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The South African Institute of Chartered Accountants (SAICA) is the professional body responsible for the education, training, and professional development of chartered accountants in South Africa. Established in 1980, SAICA plays a vital role in maintaining the standards and governance of the accounting profession in the country.
Key functions and features of SAICA include:
1. **Education and Training**: SAICA oversees the education and training of aspiring chartered accountants (CAs(SA)), ensuring that they meet the necessary standards of professional competency.
2. **Professional Standards**: The institute sets and enforces professional and ethical standards for its members, contributing to the integrity of the accounting profession in South Africa.
3. **Advocacy**: SAICA advocates for the interests of the accounting profession and the public, engaging with regulatory bodies and government on issues impacting the sector.
4. **Membership**: Membership of SAICA is recognized globally, and being a CA(SA) is esteemed both locally and internationally.
5. **Continued Professional Development (CPD)**: SAICA promotes the ongoing professional development of its members through various training programs, workshops, and seminars.
6. **Resources and Support**: It provides various resources, guidance, and support to its members to help them stay informed about changes in laws, regulations, and best practices.
If you have specific questions or need more detailed information about SAICA, feel free to ask!
To become a student and a member of the South African Institute of Chartered Accountants the candidate needs to enroll for an Accounting degree or an equivalent CA(SA) undergraduate qualification at a SAICA accredited university. Once the degree is completed the student is required to complete his Certificate in the Theory of Accounting (CTA).
This course focuses on accounting, auditing, taxation and financial management. The course takes a minimum of one year and must be completed at a SAICA accredited university. Upon completion of CTA, the candidates are eligible to enter into a 3-year learnership with a Registered Training Office (RTO) (to specialise in auditing) or an Approved Training Organisation (ATO) (to specialise in financial management)
SAICA members serve on international accounting bodies including; the trustees of the International Financial Reporting Standards Foundation (IFRS Foundation), the International Accounting Standards Board (IASB), the International Financial Reporting Interpretations Committee (IFRIC) and the Council of the International Federation of Accountants (IFAC).
International contact and co-operation are fundamental to the standing and image of SAICA. Hence, the institute plays an influential role in the Eastern, Central & Southern African Federation of Accountants (ECSAFA). ECSAFA coordinates the development of the accountancy profession and promotes internationally recognised standards of professional competence and conduct in Eastern, Central and Southern Africa. SAICA was a charter member of the Pan African Federation of Accountants, which was inaugurated on 5 May 2011.
