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Professionalisation in South Africa - Coggle Diagram
Professionalisation in South Africa
Carey's Theory of Professions criteria
Ethical code
A licence or special designation used to recognise status
Standards governing admission
A public interest in the work that is performed by practitioners
A formal education process
Recognition of their social obligation
1.A body of specialised knowledge
Theory of Professions criteria in South Africa
South Africa Qualifications Authority (SAQA) is responsible for the recognition of professional bodies.
South African Institute of Chartered Accountants also known as SAICA, has adopted the International Ethical code for Professional Accountants that was released by the International Ethics Standards Board for Accountants’ (IESBA).
The Financial Reporting Standards Council (FRSC) in South Africa
South Africa has 12 professional accounting bodies, that address different objectives regarding accounting.
Examples
SAICA (South African Institute of Chartered Accountants)
CIMA (Chartered Institute of Management Accountants)
Educational requirements
Enroll for a B Com Accounting degree or an equivalent CA(SA) undergraduate qualification at a SAICA accredited university.
Complete your Certificate in the Theory of Accounting (CTA).
Obtain a bachelors degree
complete 3-year learnership with a Registered Training Office (RTO)
or an Approved Training Organisation (ATO)
Training after studying
Complete learnership
Complete part one of the Qualifying Examination
Complete specialist course
Complete part two of the Qualifying Examination after having completed a minimum of 18-months of the training contract.
Professional Bodies
Independent Professional Bodies
Body of accountants in the Orange Free State (1907)
Cape Society of Chartered Accountants (1908)
Association of certified and corporate accountants (ACCA)
Natal Society of Accountants (TSA) (1909)
Association of Practicing Accountants of South Africa (APA)
Society of incorporated Accountants and Auditors (SIAA) (1895)
Institute of Accountants and Auditors in South African Republic(IAASA) established in the Transvaal (1894)
IAASA and SIAA joined to form the Transvaal branch of society or incorporated accountants and auditors
South African Institute of Chartered Accountants (SAICA) (1980)