HOW WE CREATE VALUE

Standards

Key initiatives to create value in 2023

Standards seminars and events

The Standards division hosted 98 events in 2023 (FY 22: 88) focusing on thought leadership, advocacy and member support with an average attendee rating of 4,38/5 (FY 22: 4,41/5).

The table below highlights these key events

THOUGHT LEADERSHIP

KEY SEMINARS
  • Ethics in Practice
IMPACT/DIFFERENCE MADE
  • Members received practical advice to help them deal with ethical matters/dilemmas which contribute to the protection of the reputation of the profession

ADVOCACY

KEY SEMINARS
  • Public Sector Summit
  • 2021/22 MFMA Audit Outcome webcast
  • 2022/23 PFMA Audit Outcome webcast
  • Budget 2023: Analysis
IMPACT/DIFFERENCE MADE
  • Advocacy events allowed SAICA to engage key stakeholders on critical matters impacting the country and the profession. This has enabled the profession to be part of or offer solutions on matters impacting the economy and society

CORPORATE REPORTING

KEY SEMINARS
  • SAICA’s inaugural Climate Change Conference
  • Launch of the IFRS Sustainability Disclosure Standards (ISSB standards) in South Africa
IMPACT/DIFFERENCE MADE
  • These events provided members with direct access to experts and global leaders in this rapidly evolving field of sustainability and climate and the pivotal role accountants play therein

MEMBER SUPPORT

KEY INITIATIVES
  • Code Refresher Seminar
  • Tax in Practice
  • Tax Practitioner induction
IMPACT/DIFFERENCE MADE
  • These events enabled members to obtain and maintain the requisite skills required for members to perform their jobs at the required competency level

ETHICS STANDARDS

SAICA CODE OF PROFESSIONAL CONDUCT (SAICA CODE)

KEY INITIATIVES
  • Maintenance of the SAICA Code to ensure alignment with the International Ethics Standards Board for Accountants (IESBA) and IRBA Code, and its relevance to the profession
IMPACT/DIFFERENCE MADE
  • SAICA Code complies with international and local standards and protects the relevance and reputation of the profession

ADVOCATING FOR HIGH ETHICAL STANDARDS AND LEGISLATION LOCALLY AND INTERNATIONALLY

KEY INITIATIVES
  • SAICA made a number of key ethics submissions on behalf of the membership, including to the Department of Justice and Constitutional Development on ‘Proposed reforms for whistleblower protection regime in South Africa’(Discussion Paper)
IMPACT/DIFFERENCE MADE
  • The submissions provided the profession’s views on significant amendments to standards and legislation, including contributing to reforms for the whistleblower protection regime in South Africa, which has an impact on the public interest
PUBLIC SECTOR

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