SAICA is one of the founding members of the Global Accounting Alliance (GAA), an international accounting coalition consisting of the world's premier accountancy bodies. SAICA is the only African accountancy body in the alliance.
GAA's aim is to promote the delivery of quality professional services, support its global membership base, share information and collaborate on international accounting issues.
The alliance provides professional support to its 700 000 members throughout the world.
It also works with national regulators, governments and stakeholders, through member-body associations, and, where necessary, with other international accountancy bodies.
SAICA became involvemed in the formation of the alliance because of its realisation that there are increasing international opportunities for Chartered Accountants (CA(SA)s] from South Africa. Currently the number of members residing overseas totals 5 739, which is equivalent to 20 percent of SAICA's membership base.
The participation of SAICA in the GAA will benefit CA(SA)s and members who travel globally, ensuring they get support when they travel for work to all jurisdictions covered by the alliance. The nine institutes participating in the alliance have agreed to host CA(SA)s from other GAA institutes when residing in their jurisdiction. In general, such visitors will initially (for no fee) be able to:
- Receive electronic copies of the host institute magazine (where available);
- Receive electronic newsletters;
- Participate in CPD events at member rates;
- Participate in general networking events organised by the host institute at member rates;
- Access affinity products under the banner of the host institute at member rates where contracts with the product providers permit;
- Have access to facilities such as meeting (where available) at member rates; and
- In some institutes, have access to library and information services, technical helplines, and restricted areas of the institute's website.
For example, SAICA currently has 4 878 members working in the United Kingdom. This is equivalent to 13 percent of the total number of SAICA members, and as it is clearly not possible for them to access the South African institute's activities, it makes sense for them to benefit from access to the allied local UK institute.
Members of SAICA can arrange to benefit from the alliance in two ways:
- Contact SAICA before you leave South Africa, and have SAICA notify the destination institute Of your impending arrival.
- Call the respective institute (for example, The Canadian Institute of Chartered Accountants) when you arrive in a GAA jurisdiction, and make arrangements to register with them and receive their member services.
For GAA members visiting South Africa, the approach is the same: either call your home institute and alert them about where you are going, or call SAICA and register here when you arrive in South Africa.
While working or residing in South Africa, members of the GAA can access the services identified above, free of charge and membership will be reviewed on an annual basis.
GAA was formed in Sydney, Australia, in November 2005 and formally announced in April 2006. The GAA passport for member services was launched globally on 13 September 2006.
The alliance will be headed up by former Institute of Chartered Accountants of Australia (ICAA) CEO, Stephen Harrison.
Accountancy institutes participating in the GAA include:
- The South African Institute of Chartered Accountants (SAICA);
- American Institute of Certified Public Accountants (AICPA);
- Canadian Institute of Chartered Accountants (CICA);
- Hong Kong Institute of Certified Public Accountants (HKICPA);
- Institute of Chartered Accountants in England and Wales (ICAEW);
- Institute of Chartered Accountants in Ireland (ICAI);
- Institute of Chartered Accountants of Scotland (ICAS);
- Institute of Chartered Accountants in Australia (ICAA); and
- New Zealand Institute of Chartered Accountants (NZICA)
The current annual SAICA membership subscription for CA(sSA) living abroad will gradually be increased to the equivalent of local member's subscription, to ensure that they benefit from services rendered by the GAA.
The GAA will enhance service to members not living in South Africa.