News Articles and Press & media releases

Below are just a few of the latest 2018 press releases:

THUTHUKA CHAIRMAN, SIZWE NXASANA ON THE DECISION TO PURSUE A COMPLAINT AGAINST KHAYA SITHOLE
THUTHUKA CHAIRMAN, SIZWE NXASANA ON THE DECISION TO PURSUE A COMPLAINT AGAINST KHAYA SITHOLE
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Johannesburg, 22 June 2018 – On 22 June 2018, the South African Institute of Chartered Accountants (SAICA) began disciplinary proceedings against accused member and former Thuthuka Bursary Fund (TBF) programme manager, Mr Khaya Sithole.  During the proceedings, Mr Sithole issued a statement on this and other matters. The Thuthuka Bursary Fund wishes to respond to the statements as they  relate to the bursary fund.
SAICA announces disciplinary proceedings against Mr. Anoj Singh
SAICA announces disciplinary proceedings against Mr. Anoj Singh
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Johannesburg, 19 June 2018 – The South African Institute of Chartered Accountants’ (SAICA) By-Laws 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.
Website Maintenance
Website Maintenance
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Johannesburg, 18 June 2018 - SAICA will be undergoing a major planned maintenance routine on its websites from 27 June to 1 July 2018.
Over 2 000 learners will boost academic performance during the holidays
Over 2 000 learners will boost academic performance during the holidays
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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
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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
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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
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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
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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
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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
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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.