VALUE CREATION

OUR STRATEGY, PERFORMANCE AND IMPACT

Prioritised SDGs

10. Reduced Inequalities

Digitisation
SAICA objectives
  • Advocate for effective, efficient and administratively fair revenue collection
  • Advocate for fair, equitable and transparent global tax rules
  • Ensure a balanced representation for appointments on technical committees
  • Reducing inequalities by ensuring equal empowerment of trainees through the Audit Reform project
  • Promote women empowerment and leadership
  • Provide educational support for African and Coloured learners
Key activities in 2024 and impact / difference made
  • Submitted comments to the National Council of Provinces on the Public Procurement Bill, which aims to establish a framework for implementing preferential procurement in South Africa, ensuring fair, equitable, transparent, and cost-effective procurement by organs of state
  • Engagement and debate on Global Minimum Tax Bill 2024 (BEPS 2.0)
  • SAICA has been recognised as a Top Gender Empowered Company at the Standard Bank Top Women Awards, celebrating its leadership in diversity and inclusion
  • SAICA is committed to promoting a workplace that reflects diversity, ensures equity, and promotes inclusion and belonging, supported by the development of a diversity, equity and inclusion (DEI) policy
  • The Diversity and Equity Committee supports the Employment Equity Committee in monitoring the goals of the Employment Equity Plan
  • SAICA submitted a comment letter on the proposed sector and sub-sector targets (section 15A targets) as set out in the Employment Equity Amendment Bill
  • The Hope Factory Group empowered 356 Women-owned businesses with entrepreneurial skills development

Prioritised SDGs

13. Climate Action

Digitisation

For a comprehensive overview of our objectives and initiatives supporting SDG 13, please see our natural capital section

16. Peace, Justice and Strong Institutions

Digitisation
SAICA objectives
  • Building effective, accountable and inclusive public sector institutions through the SAICA public sector professionalisation project
  • Advocating for a capable and competent criminal justice system
  • Protection of whistleblowers
Key activities in 2024 and impact / difference made
  • Advocacy submissions and engagements with a number of key stakeholders, including the Accountant-General, to elevate SAICA’s advocacy initiatives in the public sector
  • Implementation of the Public Sector Professionalisation Plan
  • The KZN Public Sector Young Professionals Summit focused on promoting future skills such as digital acumen and decision-making for public sector professionals
  • The CIGFARO Public Sector Risk and Audit Indaba showcased SAICA’s thought leadership on leveraging technology to enhance public sector service delivery
  • Submitted recommendations to the National Council of Provinces on the Companies Amendment Bill, advocating for an increased Public Interest Score and relaxed statutory requirements for voluntary audits
  • SAICA’s AGC Task Group is reviewing ED 240, The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements, which revises the standard to enhance the auditor’s role in addressing fraud following global corporate failures
  • Hosting the International Public Sector Accounting Standards Board (IPSASB) in South Africa
  • The PwC Government and Public Sector Summit showcased the role of members in public sector reform and shared research insights on sector challenges

17. Partnerships for the goals

Digitisation
SAICA objectives
  • Seeking global partnerships and platforms to strengthen domestic tax and enhance the investment climate
  • Partnering with global organisations on initiatives to promote trust in the auditing profession as well as enhance audit quality
  • Align and explore collaborative opportunities between the Council for Medical Schemes (CMS) and SAICA and utilise our network of industry experts as a resource for providing input on financial reporting matters within the medical schemes industry
Key activities in 2024 and impact / difference made
  • Hosting annual tax budget updates and associated budget guides and comment letters submitted to National Treasury
  • Implementing a plan leading to the approval for the establishment of a Centre of Audit Quality
  • SAICA is actively involved in revising the International Education Standards, ensuring the integration of sustainability learning outcomes and assessment principles in alignment with global standards
  • SAICA contributed to PAFA by advancing the accountancy profession in Africa, enhancing standards and promoting capacity-building
  • The Hope Factory Group partners with both the Private and Public Sector in developing entrepreneurial skills across South Africa
Pottery Icon

Renew

Water is life’s original reset button.

Water doesn’t just wash away - it awakens. It has the ability to renew, rehydrate, and revitalise from within. It clears the dust of yesterday and nourishes what’s ready to grow. It evaporates and returns anew – fresh and pure. To immerse in water is to immerse in renewal – every drop a chance to reset, recharge, and rise refreshed.

Natural Capital