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|SOUTH AFRICAN QUALIFICATIONS AUTHORITY|
|Business Accountant in Practice|
|DESIGNATION ID||DESIGNATION TITLE|
|520||Business Accountant in Practice|
|PROFESSIONAL BODY||DESIGNATION STATUS|
|SAIBA - Southern African Institute for Business Accountants||Reregistered|
|SAQA DECISION NUMBER||REGISTRATION START DATE||REGISTRATION END DATE|
|The Business Accountant (SA) designation is awarded to:
In addition the applicant has to subscribe to the SAIBA Code of Conduct and adheres to the SAIBA CPD policy.
This BAP (SA) is ideal for persons that wish to obtain a license to practice as an accounting officer or independent reviewer.
A Business Accountant in Practice (SA) has access to valuable resources such as an online social network, SAIBA-sponsored research, a Job Board, a official magazine and newsletters.
The Business Accountant in Practice (SA) enhances the public trust in accounting practitioners and ensures that services of the highest standard are delivered.
|For the Professional Designation to be awarded, professionals must comply with the following minimum requirements:|
|Underlying Registered Qualification or Part Qualification:|
|Commerce Degree or commerce Diploma, minimum NQF Level 6 plus, 4 years relevant experience in an accounting of finance job or 3 years log book based experience in an accounting firm plus, to retain the designation 40 hours CPD per year.
Any one of the following qualifications are accepted by SAIBA on condition that relevant subjects are elected:
Note that there are more than 10 providers for each of the above and a separate submission is requested.
|Experiential Learning or Experience|
|SAIBA requires that applicants confirm 4 years relevant experience.
Experience should relate to:
The applicant verifies experience by submitting a CV and a confirmation letter from an employer or qualified professional. SAIBA may contact references.
It is the applicant's responsibility to perform a self-assessment on whether the performance indicators have been met. The applicants should request a supervisor, or principle in the or another member of SAIBA to provide an overall assessment whether the applicant is capable of achieving the stated performance indicators.
SAIBA may perform an independent verification of whatever form to determine whether the performance indicators have been met. This includes correspondence with supervisor, principles or the relevant SAIBA member that co-signed the ADM and assessments of a workplace.
|It is the applicant's responsibility to perform a self-assessment on whether the performance indicators have been met. The applicants should request a supervisor, or principle in the or another member of SAIBA to provide an overall assessment whether the applicant is capable of achieving the stated performance indicators.
SAIBA may perform an independent verification of whatever form to determine whether the performance indicators have been met.
This includes correspondence with supervisor, principles or the relevant SAIBA member that co-signed the self-assessment and assessments of a workplace.
Candidates may also be requested to submit a portfolio of evidence.
A person may apply for the professional designation based on recognition of prior learning (RPL) if some of the formal qualification qualifications requirements are not met.
Each case is dealt with on its own merits and must be accompanied with a portfolio of evidence supporting the RPL application.
|Designation RPL Statement|
|This Designation may be awarded through Recognition of Prior Learning.|
|In order to ensure the currency of professional knowledge and to retain the Professional Designation, the professional must comply with the following minimum requirements:|
|Code of Conduct|
|Members must adhere to the Professional Body Codes of Conduct and Ethics.|
|Continuing Professional Development (CPD)|
|CPD or Continuous Profession Development is the mark of professionalism. Obtaining CPD means that you invest in maintaining and expanding your knowledge base. In this way you are able to better serve your clients, charge higher fees and lower your overall risk.
It is therefore a requirement of SAIBA membership that all members must obtain CPD, and be able to demonstrate that they have obtained CPD. The SAIBA CPD policy is attached at the end of this page.
A member may obtain CPD in one of the following ways:
By no later than 1 July each year starting from 1 December 2009, all members must submit to the Institute an annual CPD declaration in the prescribed form which has been properly completed and signed. Failure to comply with this regulation may lead to removal from the register of members. Members should sign into the website and submit their CPD hour online.
Members must obtain at least 40 units per calendar year of acceptable CPD learning activities which are relevant to their work. One unit is equal to one hour spent on an acceptable CPD learning activity.
At least 25 units must be verifiable units. A unit will be verifiable if the member can prove that he or she was involved in an acceptable CPD learning activity. A unit will be non-verifiable if the member is unable to prove that the CPD learning activity has taken place.
A unit will be verifiable if the learning activity provides or includes the following:
Examples of learning activities, which may be either verifiable or non-verifiable, include:
One single, repetitive activity, for example, teaching introductory accounting to different audiences, should not constitute a member's total CPD activity. Members may carry forward a credit of up to 25 verifiable units from one year to the next. Members must obtain their CPD units in areas relevant to their work.
All members, regardless of their role, must:
All members that hold a license issued by SAIBA and/or carries on regulated activities e.g. accounting officer, independent review or tax practitioner work must:
All members shall maintain records of both verifiable and non-verifiable CPD units obtained and of the relevance of those units to their role. In the case of verifiable units, the records shall include proof that the individual was involved in an acceptable CPD learning activity. Such records shall be retained for three years and shall be subject to examination and verification by the Institute and shall be provided to the Institute upon their being requested in writing. Such records shall be provided within the deadline specified in the request, which shall be no later than fourteen days after the date of the request. Failure to comply with this regulation may lead to removal from the register of members.
|Ensure that the annual membership fee is paid.|
|PROFESSIONAL DESIGNATION PROGRESSION PATHWAY
(The Designation being reported on here is shown in italics.)
|Sequence||Designation ID||Designation Title|
|2||520||Business Accountant in Practice|
|PROFESSIONAL BODY WEB ADDRESS:|
|For more information on this Professional Designation, please visit www.saiba.org.za|