SAICA

Accountability in the Accounting Profession and SAICA’s role

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Johannesburg, Friday 13 April 2018 - Back in the day accountants were viewed as task-oriented, pedantic bean counters, typically cast as introverted, glass-wearing math geniuses. Today, however, the picture is quite different and the scope of work has broadened. What does remain consistent is they have always been expected to maintain the values of their professional code of conduct.

SAICA and KPMG part ways

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Johannesburg, 01 June 2018 – The South African Institute of Chartered Accountants’ (SAICA) Board has accepted KPMG’s offer to resign as SAICA’s external auditors, citing possible perceived independence concerns if they were to perform the 2018 audit as a result of the current SAICA-appointed Ntsebeza Inquiry which is looking into some of the former and current KPMG-employed Chartered Accountants and which will be concluding shortly. All the parties believe this is in the best interests of SAICA, its members and KPMG.

SAICA Board approves the issuing of public statements regarding the progress and outcome of its disciplinary hearings

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Johannesburg, 7 June 2018 – The South African Institute of Chartered Accountants (SAICA) has amended its by-laws to permit the issuing of public statements by the SAICA chief executive officer (CEO) regarding the institution of any complaint or investigation or action against a member once a draft charge sheet or a charge sheet has been issued to such member and such matter, complaint, investigation or action is, in the opinion of the CEO, in the public interest. This decision is aimed at ensuring that the transparency of the SAICA disciplinary processes is enhanced.

SAICA announces disciplinary proceedings against Mr. Anoj Singh

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Johannesburg, 19 June 2018 – The South African Institute of Chartered Accountants’ (SAICA) By-Laws permit the issuing of public statements by the SAICA chief executive officer (CEO) regarding the institution of any complaint or investigation or action against a member once a draft charge sheet or a charge sheet has been issued to such member and such matter, complaint, investigation or action is, in the opinion of the CEO, in the public interest. SAICA hereby informs stakeholders and the public that, after an extensive period of investigation, charges of misconduct have been preferred against Mr. Anoj Singh.

Thuthuka Chairman, Sizwe Nxasana on the decision to pursue a complaint against Khaya Sithole

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Johannesburg, 22 June 2018 – On 22 June 2018, the South African Institute of Chartered Accountants (SAICA) began disciplinary proceedings against accused member and former Thuthuka Bursary Fund (TBF) programme manager, Mr Khaya Sithole.  During the proceedings, Mr Sithole issued a statement on this and other matters. The Thuthuka Bursary Fund wishes to respond to the statements as they relate to the bursary fund.

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