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ACADEMIC AND PROFESSIONAL STEPS REQUIRED TO BECOME A CA (SA) - Coggle…
ACADEMIC AND PROFESSIONAL STEPS REQUIRED TO BECOME A CA (SA)
THEORY OF PROFESSIONS
(LECTURE 1)
Profession Definition
An organization of people with common background skills and interests who comply with an accepted corporate discipline
Carey's 7 Criteria of a Profession
(John L Carey) (1969)
1.
A body of specialized knowledge
2.
A formal education process
CA (SA)
Accounting degree
Demonstrate mastery: Articles of clerkship
3.
Standards governing admission
Training
Entry exam
4.
Code of ethics
5.
A recognized status indicated by a license or special designation
Title of Chartered Accountant
6.
A public interest in the work that practitioners perform
Position of trust
7.
Recognition of their social obligation
Community service as part of training or to maintain designation
Professionals required to become members of a professional body -
South African Institute of Chartererd Accountants (SAICA)
Defining Professionalization
Maintaining professional status
Role of professional bodies
Ongoing process
Ongoing training
PROFESSIONALIZATRION OF ACCOUNTING IN SOUTH AFRICA
(LECTURE 4)
SAICA
established in 1980
Professional Features
Same entry exams
Uniform conditions for admission, exams and service under clerkship
CA Designation
Negotiations with Government departments
Registration requirements for all SA accountants and auditors
Conditions for registration, exams, articles of clerkship and training
Independent Regulatory Board for Auditors (IRBA)
Education
Training
Professional development
Regulating conduct, ethics and standards
Standardization
SPECIFIC STEPS TO BECOME A CA (SA)
Enter a 3-year training contract with a SAICA accredited training office
Study for and pass the 2 SAICA qualifying exams
Initial Test of Competence (ITC)
Assessment of Professional Competence (APC)
Complete a BCom undergraduate and postgraduate degree (Certificate in the Theory of Accounting [CTA] or equivalent) from a university accredited by SAICA