INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF SA

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INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF SA

• Presentation to the Parliamentary
• Portfolio Committee on Finance
• Auditing Profession Bill
• 13 October 2005

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CPA REPRESENTATIVES

• Saleem Kharwa
• President
• B Com. Accounting
• B Com. (Hons)
• M Tech
• M Com.
• CPA (SA)
• PNA (Australia)
• Jan Bothma
• Vice President
• B Com.
• CPA (SA)
• PNA (Australia)
• Sumara Region Accountants (Russia)

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CPA REPRESENTATIVES

• Mike Bester
• Vice President
• B Admin
• B Admin (Hons) Accounting
• Higher Diploma Tax
• Certificate in Administration of Estates
• CPA (SA)
• PNA (Australia)
• Papa Mkwane
• National Diploma Internal Auditing (TSA)
• Certificate of Fraud and Forensic Investigation
  (UP)
• Audit Committee Member of the CPA (SA)
• CPA(SA) Member on the Accounting Practice Board
• CPA (SA)

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CPA Representatives

• Mary-Ann Dougan
• B Compt. (UNISA)
• B Compt. (Hons) (UNISA)
• Former National Committee Member of ABASA
• Former Education Committee Member of ABASA
• CPA (SA)
• Shahied Daniels
• CEO
• National Diploma Internal Auditing
• Certificate in Tax (UNISA)
• PMD
• Advanced Diploma Management (UCT-GSB)
• CPA(SA)
• International Affiliate AICPA
• PNA (Australia)

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CPA REPRESENTATIVES

• Elsabe Conradie
• Chief Operating Officer
• BA Communication (UFS)
• MBL (UNISA)
• PhD (UP)
• Member of PRISA, MFSA, SACOMM, BMF
• Nicolaas van Wyk
• Technical Executive
• B Com. (UP)
• B Com. (Hons) Financial Management (UP)
• CPA (SA)
• Member ECSAFA Standard Setters Task Group
• International Affiliate AICPA
• David Venter
• MA Psychology, B Ed (Psychology), DBA (Project
  Management)
• Registered Psychologist

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SCOPE OF BILL

• To regulate all financial and non-financial
  opinion and assurance providers?

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TITLE OF BILL?

• ASSURANCE PROFESSION BILL
• OR
• EXTERNAL COMPANY AUDITOR BILL

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TYPES OF BUSINESS ENTITIES
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IMPACT ON SMALL BUSINESS DEVELOPMENT AND
ECONOMIC GROWTH?
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ACCOUNTANCY DISCIPLINES
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• The issue of corporate governance and in
  particular the role of the auditing firms has
  once againdominated headlines. The Enron debacle
  has brought into sharp review a number of key
  issues weak or non-existing governance
  structures, the fiduciary responsibility of
  directors, negligent and sometimes reckless
  management, ineffective auditing, independence of
  auditors, and conflicts of interest arising from
  inadequate separation between auditing and
  consultancy.
• Honourable Minister of Finance, TA Manuel MP

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• We support the following objectives of the Bill
• The affirmation of the independence of auditors
• Public protection
• Investor confidence
• Corporate governance
• The differentiation between the role of the
  auditor and other accountancy providers