Following the re-establishment of the Financial Reporting Standards Council (FRSC), the Minister of Trade, Industry and Competition, Ebrahim Patel, has appointed members to bolster the integrity of South Africa’s financial reporting ecosystem and promote and enhance the global recognition of the country’s accounting standards.

The South African Institute of Chartered Accountants (SAICA) encourages taxpayers issued with an auto assessment from the South African Revenue Service (SARS) to carefully examine it before treating it as correct.

Following recent reports in the media on the status of UNISA’s programmes accredited by SAICA, we reiterate our previously communicated stance that UNISA retains its SAICA accreditation.