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The table below provides insight into the top strategic risks:
The table below provides insight into the top strategic risks:
Risk of data breaches and cybercrime leading to downtime
Enhance security through real-time monitoring of and responding to attempted breaches
Risk of data breaches and cybercrime leading to downtime
Enhance security through real-time monitoring of and responding to attempted breaches
Non-compliance with laws and regulations pertaining to processing, storing, securing and sharing of data
Continued compliance by SAICA as a mechanism to maintain and enhance its credibility
Non-compliance with laws and regulations pertaining to processing, storing, securing and sharing of data
Continued compliance by SAICA as a mechanism to maintain and enhance its credibility
Creation of value for members and stakeholders through the effective implementation of the governance framework
Creation of value for members and stakeholders through the effective implementation of the governance framework
Inability to continue business in an event of an emergency or disaster
Enhanced credibility through proactive risk analysis and scenario planning
Inability to continue business in an event of an emergency or disaster
Enhanced credibility through proactive risk analysis and scenario planning
Non-compliance with legislation, regulation, Acts relevant to the business of SAICA and its controlled entities (which include the IRBA accreditation, CA Designation Act, etc)
By aligning to accreditation best practices, we enhance the value of SAICA and its designations, and in so doing we enhance the market value of our members and associates
Non-compliance with legislation, regulation, Acts relevant to the business of SAICA and its controlled entities (which include the IRBA accreditation, CA Designation Act, etc)
By aligning to accreditation best practices, we enhance the value of SAICA and its designations, and in so doing we enhance the market value of our members and associates
There is a risk of organisational underperformance
Change management initiatives to build an organisational culture which promotes innovation and high performance
There is a risk of organisational underperformance
Change management initiatives to build an organisational culture which promotes innovation and high performance
Loss of credibility amongst stakeholders (resulting in loss of funding and relationships partnerships and alliances) due to an unfavourable B-BBEE rating
Enhanced credibility through the implementation and monitoring of B-BBEE sub-level requirements
Loss of credibility amongst stakeholders (resulting in loss of funding and relationships partnerships and alliances) due to an unfavourable B-BBEE rating
Enhanced credibility through the implementation and monitoring of B-BBEE sub-level requirements
SAICA Integrated Report 2022. All Rights Reserved.