HOW WE CREATE VALUE

STANDARDS

WHAT WE DO TO MAKE A DIFFERENCE

SAICA’s Standards division drives advocacy and thought leadership, empowering members to impact the economy and society positively. The division contributes to proposed standards and legislation, engaging stakeholders through various media channels. Collaborating with members and global standard setters, it shapes consensus, providing the knowledge for excellence and advocacy to influence effective legislation and standard-setting, as well as public policy.

KEY FOCUS AREAS IN SUPPORT OF STRATEGY

STRATEGIC PILLAR
FOCUS
  • Developing and hosting thought leadership interventions, products and events with the latest in current and future standards, policy and technical positions
  • Focused technical and operational support and guidance for members
  • Promoting members’ interests, skills and competencies at a local and international level
  • Assisting members to engage stakeholders on procedural and administrative challenges
STRATEGIC PILLAR
FOCUS
  • Formulating a view on technical standards and policy on behalf of the profession in collaboration with members and structures
  • Engaging stakeholders to advocate SAICA’s technical and standards policy positions both locally and internationally
  • Collaborating with stakeholders to inform processes and implement improved standards in the best interests of the membership, the profession, the capital markets and the broader economic society
  • Playing an advocacy role in improving legislation within the private and public sectors
  • Ensuring the future relevance of the profession
  • Promoting and supporting the leadership roles members are expected to play in the economy and society
  • Representing SAICA on both local and international decision-making and advocacy platforms and structures
  • Leading SAICA’s integrated ethics plan

2023 AT A GLANCE

Inaugural public sector summit

In the first of its kind for SAICA, the Standards team hosted a hybrid event attended by a capped number of 220 face-to-face attendees that included high-profile panellists who came together for a common message – public sector reform requires time and investment as well as skills investment from the private sector. This platform spotlighted SAICA’s career mobility project and gained significant attention on LinkedIn, reaching over 10 000 viewers – a record achievement for the Standards team.

Launch of the issb standards

SAICA Standards was privileged to officially launch the ISSB standards in South Africa at a prestigious event hosted at the Johannesburg Stock Exchange. This signifies SAICA’s strong belief that sustainability reporting and its integration into the corporate environment are key to enhancing the efficacy of corporate reporting and providing an informed view for investors and stakeholders alike.

Hosting of the iasb’s eeg advisory group

SAICA Standards again hosted a global standard-setter. The EEG meeting held in Cape Town in October 2023 is a platform for emerging economies to give insights and feedback to standard-setters ahead of the release of new IFRS standards and revisions to existing ones. This represents the culmination of advocacy efforts, enabling direct dialogue with the standard-setter in a productive and collegial setting. SAICA is proud to represent its members in constructive conversations with the IASB.

Compliance in-practice series

The third product of the popular in-practice series provided members with valuable insights and solutions to the ever-growing and increasing compliance requirements facing SAICA members in business. The product facilitates direct communication between regulators and SAICA members, providing an opportunity for regulators to share their perspectives and offer clarity while allowing members to actively listen, learn and ask questions first hand.

KEY INITIATIVES TO CREATE VALUE IN 2023

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