Last Updated 14 February 2020 08:28:17 AM

Information On What Will Be Examined

Competency Framework

SAICA developed and approved a competency framework in 2008. This competency framework outlines the competencies expected of a Chartered Accountant (SA) at point of entry into the profession (ie when one is eligible to become a SAICA member).  Following an extensive review process, this document was updated in 2014 and is applicable from January 2016 (ITC). This document is for use by:

  • Academics (to guide them in preparing their courses);
  • Students undertaking an accredited CA stream programme (so that they can have a better understanding of what the CA programme seeks to achieve overall); and
  • SAICA Exam candidates preparing for the ITC and APC.  ITC exam candidates are also required to read this in conjunction with the ITC examinable pronouncements which are updated and posted on the SAICA website annually

Last Updated 14 February 2020 08:48:01 AM

Examinable Pronouncements

Students writing an examination should prepare themselves appropriately for the exam by referring to the below lists of examinable pronouncements.


Initial Test of Competence (ITC), previously known as Part I of the Qualifying Examination (QEI)




  • Auditing
    • No longer providing examinable pronouncements, please refer to competency Framework – ITC 2019 above
  • Financial Accounting
    • No longer providing examinable pronouncements, please refer to competency Framework – ITC 2019 above
  • Tax



Permitted Text – SAICA Handbooks

As per the ITC regulations, students may ONLY bring ONE copy of each of the Volumes, however may mix the years in which the books were purchased/published. No loose pages or printed versions will be allowed, the only exceptions are those listed below.

Use of SAICA Handbooks for CTA 2019 / ITC 2020

Please be advised that due to there being limited changes in both the accounting and auditing standards since 2016 that students who purchased the 2017/2018 books, listed below, may choose to use these again for both CTA 2019 and ITC 2020 or they may choose to purchase a new set (2018/2019) of SAICA handbooks.

Volume 1: International Financial Reporting Standards

Part A1 and A2 the Conceptual Framework for financial reporting and requirements

Part B1, B2 & B3 the accompanying documents and Practice Statement The new Conceptional Framework (March 2018) can be purchased separately to supplement the 2017/2018 Volume 1.

Volume 2: Audit, governance and legislation including (2016/2017)

Volume 2A(1) and 2A(2) International Audit StandardsVolume 2B SAICA and IRBA pronouncements, Afrikaans Translation (IRBA)

Volume 2C Applicable local legislationVolume 2D King IV CodeThe new SAICA Code of Professional Conduct (revised 2018) and ISA 540 (issued October 2018) can be downloaded below and printed for purposes of the ITC 2020.SAICA Code of Professional Conduct (Revised 2018) (1 Mb PDF) ISA 540 (issued October 2018) (3MB PDF)

Please note that it is more appropriate to purchase the 2018/2019 (latest) Volume 3: Tax legislation as significant changes are made to this book annually. The correct tax monetary amounts will be however continue to be included in the exam question paper where applicable.

Omissions in 2017/2018 handbooks

Please note that the going-concern decision tree was omitted in error from page 106 of SAAPS 3 (Revised) in volume 2B of the SAICA Student Handbook 2017/2018, should this be required during ITC 2020 a copy will be provided in the exam.

Omissions in 2018/2019 handbooks

(as relates to examinable pronouncements ITC 2020)

Volume 2B

We state in the Examinable Pronouncements – Auditing and Assurance ITC 2020: “In addition, pronouncements issued by the IRBA to be applied by auditors in South Africa, include: the IRBA Rules Regarding Improper Conduct and Code of Professional Conduct for Registered Auditors, South African Assurance Standards (SASAE), South African Auditing Practice Statements (SAAPSs), Circulars and Guides”

In previous versions (2017/2018 handbook) the IRBA Code of Professional Conduct and the Rules Regarding Improper Conduct was included in one document. At the time of finalising the index for Volume 2B, SAICA was unaware that the revised IRBA Code of Professional Conduct would exclude the IRBA Rules Regarding Improper Conduct. SAICA will therefore not expect ITC 2020 candidates to deal with the IRBA Rules Regarding Improper Conduct in the ITC2020 as stipulated in the Examinable Pronouncements.

Volume 3

Section 11F(4)(a)(ii)

Page 107
An “and” is omitted after the semi-colon of Section 11F(4)(a)(ii). Complying with the ITC regulations, which does not allow candidates to write anything inside permitted text (SAICA handbooks), candidates should be aware and reminded to interpret Section 11F(4)(a) and 11F(4)(b) together. SAICA believes this is apparent regardless of the omission of the ‘and’.From all the amendments to Section 11F it is clear that the intention is to tax contributions by an employer to a Retirement Annuity Fund as a fringe benefit and then to allow it for the employee as part of his/her section 11F deduction, however the current wording only applies to the 2020 year of assessment.Due to ITC 2020 examining the 2019 year of assessment, candidates need to be aware that the principle mentioned above must be applied for the 2019 year of assessment. SAICA will however not examine the technicalities with regard to the effective date of the amendments to the different provisions in the ITC 2020.

Section 18A(3A)(d)

Page 143
The prior years' inclusions of 66.6% and 33.3% have been removed, however it can apply to the 2019 year of assessment.Should SAICA examine Section 18A (3A)(d) in ITC 2020, candidates should use the rate in the new legislation (60% and 20%). In the event of candidates using the old legislation book, 66.6% and 33.3% will be marked as correct.Redrafted para 6 of the Second Schedule (Lump Sum)

Page 281
The wording for para 6(1) of the Second Schedule reflects amendments with a date of commencement of 1 March 2019, meaning the start of the 2020 year of assessment.This format stem from section 113 of Act 2013 (which is the revised format of par 6 assuming that the annuitisation of provident funds is effective), however we are unable to find any provisions deferring the implementation date of section 113 of Act 2013. The implementation date of section 113 of Act 2013 has been deferred every year in line with the deferral of the implementation of annuitisation of provident funds but was not deferred in the 2018 TLA Act.Due to ITC 2020 examining the 2019 year of assessment, should SAICA examine transfers, only transfers that are allowed under the old and new provisions will be examined.

Para 12A(4)(b) of the Eighth Schedule

Page 319
The following words after the annotations should not be included:“the debt benefit in respect of that debt, less any amount that has been applied to reduce any amount of expenditure as contemplated in subparagraph (3), must be applied to reduce any assessed capital loss of that person for the year of assessment in which the debt benefit arises”In compliance with the ITC regulations, candidates should remove the abovementioned words, by crossing it out.