Members of ACCA (the Association of Chartered Certified Accountants) can now apply to become registered auditors in a move that will help alleviate talent shortages and widen diversity in the audit sector
Following accreditation last year by South Africa’s Independent Regulatory Board for Auditors, members of ACCA are now able to apply to become registered auditors in the country.
The development will help to alleviate the audit talent shortage. It will also further strengthen ACCA’s contribution to South Africa’s economy and society, including increasing inclusion and diversity in the audit sector.
Portia Mkhabela, Cluster Head of ACCA Southern Africa, said: ‘We’re delighted that the pathway for ACCA members and future members to gain registered auditor status in South Africa is now available.’
‘This is good news for our current members and students, and it will also increase the appeal of accountancy as a potential career for those just starting out.’
‘We’re also very much looking forward to working with employers of auditors on the opportunities this offers them in terms of strengthening the talent and skills of their teams.’
Jamil Ampomah, ACCA Director – Africa, said: ‘This recognition is a positive reflection of the quality of the ACCA Qualification, the professional standards of our members, and our well-established presence in South Africa.’
‘It will bring new opportunities for our members and future members. It will also help employers in the audit sector by increasing the size and diversity of their talent pool.’
ACCA as an addtional professional body in South Africa has been awarded accreditation by the IRBA. ACCA was required to demonstrate how it met a rigorous set of criteria and have the application reviewed by an independent panel.
ACCA members applying to become registered auditors will need to meet audit experience requirements and have undertaken relevant exam options within the ACCA Qualification. They can then apply for ACCA’s South Africa Audit Qualification, which allows them to register for the IRBA’s Audit Development Programme, an up to 18-month process which leads to registered auditor status.
The skills of ACCA members in audit are also recognised through audit regulatory recognition in other countries such as the UK, Ireland and Zimbabwe. ACCA’s qualification model has been welcomed in South Africa throughout its long history in the country, providing a route to becoming an accountancy professional that is both inclusive and innovative.
To find out more about the pathway, please visit: www.accaglobal.com/southafricaaudit
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About ACCA
We are ACCA (the Association of Chartered Certified Accountants), a globally recognised professional accountancy body providing qualifications and advancing standards in accountancy worldwide.
Founded in 1904 to widen access to the accountancy profession, we’ve long championed inclusion and today proudly support a diverse community of over 252,500 members and 526,000 future members in 180 countries.
Our forward-looking qualifications, continuous learning and insights are respected and valued by employers in every sector. They equip individuals with the business and finance expertise and ethical judgment to create, protect, and report the sustainable value delivered by organisations and economies.
Guided by our purpose and values, our vision is to develop the accountancy profession the world needs. Partnering with policymakers, standard setters, the donor community, educators and other accountancy bodies, we’re strengthening and building a profession that drives a sustainable future for all.
Find out more at: www.accaglobal.com