SAICA.
The governance framework prescribed by the SAICA constitution enables the Board to oversee, assess and approve the strategic direction, financial and non-financial performance areas, resource allocation and risk appetite of the Institute. It also supports the Board in ensuring that it can hold the executive team accountable for the execution of the Institute’s strategy and financial as well as non-financial key performance areas.
The SAICA Governance Framework is built to comply with the directives from the documents below.
It should be noted that documents with prescriptions regarding these committees currently exist.
The governance framework prescribed by the SAICA constitution enables the Board to oversee, assess and approve the strategic direction, financial and non-financial performance areas, resource allocation and risk appetite of the Institute. It also supports the Board in ensuring that it can hold the executive team accountable for the execution of the Institute’s strategy and financial as well as non-financial key performance areas.
The SAICA Governance Framework is built to comply with the directives from the documents below.
It should be noted that documents with prescriptions regarding these committees currently exist.
The Board uses its meetings to discharge its governance and regulatory responsibilities. Meeting agendas follow an approved annual work plan and also provide for the inclusion of urgent non-routine matters. Meeting agendas comprise management reports on operational and financial performance as well as matters of strategy execution and risk and opportunities; governance, compliance and legal issues; and matters otherwise reserved for Board decision-making.
The Board met seven times during the year.
The Board uses its meetings to discharge its governance and regulatory responsibilities. Meeting agendas follow an approved annual work plan and also provide for the inclusion of urgent non-routine matters. Meeting agendas comprise management reports on operational and financial performance as well as matters of strategy execution and risk and opportunities; governance, compliance and legal issues; and matters otherwise reserved for Board decision-making.
The Board met seven times during the year.
On 1 December 2021, the Assessment of Professional Competence (APC) examination was written at various venues around South Africa and several international venues
The exam sitting was marred by a myriad of challenges which had a significant and negative impact on candidates who wrote the assessment
Tax practitioners are aggrieved by the length of time taken to prosecute non-compliance and that SAICA is taking them through disciplinary processes where some respondents have only been a few days late with the tax practitioner declaration submission
Members of the Board have unrestricted access to the Executive Committee, senior management and company information, as well as other resources required to carry out their duties and responsibilities through the Board Secretary.
Access to specialist advice is available to directors at SAICA’s expense and experts are used to advise the various Board committees.
On 1 December 2021, the Assessment of Professional Competence (APC) examination was written at various venues around South Africa and several international venues
The exam sitting was marred by a myriad of challenges which had a significant and negative impact on candidates who wrote the assessment
Tax practitioners are aggrieved by the length of time taken to prosecute non-compliance and that SAICA is taking them through disciplinary processes where some respondents have only been a few days late with the tax practitioner declaration submission
Members of the Board have unrestricted access to the Executive Committee, senior management and company information, as well as other resources required to carry out their duties and responsibilities through the Board Secretary.
Access to specialist advice is available to directors at SAICA’s expense and experts are used to advise the various Board committees.
SAICA Integrated Report 2022. All Rights Reserved.