Code Of Conduct

The Code of Professional Conduct of SAICA is consistent in all material respects with the Code of Ethics for Professional Accountants issued by the International Federation of Accountants (IFAC). IFAC has from time to time amended and revised its Code and SAICA has followed suit in order to maintain the consistency. We are governed by the following bodies: SAIPA (SOUTH AFRICAN INSTITUTE OF PROFESSIONAL ACCOUNTANTS & SAIBA (SOUTH AFRICAN INSTITUTE OF BUSINESS ACCOUNTANTS)

In 2001, IFAC adopted a conceptual framework approach for the section dealing with Independence. IFAC has now adopted a revised Code which establishes a conceptual framework for the entire Code to ensure compliance with the five fundamental principles of professional ethics. These principles are integrity, objectivity, professional competence and due care, confidentiality, and professional behavior. Under the framework, all professional accountants will be required to identify threats to these fundamental principles and, if there are threats, apply safeguards to ensure that the principles are not compromised. The framework applies to all professional accountants, both those in public practice and those in business, and government.

The revised Code also conforms to the International Framework for Assurance Engagements, issued by the International Auditing and Assurance Standards Board, and definitions contained in the International Standard on Quality Control (ISQC) 1.

The Board of SAICA has adopted the revised Code in its entirety, which has resulted in a reordering and renumbering of the sections of the Code, which will facilitate the easier insertion of later amendments. As SAICA’s Code had a number of additional sections which were either of local application or amplification of other sections, the Board has also agreed to the insertion of Section D into the Code, which applies to all professional accountants (as defined) in South Africa.

The members of this accounting practice hail with extensive Corporate Accounts and Finance Expertise and have served in the Accounting/Finance Fraternity for over 15 years.  We serve a client base spread across the republic, of which we service all sectors, small, medium, and large businesses.  Our in-house Auditing Team hails from Ex SARS Auditors.