SAICA offers three reputable professional accounting and business designations from a foundational to a strategic level of accounting and business competence –

Accounting Technician [AT(SA)], Associate General Accountant [AGA(SA)] and Chartered Accountant [CA(SA)].

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The IAASB finalises ISA 315 (Revised 2019)

In December 2019, the International Auditing and Assurance Standards Board (IAASB) issued International Standard on Auditing (ISA) 315 (Revised 2019), Identifying and Assessing the Risks of Material Misstatement. On its release, the IAASB stated that ISA 315 (Revised 2019) is an important part of the IAASB’s efforts to improve audit quality globally. The IAASB chair,…

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The concept of materiality and the need to embrace it

The concept of materiality is one of the most fundamental and significant concepts within the financial and corporate reporting ecosystem. ‘Materiality’ can be defined and rationalised in numerous ways, but the following encompasses the essence of the concept: Materiality is a concept or convention within auditing and accounting relating to the importance/significance of an amount,…

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Direct marketing consent in South Africa

Direct marketing to existing customers of the marketer can continue as regulated under the CPA. Once the POPIA deadline for compliance is reached, non-customers may only be approached once for consent. Colin Victor explains. Two primary pieces of legislation regulate direct marketing activities, namely the Consumer Protection Act 68 of 2008 (CPA) and the Protection…

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SAICA MIB project groups

The issues the MIB groups focus on are tabled and addressed from an auditor, preparer and regulatory perspective. SAICA has a broad membership base, with members taking up key roles in different industries and at differing levels of seniority. To ensure that we cater to our members’ needs, we run interest groups for our members.…

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Feb 2021 Issue

Leading in times of uncertainty Today, uncertainty is everywhere. We have all heard anecdotes about some of the world’s most valuable companies … the world’s largest taxi company, Uber, owns no cars, the world’s largest accommodation provider, Airbnb, owns no property, and so on. But even for them, times are uncertain. Because people did not…

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5 Stategies to prevent compassion fatigue during Covid-19

Compassion fatigue is when someone in a helping role begins to experience burnout from the “burdens” of being the helper or hearing about traumatic events. During the current Covid-19 pandemic, trauma and stress has been taking its toll. In order to help others, it is critically important that we take care of ourselves first. If…

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CPD Compliance declarations are due by 31 Jan 2021

SAICA’s CPD compliance declarations need to be completed by 31 January 2021 As per the CPD Policy, all members (whether they are professionally active or not) are required to complete an annual declaration. Declare your CPD compliance now by clicking here.   What does the declaration entail? According to the new policy, all members and…

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There are no exemptions under SAICA’s new CPD policy

According to SAICA’s new CPD policy which came into effect on 1 January 2020, all SAICA members need to complete a CPD declaration annually. In the past, exemptions were granted in respect of the CPD policy, but as has been communicated, there is no process for formally granting exemptions under the new policy. Given the…

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