| DESCRIPTION: |
| N/A |
| AWARDING CRITERIA |
| For the Professional Designation to be awarded, professionals must comply with the following minimum requirements: |
| Underlying Registered Qualification or Part Qualification: |
Bachelor of Commerce Honours at NQF Level 8 with Financial Accounting, Management Accounting, Taxation, and Auditing or Internal Auditing.
Or
A related comparable qualification at NQF Level 8. |
| Experiential Learning or Experience |
At least 4 years of relevant post-qualification experience is required. The candidate must have achieved the experience at a senior level or 3 years' log book-based experience in an accounting firm.
The work experience must relate to:
Ethics, Governance, Non-Financial risk, Communication, Self-management, Use of Information Technology (IT), Project management, Prepare and interpret financial statements and management information, Management and control of budgets, Evaluate and compute taxes and decision making. |
| Competency Assessment |
| Competency assessment takes the form of a self-assessment whereby the candidate completes an assessment form. The self-assessment is aligned to Southern African Institute for Business Accountants (SAIBA)'s competency framework for this Designation. The candidates' ability to integrate the academic skills acquired with the practical skills required in the workplace will be assessed. The candidate must demonstrate how the competencies were met and provide employer verification of the competencies achieved. In addition, each applicant is subject to a verbal assessment. Candidates have right to request an additional verbal assessment if they do not agree with the initial outcome. |
| Designation RPL Statement |
| This Designation may be awarded through Recognition of Prior Learning. |
| RETAINING CRITERIA |
| 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) |
| Candidates must obtain at least 30 units per calendar year of Southern African Institute for Business Accountants (SAIBA) approved Continuing Professional Development (CPD) learning activities which are relevant to their work. At least 15 CPD units must be verifiable units. A unit is verifiable if the candidate can prove that he or she was involved in an acceptable CPD learning activity. A unit is non-verifiable if the member is unable to prove that the CPD learning activity has taken place. All candidates are required to maintain records and report their CPD learning activities as this is a requirement for the maintenance of the professional Designation. |
| Fees |
| Ensure that the annual membership fee is paid. |
