A week ago, we lodged our objections to the proposed Chartered Accountants (CA) Charter and the response has been huge and positive. Even CAs are quietly encouraged by our robust response to this outrageous attempt to entrench Saica’s self-assigned role as the voice of the accounting profession. We know this because of the many words of encouragement we received after posting our response to the Charter.
The SA Institute of Business Accountants (Saiba) has been highly vocal in its criticism of the unwarranted privilege enjoyed by the SA Institute of Chartered Accountants (Saica) in the economic life of the country.
We are pleased to learn that several other professional accounting bodies have lodged objections on grounds largely similar to our own. These bodies include the SA Institute of Professional Accountants (Saipa), Chartered Institute of Management Accountants (Cima) and the Association of Chartered Certified Accountants (Acca).
Our objections to the CA charter are simply stated and can be found here. Simply put, in the name of promoting greater black participation in the accounting profession, the CA Charter deepens Saica’s hold on the profession. We at Saiba, and other many other professional bodies, are way ahead of Saica in terms of transformation and we deserve recognition for that. Read more on Accounting Weekly