The SAICA Ethics Committee provides leadership and guidance on ethics-related matters to SAICA and its members, so that they are able to comply with their responsibilities to act in the public interest, with integrity, objectivity, professional competence, due care, confidentiality, and in compliance with all relevant laws and regulations.
The Ethics Committee’s functions and responsibilities include the following:
- Maintenance of the Code of Professional Conduct for Chartered Accountants (the Code). This includes, but is not limited to: monitoring, considering and responding to proposed modifications to the Code published by the International Ethics Standards Board for Accountants (IESBA); ensuring that the Code contains appropriate additional guidance relevant to a South African context; and making recommendations to SAICA’s Board in respect of amendments to the Code.
- Monitoring, considering and addressing emerging ethical issues that are relevant to the public interest responsibility of SAICA and its members. In addition, the Committee monitors and considers ethical issues arising from the disciplinary processes and proceedings of SAICA, as well as (to the extent that information is available and SAICA members are involved) other professional and regulatory bodies.
- Provision of leadership on behalf of SAICA in ethics-related communication, education and guidance, considering, developing and proposing appropriate means of educating members, trainee accountants and accounting students, communicating with them, and maintaining their awareness, on ethical issues.