The SA Institute of Business Accountants (Saiba) intends kicking down the door of privilege that benefits some accountants over others, Saiba CEO Nicolaas van Wyk told a packed room of accountants and other professionals in Sandton on Wednesday.

“We’re sick and tired of a closed market,” he told the delegates attending a panel discussion on the impact of the Fourth Industrial Revolution (4IR) on the accounting profession.

“We made a noise about the Empowerment Charter for CAs and that has had an impact,” he said.

This was after Sabia launched a media campaign to highlight the original charter’s attempt to entrench privileges for CAs to the detriment of others in the accounting profession, such as bookkeepers, management and cost accountants and tax specialists.

The Charter is being recast to open the doors of opportunity to all accountants, including Saiba members.

Saiba had developed strong relationships with universities such as Stellenbosch and University of SA (Unisa) and was collaborating with academics for the launch of a specialised BComm degree aimed at chief financial officers. Read more on Accounting Weekly.