This FAQ aims to inform and update members and stakeholders about the current state of what SAICA is doing to address allegations of improper conduct against CAs(SA) in an effort to restore trust in the profession.
Discipline Why is SAICA seemingly doing nothing to members who are alleged to have behaved unethically, illegally or have contravened the SAICA Code of Professional Conduct (the Code)?
What is SAICA doing to restore trust in the profession?
What happens when SAICA members are also registered auditors with the Independent Regulatory Board for Auditors (IRBA)?
When will so-called ‘high-profile’ members’ hearings be held?
How many cases are currently ongoing?
Can a guilty finding or sanction be appealed?
How fair and transparent is SAICA’s disciplinary process?
Why are some disciplinary hearings public and others not?
Generally what sanctions/penalties can SAICA impose on members found guilty of wrongdoing?
Apart from relying on investigations being conducted by other bodies like the IRBA, will SAICA be conducting its own investigations as well?
What would it take for an individual CA(SA) to be stripped of their designation?
Are all Chartered Accountants required to be registered with SAICA, and if so, does a lapse of such a membership mean an individual can no longer operate as a CA(SA)?
What has SAICA done to address reported unethical activities by its members?
Which persons does SAICA have professional authority over?
Complaints What can you complain about?
How do you lodge a complaint?
Who can lodge a complaint?
The Ntsebenza inquiry How long is the Ntsebentza Inquiry envisioned to run for and who will be conducting the inquiry?
Impact on trainee CAs(SA) How do these improprieties of experienced CAs(SA) affect prospective CAs(SA) who are currently completing training contracts?
NOCLAR SAICA has indicated that recent changes to its Code pertaining to NOCLAR will assist to stimulate greater accountability among organisations, help to protect stakeholders and strengthen the reputation of the profession. What does this refer to?
Who do the NOCLAR provisions apply to?
What are the objectives of NOCLAR?
Where can a member or associate get more information about NOCLAR?