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Top Strategic Risks

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Risk Description

5. Loss of strategic stakeholder (government and funders) confidence and inability to attract funding for growth and transformation initiatives

Opportunity

Highlight and showcase the contributions of members to the South African economy and society, as well as their alignment with the Sustainable Development Goals (SDGs)

Risk Response

    Continuous monitoring and tracking of growth and transformation initiatives and throughput pass percentages including:
  • ITC and APC support programmes
  • Alliances with strategic partners to deliver career awareness initiatives
  • Mobilise members, trainees, and stakeholders for increased participation in profession-wide career awareness
  • Continuous in-depth monitoring of the effectiveness and impact of marketing, communication and public relations activities and timely intervention on negative trends
Strategic Pillars
Trust
Material Matters
EcoEco
Organisational Capitals Affected
TrustTrust
Trend Year-on-Year

Risk Description

6. Loss of confidence in member’s professional competencies (including their conduct in terms of the Code of Professional Conduct and competencies required by CA2025) and skills due to unethical behaviour by members which may result in disrepute to the profession

Opportunity

Showcasing and elevation of the role and impact of the profession in the economy through thought leadership and value-creation initiatives

Risk Response

  • Enhanced engagement and collaboration to consider and approve the Code of Professional Conduct
  • Monthly Ethics in Practice, Tech Talk, Code refresher for members and training
  • Effective and efficient SAICA disciplinary process through effecting changes to by-laws to expedite proceedings and streamlining disciplinary processes
Strategic Pillars
Trust
Material Matters
Eco
Organisational Capitals Affected
Trust
Trend Year-on-Year

Risk Description

7. Failure to meet digitisation objectives (turnover, vendor performance, etc, misaligned expectations) and IT project delays:

  • Siloed approach which will negatively impact SAICA’s digitisation journey
  • Misalignment between SAICA organisations capability and the technological solutions

Opportunity

  • Strengthening cross-functional collaboration
  • Implement robust project management and change management practices to minimise delays and build resilience against future technological challenges

Risk Response

  • Implementation of project management methodology across SAICA
  • Proactive management of vendors in line with service-level agreements (SLAs)
  • Implementation of the SAICA change management framework
Strategic Pillars
Trust
Material Matters
Eco
Organisational Capitals Affected
Trust Trust Trust
Trend Year-on-Year

Risk Description

8. Failure to support Board and Board sub-committees in line with governance best practice through:

  • Effective internal processes
  • Implementation of all SAICA strategic projects

Opportunity

Creation of value for members and stakeholders through the effective implementation of the governance framework

Risk Response

  • Implementation of ERM initiatives
  • Implementation of the revised governance model and framework
  • Document key processes and streamline automation
  • Ensure effective coordination of strategic projects and performance reporting
  • Implementation of the project management methodology across SAICA
Strategic Pillars
Trust
Material Matters
Eco
Organisational Capitals Affected
Trust Trust
Trend Year-on-Year
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Top strategic Risks (9 to 12)