KEEP UP TO DATE WITH ALL THE IMPORTANT COVID-19 INFORMATIONCOVID-19 RESOURCE PORTAL

FANews
FANews
RELATED CATEGORIES

Drive for Black CAs moves forward

10 May 2011 Deloitte

The BEE Charter for the accounting profession, which is due to be gazetted and implemented this month, focuses on skills development to improve the pipeline of Black Chartered Accountants in South Africa. Figures recently released by The South African Institute of Chartered Accountants (SAICA) show that the number of Black Chartered Accountants has risen 237% since 2002, however there are only 5302 Black CAs compared to their 25863 White counterparts.

In line with this drive, this year’s Association for the Advancement of Black Accountants in South Africa (ABASA) awards saw Deloitte being recognised for the fifth consecutive year for achieving the highest number of successful Black candidates in the 2010 qualifying accounting examination in Gauteng. ABASA was established in 1985 to promote the interests of Black men and women engaged in the accounting profession.

“There is no question that our profession has a long way to go in advancing Black Chartered Accountants, however this recognition from ABASA shows that we are on the right track. Deloitte has contributed 23% of all newly qualified African Black CAs into the South African market over the last 10 years. It is gratifying to see our transformation policies bearing fruit, and we remain committed to increasing the number of talented black CAs in the South African economy,” says Grant Gelink, Chief Executive of Deloitte.

Quick Polls

QUESTION

Financial behaviour experts suggest that today’s risk modelling methodologies ignore your client’s emotional ability / behavioural capacity. What are your thoughts on spicing up risk profiling tools to make allowance for your client’s financial behaviours

ANSWER

[a] Bring it on; my client’s make too many irrational financial decisions
[b] Existing risk profiling tools are adequate
[c] Risk profiling tools should be based on the model / rational client
[d] The perfect risk profiling tool is science fiction
fanews magazine
FAnews April 2021 Get the latest issue of FAnews

This month's headlines

Randsomware attacks... SA businesses' biggest risk
Know the difference - compliance vs ethics
Better business by virtue of Beethoven
The future of vaccines
Harmonisation of retirement funds
Call centres and the maze of auto-prompts
The next 18 to 24 months are going to be tough
Subscribe now