By Nicolaas van Wyk, CEO of the SA Institute of Business Accountants (Saiba)
The CA “profession” is now officially recognised as the voice of the accounting sector.
If you’re an accountant and not a CA you should be outraged.
No prizes for guessing who drafted this piece of self-serving regulation called Codes Of Good Practice On Broad Based Black Economic Empowerment: Publication And Invitation For Public Comment On The Draft Chartered Accountancy (CA) Code.
The Code and its convoluted title is designed to knock you unconscious in three seconds flat so you don’t read it. That’s how awful bits of legislation make it through the corridors of power.
But it is being sold to us under the guise of promoting broader black economic empowerment in the profession. What it’s doing, though, is pushing the agenda and the financial interests of just one segment of the accounting profession, the SA Institute of Chartered Accountants (Saica), with an annual budget of roughly R800 million. Read the full article and read SAIBA’s response here