What is a SAIPA Professional Accountant (SA)?

Have you wondered what a SAIPA Professional Accountant (SA) is and what they do? The potential job titles and designations in the Accounting Industry are plenty to choose from. The difference between a qualified versus unqualified Accountant is the following:

1. Unqualified – Completed their degree but chose not to obtain a professional membership for example SAIPA Professional Accountant (SA). These Accountants generally go into the commercial industry and are not able to sign off financial statements.
2. Qualified – These Accountants completed their degree, completed a three-year traineeship, and then wrote a board exam. They are qualified to sign off on Annual Financial Statements. On writing their SAIPA PE Exam they obtain the designation of Professional Accountant (SA).

A Professional Accountant (SA) obtains an NQF8 Qualification from FASSET as a Professional Accountant in Practice. 

SAIPA Accountants can perform many services including the following:

• Prepare financial reports in terms of required standards.
• Interpret financial reports and suggest solutions to problems.
• Assist with strategy planning and execution.
• Assist in the formulation of business plans and financial forecasts.
• Help control costs through cost accounting.
• Assist in identifying and managing risks.
• Advise on suitable business structures.
• Perform business or business unit valuations.
• Advise on relevant regulations – Human Resource, safety and environmental.
• Provide strategic Human Resource advice.
• Advise family businesses on financial and succession planning.
• Provide taxation services.
• Perform Independent Reviews.
• Performing BEE for EME: Mentoring and Coaching of Entrepreneurs.
• Other Agreed upon Engagements in business and financial services.

Frequently asked questions

What is a SAIPA Qualification?

A SAIPA Professional Accountant (SA) qualification empowers the accountant to perform various functions and issue reports as they relate to the Companies Act and Tax Legislation.

What NQF Level is a SAIPA Qualification?

The SAIPA Professional Accountant in Practice qualification is registered a level eight (NQF 8) on the National Qualifications Framework (NQF). In terms of legislation, SAIPA members are also recognized as Commissioners of Oaths.

Does SAIPA have exams?

The final step in obtaining the prestigious designation is writing the SAIPA PE Exam, this is a five-hour exam which is a culmination of the candidates studies and articles.

Who is a Professional Accountant?

Read our Blog - Who is a Professional Accountant? (zeeliepasa.co.za)

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