Even the auditing profession with its stringent independence and ethical requirements taught as part of the curriculum at university is now being dragged into the debacle. Earlier this year, the Independent Regulatory Board for Auditors (IRBA), exposed several auditors who were accused of consistently contravening its professional standards and the law.
On behalf of Chartered Accountants Worldwide (CAW), Edelman Intelligence surveyed over one thousand business leaders and key decision-makers across the UK, Ireland, South Africa, Australia and New Zealand to measure their trust in chartered accountants, the accountancy sector and business as a whole. In South Africa 250 respondents were interviewed. In an era where trust…
In 2011, the New York Times published an article specifying the top 10 reasons small businesses fail. Number 4 on the list was ‘poor accounting’. The thrust of the theory is that an external accountant cannot keep a watch over the business; business requires an internal interested professional to perform that function. Read the full…
In the disciplinary proceedings against Mr Munroe Swirsky, the Institute proffered charges against Mr Swirsky in relation to offences contemplated by By-Laws 34.12, 34.16, 34.17 and 34.10, premised on a complaint that it had received from Mr Erez Daleyot on 4 April 2016. Read the full update here.
SAICA is determined to restore the public’s trust in a profession whose very reputation is based on ethics and standards. It therefore wishes to place on record its stance on the removal and suspension of members implicated in corruption and governance failures Read more
A number of shocking accounting irregularities have brought to light instances where members of the profession have not lived up to the profession’s reputation of integrity, ethics and independence. The repercussions have been wide and detrimental. There is now a dire urgency for public trust and confidence of CAs(SA) to be regained. Read more
The question, ‘Has the South African accounting profession lost the public’s confidence?’ was the catalyst for conversation at a recent discussion − the first in a series aimed at bringing the topics of ethics and good governance to the fore. Read more here.
The ethical conduct of CAs(SA) has a direct or indirect impact on the organisations that they lead and is strengthened and governed by the SAICA Code of Professional Conduct (CPC), which strives to ingrain high moral fibre in all SAICA’s members. This article considers the ethicality of CAs(SA) serving on the board of directors of…
Transfer pricing has been named as one of the main mechanisms used by multinational groups for base erosion and profit shifting (BEPS). While transfer pricing legislation across the world has recently been tightened, including in South Africa, compliance with this legislation is still dependent on the level of taxpayer compliance The OECD base erosion and…
Maintaining business integrity in a post-truth world Ethical dilemmas Ethical failures and the danger of over-regulation The ethicality of CAs(SA) serving on boards The profit in business ethics Integrity and values should be at the core of every business and each employee. Why? Because the right values will steer your personal life, your business, employees…