SAICA

Should our confidence in financial reporting be shaken?

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Johannesburg, 15 December 2017 - South Africa has adopted International Financial Reporting Standards (IFRS). These are global financial reporting standards developed and approved by the International Accounting Standards Board (IASB), an international, independent private sector body. The IASB has a robust and transparent due process, detailed on its website, of how these standards are developed and approved.

SAICA vows to maintain the integrity and ethical standards of the chartered accountancy profession in South Africa

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Johannesburg, Friday 15 September 2017 - Following ongoing media reports of purported unethical behaviour by Chartered Accountants, the South African Institute of Chartered Accountants (SAICA) has affirmed its absolute commitment to maintain the integrity and ethical standards of the chartered accountancy profession in South Africa.

WEF Global Competitiveness Report - A time for reflection

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Johannesburg, Monday, 2 October 2017 - The World Economic Forum's Competitiveness Report 2017-2018 that was released last week, shows that South Africa's overall ranking has declined from 47 to 61 (out of 137 countries included in the recent report). The global competitiveness index (GCI) comprises 114 indicators, which are grouped into 12 pillars. One of these indicators, of particular interest to SAICA, is the strength of the country’s auditing and reporting standards. South Africa has not retained its number one position in this regard, and is now ranked 30th.

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