South African Institute of Professional Accountants

The trend that is being observed where fewer and fewer students are taking up Maths and Accounting, which is be a worrying trend to the Accounting Profession.
Executive of Technical and Training, Mrs Faith Ngwenya unpacks this in greater detail, including the effort that SAIPA is doing to support and encourage students in both these subjects.

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Professor Rashied Small discusses the results of PE Exams in greater details and gives comprehensive feedback on the performance of the Kimberley exams.

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The innovation hub of Standard Bank has come out with an exciting offering that is simply referred to as EDGE. It is designed to simplify the banking experience of the entrepreneur by allowing them to delegate that responsibility fully to their accountants, whilst they focus on growing their businesses. Zimkitha Zatu, the head of EDGE joins us to discuss this product and its amazing features.

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Standard Bank has taken a major step towards simplifying banking for Accountant and Entrepreneurs by being innovative. This is through the release of Edge, which is a uniquely innovative banking proposition. Mr. Zobuzwe Ngobese, the Executive for Communication and Marketing at SAIPA takes us through this product and the role of SAIPA in allowing for this product to grow.

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SAIPA has undertaken on a project to provide extra classes to Matriculants (Grade 12's) in Ivory Park and surrounding areas for Accounting and Mathematics students. This is done through what they have termed the "Winter Schools Project".
Group Executive for Marketing and Communications, Mr. Zobuzwe Ngobese sheds some light on the purpose of the current project and the future plans that the institution has to roll this out beyond the current scope.
Any interested parties (individual and corporate sponsors) to support this initiative can contact Mr. Ngobese on [email protected]

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The CIPC has decided to change the manner in which annual returns are submitted by practitioners in order to ensure uniformity and standardization. The multitude of various submissions is to minimize with the introduction of the concept of reporting via Extensible Business Reporting Language (XBRL). From what has been communicated, XBRL is a web-based computer language that is intended for business reporting and allows account numbers to be tagged within XBRL format, using predefined descriptions. This standardized tagging improves analysis of financial information and leads to more comparable and reliable information. SAIPA's Mrs. Faith Ngwenya, who is the Executive for Technical and Standards unpacks this further.

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The growth of SAIPA's members is moving in the planned direction. This is indicated by the recently released results for applicants who wrote the Professional Evaluation Examinations on the 25th May 2018. The group consisted of external candidates with no previous affiliation, members of the SAIPA Trainee Membership programme, and graduates of SAIPA’s Project Achiever programme. We speak to Professor Rashied Small on his views of the results.

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Earlier in May 2018, The South African Revenue Services made a proposition to cut tax season, this got different reactions from the different stakeholder groups.
Tax practitioners and industry bodies expressed concerns that this might bring about pressures on taxpayers and tax practitioners on meeting the new deadlines.
Later in the month, SARS made an official announcement on its website that it has decided to cut the 2018 tax season for non-provisional taxpayers (individual taxpayers who earn a salary and who do not have additional income sources such as interest or rental income) by one month to allow more time for finalising verifications and audits before year end. With this announcement, the indication is that SARS must have consulted with relevant stakeholder groups and got their buy-in.
Ms. Faith Mgwenya joins Nqobani Mzizi on business today in Africa to discuss this and how the South African Institute of Professional Accountants view this new development.

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When Finance Minister Malusi Gigaba delivers his inaugural Medium-Term Budget Policy Statement (MTBPS) on Wednesday this week (25 October), what were your expectations?
We speak to Ettiene Retief on the South African Institute of Professional Accountants (SAIPA) on what he thinks we should expect. This is arguably one of the toughest times for the state purse in South Africa.

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On our SAIPA (South African Institute of Professional Accountants) segment, I touch base with Professor Rashied Small who is the Executive of Membership and Training l at the institution.
We talk about the FASSET Project Achiever Programme and well as SAIPA’s drive into the public sector. They want to help professionalize the Public Sector. So you’re encouraged to listen.
Find us on Africa Business Radio (www.africabusinessradio.com) between 19h00 and 20h00 CAT.

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