News Articles and Press & media releases

Over 2 000 learners will boost academic performance during the holidays
Over 2 000 learners will boost academic performance during the holidays
Category
Johannesburg, Tuesday 19 June 2018– The South African Institute of Chartered Accountants (SAICA) hosts annual development camps that further learners’ social and career development, and harness their potential to produce the quality pass rates needed to study towards one of the country’s professions of high demand, also known as scarce-skills professions. This July holiday, over 2 000 learners from all over the country have been invited to attend these camps.
SAICA alerts SGBs to beware of fake auditors and accounting officers
SAICA alerts SGBs to beware of fake auditors and accounting officers
Category
Johannesburg, 15 June 2018 – As the 30 June 2018 deadline for submission of audited or examined financial statements for public schools looms, The South African Institute of Chartered Accountants (SAICA) alerts public School Governing Bodies (SGBs) to be aware of individuals and firms that will be holding out as auditors or accounting officers and offering to provide audit or examination services to the schools.
SAICA Board approves the issuing of public statements regarding the progress and outcome of its disciplinary hearings
SAICA Board approves the issuing of public statements regarding the progress and outcome of its disciplinary hearings
Category
Johannesburg, 7 June 2018 – The South African Institute of Chartered Accountants (SAICA) has amended its by-laws to permit the issuing of public statements by the SAICA chief executive officer (CEO) regarding the institution of any complaint or investigation or action against a member once a draft charge sheet or a charge sheet has been issued to such member and such matter, complaint, investigation or action is, in the opinion of the CEO, in the public interest. This decision is aimed at ensuring that the transparency of the SAICA disciplinary processes is enhanced.
The role of financial reporting in promoting economic growth
The role of financial reporting in promoting economic growth
Category
Johannesburg, 06 June 2018 – “Laws and regulations in South Africa govern the preparation of financial statements for companies. Companies have the option to either apply International Financial Reporting Standards (IFRS) or International Financial Reporting Standards for Small and Medium-sized Entities (IFRS for SMEs) when preparing financial statements except some companies with a public interest score below 100,” says Bongeka Nodada, SAICA Project Director: Financial Reporting.
SAICA signs a cross membership recognition agreement with India
SAICA signs a cross membership recognition agreement with India
Category
Johannesburg, Tuesday 5 June 2018 - Given today’s global business environment, having the ability to work across borders is essential for business success. This is especially true for the chartered accountancy profession—and to make global professional mobility easier for its members, the South African Institute of Chartered Accountants (SAICA) has in recent years put a number of recognition agreements in place with accountancy bodies around the world. Yesterday, SAICA added the Institute of Chartered Accountants of India (ICAI) to this growing list.
SAICA and KPMG part ways
SAICA and KPMG part ways
Category
Johannesburg, 01 June 2018 – The South African Institute of Chartered Accountants’ (SAICA) Board has accepted KPMG’s offer to resign as SAICA’s external auditors, citing possible perceived independence concerns if they were to perform the 2018 audit as a result of the current SAICA-appointed Ntsebeza Inquiry which is looking into some of the former and current KPMG-employed Chartered Accountants and which will be concluding shortly. All the parties believe this is in the best interests of SAICA, its members and KPMG.
NTSEBEZA INQUIRY WRAPPING UP
NTSEBEZA INQUIRY WRAPPING UP
Category
Johannesburg, 28 May 2018 - The Ntsebeza Inquiry is entering the final stage of its work. This is according to Adv. Dumisa Ntsebeza SC, who said that the Panel is currently wrapping up and will soon start to write its report.
SARS Inquiry Terms of Reference
SARS Inquiry Terms of Reference
Category
Johannesburg, 28 May 2018 – The South African Institute of Chartered Accountants (SAICA) welcomes the South African Revenue Services (SARS) Inquiry Terms of Reference, which inquiry will be led by retired Judge Robert Nugent.
To fix dysfunctional municipalities, you must start from the ground up
To fix dysfunctional municipalities, you must start from the ground up
Category
Johannesburg, Thursday 24 May 2018 – Auditor-General Kimi Makwetu, yesterday released municipal audit outcomes for the 2016/17 financial year. Makwetu revealed two worrying points: the first was that municipal irregular expenditure has increased by 75% to R28.4 billion (the highest since the AG started tracking the values); the second was that out of the country’s 257 municipalities, only 33 (13%) managed to receive a clean audit.
Advice for graduates struggling to gain the experience they need to get a job
Advice for graduates struggling to gain the experience they need to get a job
Category
According to the quarterly report from Stats SA released in February, South Africa’s unemployment rate dropped to 26.7% in the fourth quarter of 2017 – a 1% drop from previous figures. While on the surface this appears to be good news, what it does not show is that 3.1 million people (nearly one third of South Africa’s total unemployed figure) are youths aged between 15 and 34 years old.