Johannesburg, 21 August 2020 – In July 2019, the South African Institute of Chartered Accountants (SAICA) suspended Mr. Anoj Singh’s membership pending the outcome of his disciplinary hearing. Mr. Singh’s disciplinary hearing concluded in July 2020 and the SAICA Disciplinary Committee has made its final ruling, finding him guilty of 12 of the 18 charges proffered against him. The Disciplinary Committee has imposed the following sanctions, that:
- Mr. Singh be excluded from membership of SAICA;
- Mr. Singh’s name and the findings of the Disciplinary Committee be published; and that
- Mr. Singh pay a 50% contribution towards the costs incurred by SAICA in respect of his disciplinary case.
A redacted version of Mr. Singh’s disciplinary hearing outcome can be found on SAICA’s Governance website. It should be noted that the names of any third parties who were mentioned in the final ruling have been redacted because the specific individuals are outside of SAICA’s jurisdiction and therefore did not make representations. The published ruling relates to the conduct of Mr. Singh, the now former chartered accountant who was subject to the jurisdiction of SAICA.
Freeman Nomvalo, SAICA’s CEO, says: “SAICA takes all instances of members’ alleged contravention of the SAICA Code of Professional Conduct seriously and all of these matters are investigated, irrespective of the nature of the assignment or the individual member concerned. SAICA deals with all allegations without fear or favour. SAICA members who fail to uphold the highest ethical and professional standards compromise public and private sector institutions and the South African economy as a whole. SAICA is committed to ensuring that members operate in the public interest by taking the necessary steps to ensure a fair and equitable outcome of its disciplinary processes. This step confirms SAICA’s commitment to holding all its members accountable as well as an unwavering focus on serving the public interest which is the foundation of the chartered accountancy profession.”
The South African Institute of Chartered Accountants (SAICA), South Africa’s pre-eminent accountancy body, is widely recognised as one of the world’s leading accounting institutes. The Institute provides a wide range of support services to more than 50 000 members and associates who are chartered accountants [CAs(SA)], as well as associate general accountants (AGAs(SA)) and accounting technicians (ATs(SA)), who hold positions as CEOs, MDs, board directors, business owners, chief financial officers, auditors and leaders in every sphere of commerce and industry, and who play a significant role in the nation’s highly dynamic business sector and economic development.
Chartered Accountants are highly valued for their versatile skill set and creative lateral thinking, that's why all of the top 100 Global Brands employ Chartered Accountants.
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