CONTRIBUTING TO A

SUSTAINABLE FUTURE (THE UN SDGs)

CONTRIBUTING TO A SUSTAINABLE FUTURE (THE UN SDGs)

PEACE, JUSTICE AND STRONG INSTITUTIONS

SAICA OBJECTIVES

  • Building effective, accountable and inclusive public sector institutions
  • Advocating for a capable and competent criminal justice system

Key activities in 2022 and impact / difference made

  • Submission and presentation to the Standing Committee on Finance on the lack of budget for SAPS and NPA and over-funding in certain less critical areas such as SAPS units
  • Submission to Parliament’s Standing Committee on Finance on our concerns that the 2023 Budget Review did not cater for the economic impact of a negative FATF country review and that Parliament seemed unaware of this fact
  • Submission to National Treasury on the Draft Preferential Procurement Regulations to strengthen procurement legislation within government which will assist with accountability and contributing to sustainable development
  • Submission to the Department of Basic Education on the Basic Education Laws Amendment Bill (BELA) to improve the finance management of public schools which will result in better service delivery by government in terms of its mandate on education
  • Hosted the MFMA year-end Financial Reporting and Audit workshop, which was attended by 284 delegates. This workshop is aimed at assisting individuals employed within municipalities to prepare credible financial statements for the public sector
  • Hosting the CFO Forum at KZN Treasury − this allowed 205 municipal and public entity officials having access to Standards of GRAP updates which would have otherwise not been possible
  • Submission and Presentation to the Standing Committee on Finance on the changes to the Financial Intelligence Centre Act Schedule 1 on who would be classified as an accountable institution. This has a widespread impact on the accounting profession
  • Submission to the Specialist Committee on Company Law to request an increase in the public interest score as set out in the Companies Regulations. The PI Score impacts whether companies’ financial statements require an audit, independent review or just a compilation
  • Submission of a letter to the Companies and Intellectual Property Commission (CIPC) on their request that professional accountancy bodies should inspect their members that perform independent reviews. CIPC withdrew the requirement that professional bodies should inspect independent reviewers in January 2023
  • Hosted SAICA’s Difference Makers and Anti-Corruption Summit at Leaderex
  • Hosted the Courageous Conversation event focusing on protection of whistle-blowers

PEACE, JUSTICE AND STRONG INSTITUTIONS

SAICA OBJECTIVES

  • Building effective, accountable and inclusive public sector institutions
  • Advocating for a capable and competent criminal justice system

Key activities in 2022 and impact / difference made

  • Submission and presentation to the Standing Committee on Finance on the lack of budget for SAPS and NPA and over-funding in certain less critical areas such as SAPS units
  • Submission to Parliament’s Standing Committee on Finance on our concerns that the 2023 Budget Review did not cater for the economic impact of a negative FATF country review and that Parliament seemed unaware of this fact
  • Submission to National Treasury on the Draft Preferential Procurement Regulations to strengthen procurement legislation within government which will assist with accountability and contributing to sustainable development
  • Submission to the Department of Basic Education on the Basic Education Laws Amendment Bill (BELA) to improve the finance management of public schools which will result in better service delivery by government in terms of its mandate on education
  • Hosted the MFMA year-end Financial Reporting and Audit workshop, which was attended by 284 delegates. This workshop is aimed at assisting individuals employed within municipalities to prepare credible financial statements for the public sector
  • Hosting the CFO Forum at KZN Treasury − this allowed 205 municipal and public entity officials having access to Standards of GRAP updates which would have otherwise not been possible
  • Submission and Presentation to the Standing Committee on Finance on the changes to the Financial Intelligence Centre Act Schedule 1 on who would be classified as an accountable institution. This has a widespread impact on the accounting profession
  • Submission to the Specialist Committee on Company Law to request an increase in the public interest score as set out in the Companies Regulations. The PI Score impacts whether companies’ financial statements require an audit, independent review or just a compilation
  • Submission of a letter to the Companies and Intellectual Property Commission (CIPC) on their request that professional accountancy bodies should inspect their members that perform independent reviews. CIPC withdrew the requirement that professional bodies should inspect independent reviewers in January 2023
  • Hosted SAICA’s Difference Makers and Anti-Corruption Summit at Leaderex
  • Hosted the Courageous Conversation event focusing on protection of whistle-blowers

PARTNERSHIPS FOR THE GOALS

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 medical schemes regulator (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 2022 and impact / difference made

  • Engagement with IESBA Roundtable on Aggressive Tax Planning ethics for professional accountants and collaboration with the Global Accounting Alliance Tax Workgroup to find common ground between developed and developing countries on this matter
  • Engagement with Invest SA and the World Bank on the paying taxes initiative and engagement at DTIC’s Investment Climate Reform Programme Phase 1 closure event
  • SAICA partnered with the Pan African Federation of Accountants (PAFA) and the Independent Regulatory Board for Auditors (IRBA) to host monthly workshops on the implementation of the International Standards on Quality Management which came into effect on 15 December 2022
  • The work that SAICA has done on providing implementation guidance on the Quality Management Standards has been recognised at a global level. IFAC have shared the SAICA Quality Management Resource page with other professional accountancy organisations (PAOs) on their resource page, thus expanding SAICA’s thought leadership reach to other jurisdictions within the IFAC network
  • SAICA’s resources were made available to all PAOs affiliated with IFAC

PARTNERSHIPS FOR THE GOALS

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 medical schemes regulator (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 2022 and impact / difference made

  • Engagement with IESBA Roundtable on Aggressive Tax Planning ethics for professional accountants and collaboration with the Global Accounting Alliance Tax Workgroup to find common ground between developed and developing countries on this matter
  • Engagement with Invest SA and the World Bank on the paying taxes initiative and engagement at DTIC’s Investment Climate Reform Programme Phase 1 closure event
  • SAICA partnered with the Pan African Federation of Accountants (PAFA) and the Independent Regulatory Board for Auditors (IRBA) to host monthly workshops on the implementation of the International Standards on Quality Management which came into effect on 15 December 2022
  • The work that SAICA has done on providing implementation guidance on the Quality Management Standards has been recognised at a global level. IFAC have shared the SAICA Quality Management Resource page with other professional accountancy organisations (PAOs) on their resource page, thus expanding SAICA’s thought leadership reach to other jurisdictions within the IFAC network
  • SAICA’s resources were made available to all PAOs affiliated with IFAC

Need Help? Get in Touch

Need Help? Get in Touch

SAICA Integrated Report 2022.
All Rights Reserved.

Site Links

Site Links

Head Office

SAICA Integrated Report 2022. All Rights Reserved.

Site Links

Site Links

Head Office