OUR STRATEGY, PERFORMANCE AND IMPACT
Stakeholder engagement is integral to SAICA’s activities, supporting both our advocacy efforts and the partnerships critical to delivering projects and strategic initiatives. Our objective is to maintain strong relationships with key stakeholders to create a collaborative, value-driven environment.
Engaging with a broad range of stakeholders enables SAICA to understand their needs and interests, ensuring appropriate responses that support community transformation, upliftment, and sustainable societal development. Effective stakeholder engagement translates these needs into organisational goals, laying a foundation for successful strategy execution.
SAICA’s stakeholders are categorised into strategic dependencies − those essential for implementing our strategy − and strategic benefactors, who benefit from its success. Stakeholder needs and interests are also vital inputs into the materiality determination process, as well as the identification of risks and opportunities.
Key stakeholders are determined based on SAICA’s material matters, relevance both locally and internationally, technical competence, reputation, financial sustainability, and service to the public interest, alongside how well expectations have been met.
In 2024, over 2 000 stakeholders participated in a survey to evaluate their overall satisfaction with SAICA’s participation, contribution, and influence. The stakeholder satisfaction score remained steady at 72%, consistent with 2023 results.
Notable score declines were observed among specific stakeholder groups. SAICA is investigating the root causes and will implement targeted initiatives to address these challenges.
Key themes that were topics of discussion for engagements during 2024 include:
Consultation on SAICA strategy 2024−2028
Concerns on SARS regulation of tax profession
ISSB sustainability reporting
Fraud and corruption prevention
Audit reform and audit quality
Reputation management and disciplinary updates
Capacitating and professionalising the public sector
Engagements with partner organisations and potential partners
Ethics
The state of the economy and current challenges in South Africa
Economic development initiatives to grow the South African economy
Establishment of the Centre for Audit Quality (CAQ)
Suitability of the ISA for LCE standard in South Africa
AI and digital competencies
Mental health