The South African accounting profession has released its own charter, the
Broad-Based Black Economic Empowerment (B-BBEE), in an effort to increase the
number of black accountants in its ranks.
Institute of Chartered Accountants (SAICA) executive president, said that,
since 1976, only 912 Africans had completed the requirements to register as
chartered accountants – a number which compared unfavourably with the total of
26,803 CAs in SA.
He said the charter was ‘to create an environment in which economic growth
may continue while facilitating effective transformation, the skills profile of
our population must move towards reflecting the country’s demographics while
still meeting growth needs and maintaining standards’.
Trevor Brown, Deloitte executive committee member, told SA business
publication Business Today that, over the past few years the firm had
invested more than R70m (?5m) in bursaries and getting people through
university. Eighty-percent of funding was earmarked for black students. Between
4,000 to 4,500 bursars (black and white) were supported over this period.
Engineering and technology executives have voiced concerns over the government’s industrial strategy and the need to fill the R&D funding and long-term investment gap in a post-Brexit Britain
This year’s Finance Act is 649 pages, the second longest recorded, and highlights the increasing complexity for taxpayers of an ever expanding tax code
The International Integrated Reporting Council (IIRC) and the CIPFA have launched an introductory guide for leaders on integrated thinking and reporting
Accountancy Age is delighted to reveal the shortlists for the 2016 British Accountancy Awards