STANDARDS

standards

Key objectives for 2022 in support of strategy

OBJECTIVES

Enabling members to have a collective voice through:
  • Providing operational and technical support
  • Facilitating engagement with key stakeholders on the local and global stage

IMPORTANCE FOR VALUE CREATION

Members have a reliable source of information, a unique component of the SAICA value creation proposition. Promoting the value of the CA(SA) and other SAICA designations both locally and abroad

OBJECTIVES

Improving the effectiveness of audit in SA and globally

IMPORTANCE FOR VALUE CREATION

SAICA is the only qualification enabling access to the Registered Auditor (RA) designation through IRBA, Unique to South African members pursuing an audit career, and serving as an additional endorsement of their skills

OBJECTIVES

Contributing to a sustainable future

IMPORTANCE FOR VALUE CREATION

Positioning SAICA and the profession strategically, ensuring an evolving skill set, allowing SAICA members to create value and make a difference in the future

OBJECTIVES

Thought leadership

IMPORTANCE FOR VALUE CREATION

To create significant value to SAICA and its membership by attracting local and international media attention with a quantitative rand value

Key objectives for 2022 in support of strategy

OBJECTIVES

Enabling members to have a collective voice through:
  • Providing operational and technical support
  • Facilitating engagement with key stakeholders on the local and global stage

IMPORTANCE FOR VALUE CREATION

Members have a reliable source of information, a unique component of the SAICA value creation proposition. Promoting the value of the CA(SA) and other SAICA designations both locally and abroad

OBJECTIVES

Improving the effectiveness of audit in SA and globally

IMPORTANCE FOR VALUE CREATION

SAICA is the only qualification enabling access to the Registered Auditor (RA) designation through IRBA, Unique to South African members pursuing an audit career, and serving as an additional endorsement of their skills

OBJECTIVES

Contributing to a sustainable future

IMPORTANCE FOR VALUE CREATION

Positioning SAICA and the profession strategically, ensuring an evolving skill set, allowing SAICA members to create value and make a difference in the future

OBJECTIVES

Thought leadership

IMPORTANCE FOR VALUE CREATION

To create significant value to SAICA and its membership by attracting local and international media attention with a quantitative rand value

Key initiatives to create value in 2022

Standards Seminars and Events

The Standards division hosted 88 events in 2022 focussing on thought leadership, advocacy and member support with an average attendee rating of 4.41/5. The table below highlights these key events:

INITIATIVES
  • CA of the Future (presenters included amongst others Nollie Maoto – Chief Data and Analytics Officer, FNB; Staffie Masie ex-CEO of Google Africa)

IMPACT / DIFFERENCE MADE
  • Topics focused on future trends impacting business and the profession, such as cryptocurrency, data literacy and monetisation, technology trends, machine learning and artificial learning
INITIATIVES
  • ISQM workshops
  • SAICA-AGSA audit outcomes

IMPACT / DIFFERENCE MADE
  • Promoted the profession’s role in supporting effective legislation, standard setting and public policy
INITIATIVES
  • Ethics in Practice
  • Tax in Practice
  • Techtalk

IMPACT / DIFFERENCE MADE
  • Provided members with regular access to the latest updates and support on developments relating to legislation, standards and policy affecting the professions

Key initiatives to create value in 2022

Standards Seminars and Events

The Standards division hosted 88 events in 2022 focussing on thought leadership, advocacy and member support with an average attendee rating of 4.41/5. The table below highlights these key events:

INITIATIVES
  • CA of the Future (presenters included amongst others Nollie Maoto – Chief Data and Analytics Officer, FNB; Staffie Masie ex-CEO of Google Africa)

IMPACT / DIFFERENCE MADE
  • Topics focused on future trends impacting business and the profession, such as cryptocurrency, data literacy and monetisation, technology trends, machine learning and artificial learning
INITIATIVES
  • ISQM workshops
  • SAICA-AGSA audit outcomes

IMPACT / DIFFERENCE MADE
  • Promoted the profession’s role in supporting effective legislation, standard setting and public policy
INITIATIVES
  • Ethics in Practice
  • Tax in Practice
  • Techtalk

IMPACT / DIFFERENCE MADE
  • Provided members with regular access to the latest updates and support on developments relating to legislation, standards and policy affecting the professions

Ethics standards

INITIATIVES
  • Initiatives to improve the relevance and reputation of the profession included:
    • Ethics in practice series
    • Advocacy and support to members

IMPACT / DIFFERENCE MADE
  • Ongoing ethical training, guidance and reminders to all members to maintain the relevance and reputation of the profession
INITIATIVES
  • Alignment of the SAICA Code of Professional Code of Conduct with the IESBA Code and the IRBA Code

IMPACT / DIFFERENCE MADE
  • The SAICA Code is aligned to international standards which allows SAICA to maintain its membership obligations with the IFAC and IRBA. It also enables members to demonstrate ethical leadership
INITIATIVES
  • Continued to advocate for high-quality ethical standards through:
    • Advocacy submissions to IESBA to improve the IESBA Code
    • Stakeholder engagements with the IRBA

IMPACT / DIFFERENCE MADE
  • SAICA and its members are represented locally and internationally, and South Africa’s input is accounted for in the IESBA Code and IRBA Code

Ethics standards

INITIATIVES
  • Initiatives to improve the relevance and reputation of the profession included:
    • Ethics in practice series
    • Advocacy and support to members

IMPACT / DIFFERENCE MADE
  • Ongoing ethical training, guidance and reminders to all members to maintain the relevance and reputation of the profession
INITIATIVES
  • Alignment of the SAICA Code of Professional Code of Conduct with the IESBA Code and the IRBA Code

IMPACT / DIFFERENCE MADE
  • The SAICA Code is aligned to international standards which allows SAICA to maintain its membership obligations with the IFAC and IRBA. It also enables members to demonstrate ethical leadership
INITIATIVES
  • Continued to advocate for high-quality ethical standards through:
    • Advocacy submissions to IESBA to improve the IESBA Code
    • Stakeholder engagements with the IRBA

IMPACT / DIFFERENCE MADE
  • SAICA and its members are represented locally and internationally, and South Africa’s input is accounted for in the IESBA Code and IRBA Code

Public Sector

INITIATIVES
  • Continuous advocacy for the professionalisation of the public sector through:
    • Promoting the SAICA designations – CA(SA), AGA(SA) and AT(SA) − in the public sector
    • Profiling SAICA members in the public sector
    • Capacity building workshops for finance officials to improve preparation of financial statements and audit outcomes

IMPACT / DIFFERENCE MADE
  • Members are seen as employees of choice in the public sector which has improved member value
  • Members have assisted to improve public finance management and governance, thereby contributing to an improvement in service delivery for citizens

Public Sector

INITIATIVES
  • Continuous advocacy for the professionalisation of the public sector through:
    • Promoting the SAICA designations – CA(SA), AGA(SA) and AT(SA) − in the public sector
    • Profiling SAICA members in the public sector
    • Capacity building workshops for finance officials to improve preparation of financial statements and audit outcomes

IMPACT / DIFFERENCE MADE
  • Members are seen as employees of choice in the public sector which has improved member value
  • Members have assisted to improve public finance management and governance, thereby contributing to an improvement in service delivery for citizens
STANDARDS KEY INITIATIVES TO CREATE VALUE IN 2022 CONTINUED

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SAICA Integrated Report 2022.
All Rights Reserved.

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SAICA Integrated Report 2022. All Rights Reserved.

Site Links

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Head Office