Charter to solve shortages of CAs

THE Broad-Based Black Economic Empowerment Charter for chartered accountants has been published in the Government Gazette.

THE Broad-Based Black Economic Empowerment Charter for chartered accountants has been published in the Government Gazette.

The charter promises to help solve the critical skills shortage in the accountancy profession revealed in research conducted by the South African Institute of Chartered Accountants last year.

The research revealed that there was a shortage of 22000 accountants.

"To create an environment in which economic growth may continue while facilitating effective transformation, the skills profile of our profession must move towards reflecting the country's demographics," said Tsakani Matshazi, chairperson of the CA Charter Council and president of the Association for the Advancement of Black Accountants of Southern Africa.

Matshazi emphasised that the Charter's primary focus on skills development aimed at increasing the number of black (especially black women) Chartered Accountants in South Africa.

SAICA executive president Matsobane Matlwa said the Charter must be viewed against the background of the many positive transformation dynamics that were already in progress.

The intake at South African universities showed that whites were no longer the majority of prospective CAs (SA).

More females than males were passing the qualifying examinations.

The pipeline was looking increasingly transformed, with each race group moving identifiably toward reflecting the nation's demographics.

Matlwa was confident that the CA Charter would accelerate these "encouraging" trends. - Sowetan reporter

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