HOW WE CREATE VALUE

Stakeholder engagement and value creation

LEGEND

Expectations met

Improvement required

Worsening

Improving

Stable

Expectations met

Improvement required

Worsening

Improving

Stable

Regulators

How we Engage; Their role in value creation; and how we address these interests

Their material interests

SAICA and member compliance with regulations
Input on regulations to assist in their development

How we engaged

Engaging with the CIPC on the application of IFRS for SMEs to legal practitioners/firms
Strategy discussion with SAICA CEO/IRBA
Discussion and presentation at the Standing Committee on the Companies Amendment Bill

How we addressed needs and interests

Advocate for members on proposed and existing legislation
Amendments and approvals to the IRBA Code

Risks/opportunities

Failing to comply with regulatory requirements
Proactive engagement with regulators (opportunity)

Strategic response

Governance structures to ensure compliance
Robust regulatory framework
Compliance monitoring

IMPACT

STRATEGIC PILLAR

Material matters

Key metrics and objectives tracked to monitor value delivered

External assurance of regulatory compliance
Good relationship with regulators
No fines or penalties
Regulators engagement score = 78% (FY22: 89%)

Value delivered

GOVERNMENT