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Professionalisation of accounting in South Africa - Coggle Diagram
Professionalisation of accounting in South Africa
Mineral revolution
1894
Institute of Accountants & Auditors in the
South African Republic (IAASA).
1895
ZAR branch of the British body: Society of Incorporated Accountants and Auditors (SIAA).
IAASA + SIAA
Transvaal Branch of the Society of Incorporated Accountants & Auditors
Independent professional bodies
1904: ZAR
1907: Orange Free State
1908: Cape Colony
1909: Natal Colony
1910: Union of South Africa
1919: Natal and Transvaal societies same exams
1921: The South African Accounting Societies’ General Examining Board (GEB)
CA designation
1927: Chartered Accountants’ Designation (Private) Act of 1927
1945: Joint Council of Chartered Accountants of South Africa
1951: Public Accountants’ and Auditors Act, No 51 of 1951
1951: Public Accountants and Auditors Board (PAAB)
Protected the public interest
Conditions for registration
1962: Training process
1966: Joint Council’s name was changed to the National Council of Chartered Accountants
1970s: Qualifying exams and registration
1980: SAICA
1991: New Public Accountants and Auditors Act, Act 80 of 1991
Auditing Profession Act, No 26 of 2005 (APA)
Independent Regulatory Board of Auditors (IRBA)