This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

South African Institute of Chartered Accountnts' Submission to the Ministerial Review Panel

  • South Africa Image

03 Apr 2003

On 5 December 2002 the Minister of Finance established a panel to review the Draft Accountancy Profession Bill. The general objective of the Panel is to promote the continued integrity of financial markets through the effective regulation of auditors and accountants and the Panel is to make recommendations to the Minister by the end of July 2003.

It is expected that the revised Bill will be presented to Cabinet towards the end of the year.

The Panel has requested all interested parties to comment on its terms of reference and related matters. The terms of reference, inter alia, include the structure of the regulatory framework, auditor rotation, disciplinary procedures for auditors and executive management of companies, accounting standards, etc. SAICA has submitted a comment letter to the Panel where its views on these matters and other related issues are put forward. This comment letter is available on the SAICA website.

Related Topics

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.