SAICA suspends Markus Jooste’s membership pending finalisation of disciplinary proceedings

Johannesburg, 25 July 2019 –  The South African Institute of Chartered Accountants (SAICA) has suspended Mr. Markus Jooste’s membership pending the finalisation of disciplinary proceedings against him. Jooste tendered his resignation from SAICA in a letter received from his lawyers on 14 June 2019. Citing the reasons for his resignation, Jooste’s lawyers allege that the…

SAICA’s response to the Overview Forensic Investigation report into Steinhoff, released on 15 March 2019

Johannesburg, 24 June 2019 – The South African Institute of Chartered Accountants (SAICA) established the Ntsebeza Inquiry in November 2017 following wide-spread reports of wrongdoing by KMPG relating to the audit of Gupta companies and the SARS Report amongst others. KPMG audited the group of Gupta companies that were implicated in corruption. KPMG also conducted…

Evaluating trust in the accountancy profession

Johannesburg, 03 December 2018 – New independent, international research indicates high trust in Chartered Accountants and points to the need for them to lead on protecting data and driving ethical behaviour and transparent business practices. On behalf of Chartered Accountants Worldwide (CAW), Edelman Intelligence surveyed over one thousand business leaders and key decision makers across…

Almost 2 000 previously disadvantaged students in the pipeline to become CAs(SA)

Johannesburg, 22 November 2018 – The South African Institute of Chartered Accountants (SAICA) is delivering a steady stream of qualified CAs(SA) from previously disadvantaged groups into the financial and accounting sector through its Thuthuka Nation Building project, transforming the profession while building our nation in line with the vision of the National Development Plan (NDP).…

Upcoming disciplinary hearings

Johannesburg, 8 November 2018 – The South African Institute of Chartered Accountants’ (SAICA) by-laws permit the issuing of public statements by the SAICA chief executive officer (CEO) regarding the institution of any complaint or investigation or action against a member once a draft charge sheet or a charge sheet has been issued to such member and…

SAICA’s response to the VBS Mutual Bank report released by Advocate Terry Motau SC on 10 October 2018

The South African Institute of Chartered Accountants (SAICA) takes note of The Great Bank Heist, Advocate Terry Motau SC’s forensic report on the alleged fraud that took place at VBS Mutual Bank. In the interest of transparency, SAICA acknowledges the following Chartered Accountants [CAs(SA)] have been implicated in this report and would like to confirm that…

SAICA vows to maintain the integrity and ethical standards of the chartered accountancy profession in South Africa

Johannesburg, Friday 15 September 2017 – Following ongoing media reports of purported unethical behaviour by Chartered Accountants, the South African Institute of Chartered Accountants (SAICA) has affirmed its absolute commitment to maintain the integrity and ethical standards of the chartered accountancy profession in South Africa. With regard to the recent management change developments at KPMG, the…