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Professionalization of Accountancy in South Africa - Coggle Diagram

- - - - The PAAB required all South African accountants and auditors to pass final qualifying exams serve at least six years of practical experience, and comply with admission requirements of an accounting society to be admitted as a member of a South African accounting society.
      - The PAAB also required all South African accountants and auditors to be at least 21 years of age, have passed prescribed examinations and have completed 5 years of articled clerkship (with university graduates only required to have completed 3 years of articled clerkship).
      - The PAAB established the authorities and tasks of auditors including:
        
        Conditions for issuing unqualified certificates of accounts.
        
        Standard principles of auditing, that is, unrestricted access to books and accounts, documentation to show true and fair value of a business' financial statements, access to all information, existence of all assets, and non-interference in the business which is being audited.
- - - - At first, only accountants who had passed required examinations prescribed by chartered societies and had completed the required years of articled clerkship, stipulated by the chartered societies, were allowed to call themselves, "Chartered Accountants, CA (SA)".
        
        With the passing of the Public Accountants' and Auditors' Act, No. 51 of 1951, the restriction of the "CA" designation to only accountants who were members of the chartered societies, was no longer permissible.