DESCRIPTION: |
Chartered Accountants (CAs) are responsible leaders who behave ethically in an organisation's value creation process. The primary role of a CA(SA) is to prepare meaningful information to stakeholders and interpret, analyse and evaluate such information for impactful decision-making. A CA(SA) should demonstrate ethical behaviour, professional competence and the potential for responsible leadership and value creation. |
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 Degree at NQF Level 7 (accredited by SAICA for CA(SA) purposes).
Bachelor of Accounting Science Honours at NQF Level 8; or
Postgraduate Accounting qualification at NQF Level 8. |
Experiential Learning or Experience |
Complete a minimum of a three-year training contract (learnership) with an organisation (training office) accredited by SAICA for this purpose. |
Competency Assessment |
SAICA requires successful completion of two qualifying examinations, namely the Initial Test of Competence (ITC) and the Assessment of Professional Competence (APC). SAICA sets and administers both exams.
The Initial Test of Competence (ITC)
To qualify for entry to the ITC, candidates must have passed the accredited postgraduate qualification. This qualification is valid for three calender years for purposes of admission to the exam. There are two examination opportunities per year for the ITC, namely in January and June of each year. It means candidates have a maximum of six attempts at the ITC.
The Assessment of Professional Competence (APC)
For members to qualify for entry to the APC, a candidate must have:
Passed the ITC,
Completed a minimum of 20 months of a registered training contract with an accredited training office,; and
Completed a professional programme with a SAICA accreidted provider.
The professional programme remains valid for three consecutive years. It means that the members must pass the APC within those three years; otherwise, the candidate will have to complete the a professional programme again. |
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) |
All SAICA members and associates are required to:
Undertake relevant Continuing Professional Development activities on an annual basis.
Follow an output-based measurement approach to Continuing Professional Development by demonstrating the maintenance and development of relevant competence by generating an annual Continuing Professional Development reflective plan.
Keep a record of the completed Continuing Professional Development reflective plan for a period of the most recent three calendar years.Submit a Continuing Professional Development reflective plan to SAICA when required to do so through SAICA's monitoring process.Submit an annual declaration to SAICA reporting on compliance with the Continuing Professional Development policy. |
Fees |
Ensure that the annual membership fee is paid. |