HOW WE CREATE VALUE

Stakeholder engagement and value creation

LEGEND

Expectations met
Improvement required
Worsening
Improving
Stable
Expectations met
Improvement required
Worsening
Improving
Stable

Firms

How we Engage; Their role in value creation; and how we address these interests
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 engaged and addressed these interests in 2023
  • 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/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
IMPACT
STRATEGIC PILLAR
Material matters
Key metrics and objectives tracked to monitor value delivered
  • Firms engagement score = 90% (FY22: 87%)
  • Value delivered
MEDIA

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