VALUE CREATION

OUR STRATEGY, PERFORMANCE AND IMPACT

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Expectations met Improvement required Worsening Improving Stable

Alliance partners

How we engage, their role in value creation and how we address these interests

Strategic Pillars
Material Matters
Their material interests
  • Compliance with international professional and related standards
  • Recognition agreements with professional accountancy organisations
  • A unified African profession and participation in the Pan African Federation of Accountants
  • Developing an international brand
  • South African inputs on key professional and technical issues
  • Pathways to adopting sustainability reporting standards in South Africa
  • Adopting ISSB Standards in South Africa
How we engaged
  • Meetings with ISSB
  • Participated in meetings as a board member of PAFA, GAA and CAW and meetings with alliance partners leadership
  • PAFA CEO engagement with ExCo
  • SAICA attendance at the PAFA roundtables
  • Council for Medical Schemes (CMS) participation at medical schemes group
  • Meetings with RCB Forum
  • Meeting with the South African representatives on the IAASB
How we addressed these interests in 2024
  • SAICA attendance at ISSB SA roundtables
  • Members were invited to attend the PAFA sustainability week
  • Supported PAFA in developing the accountancy profession across Africa, enhancing standards, and building capacity
  • SAICA presented the RSA position on the adoption of the ISSB sustainability reporting standards at the regulatory roundtables together with the CIPC and IRBA
  • SAICA team participates on the GAA and CAW sub-committees that addresses the key matters affecting the accountancy profession
  • Engagement and collaboration in addressing concerns on SARS regulation of tax profession, SARS system systemic error matters and enhancing tax practitioner personal tax compliance
  • Provided a platform for the IAASB to update SAICA members of developments
  • Provided updates on areas of collaboration with CMS
Risks / opportunities
  • Uncertainty regarding regulatory decisions on the future of sustainability reporting
  • Promoting the value of the accountancy profession
  • Developing a strong international brand
  • Support the roll out of the ISSB IFRS Sustainability Disclosure Standards in the country
Strategic response
  • Implementation of the sustainability plan embedded in SAICA’s strategy
Key metrics and objectives tracked to monitor value delivered
  • Alliance partners engagement score = 87% (FY23: 82%)
  • Value delivered
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