South African Institute of Chartered Accountants
| Abbreviation | SAICA |
|---|---|
| Motto | Integritas |
| Predecessor | The Institute of Accountants and Auditors |
| Formation | 1894 |
| Legal status | Chartered Body |
| Objective | Regulate the auditing and accounting profession in South Africa |
| Headquarters | Johannesburg, South Africa |
| Region served | South Africa |
| Member's designations | CA(SA), AGA(SA), AAT(SA) |
| IFAC member since | 1977 |
| Website | www |
The South African Institute of Chartered Accountants (SAICA), is a professional accountancy body in South Africa.
As of August 2013, the institute has over 36 000 members.SAICA provides support, advice and services to its CAs throughout their professional lives. SAICA members are business advisors, business leaders and entrepreneurs. SAICA members can use the CA(SA) designation.
To become a student and a member of South African Institute of Chartered Accountants the candidate needs to enroll for a B Com 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 is constituted of four local regional offices as well as two international representative offices, which serve members based in those respective regions. The regions are as follows;
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 is 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.
SAICA is also a member of the Global Accounting Alliance (GAA) – an alliance of the world’s leading professional accountancy bodies, which was formed in 2005. The GAA is intended to promote quality services, share information and collaborate on important international issues. It works with national regulators, governments and stakeholders, through member-body collaboration, articulation of consensus views, and working in collaboration, where possible with other international bodies, especially IFAC.
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