SAICA is currently working on a project which is aimed at assisting its members and associates to prepare for their roles as these evolve (or completely change) in the future. This project is known as “CA2025”, representing the initial work which will be to look at the future roles CAs(SA) might hold, define what competencies these roles require and to ensure that at both the pre-and post-qualification stages that such competencies (knowledge, skills and attributes) can be acquired and developed. The “2025” merely represents a point in the future and not a fixed point in time as we will have to continue to evolve as the world around us changes beyond the year 2025.
We live and work in a VUCA world – Volatile; Uncertain; Complex and Ambiguous. In a world of exponential and continuous change, it has become more critical than ever to ensure that accountants remain relevant in the roles they perform. As technology continues to improve and is more and more prevalent to everything that accountants do, so this creates both challenges and opportunities for current and future members / associates of SAICA.
The project starts by developing a competency framework which defines what an entry level chartered accountant should be able to do as the base preparation for the roles they are likely to fill in the future. Please find a copy of the draft framework here… An entry level chartered accountant is one who has completed the academic, training and assessment programmes of SAICA. It is the point at which one can register to become a CA(SA).
This project will then be used to:
- Inform the process for qualifying CAs (all aspects of the qualification process will be reviewed to see that it is fit for purpose and can deliver CAs who have the competencies defined);
- Define competencies for different roles and different levels post qualifying as a CA(SA);
- Inform the SAICA offerings (content and nature of offering) as they relate to the development of these competencies for these different roles.
Critical to this project is also the proposed new CPD policy which moves measurement of lifelong learning, for the purpose of professional body reporting, from input (hours) to output (competence relevant to your role). This requires that as professionals we embrace the skill of lifelong learning which is more critical as accountants of the future are likely to have to learn, relearn and unlearn at great pace in order to remain relevant.
As part of the process to get feedback from all SAICA stakeholders we would like to invite you to image the future roles of the CA(SA) and discuss the most relevant issues that face CAs(SA) as well as which competencies are more important. To date the project has included focus groups, a member wide survey as well as face to face interviews with a broad spectrum of stakeholders to obtain their views.
The objective is having, received comment from you our stakeholders on this draft framework, that we complete the entry level framework by 30 June 2019.
This project ultimately affects each and every one of you and we invite you to share your thoughts and comments with us. It is also a great opportunity to shape the way future CAs(SA) are developed.
If you would like to be contacted for a personal interview by the research team, please send a mail with your contact details to CA2025@saica.co.za.