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.
The AAT has become the first accountancy body to sign the Women in Finance Charter, which is designed to help achieve gender balance in the financial services industry
New government measures to target abuse of a VAT simplification scheme may have 'unwelcome consequences' for small businesses, says the institute
Fiona Wilkinson to take up the position in June 2017
The AAT will deliver the end point assessments for the apprenticeships