Even CAs are quietly encouraged by our robust response to this outrageous attempt to entrench SA Institute of Chartered Accountants' (Saica’s) self-assigned role as the voice of the accounting profession.
The SA Institute of Business Accountants (Saiba) has been highly vocal in its criticism of the unwarranted privilege enjoyed by 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: 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 many other professional bodies, are way ahead of Saica in terms of transformation and we deserve recognition for that.