The South African Institute of Professional Accountants
Note: SAIPA was previously known as the Institute of Commercial and Financial Accountants of Southern Africa (CFA)
Membership of SAIPA is achieved by satisfying the Institute's requirements in the following three areas:
- Academic
- Practical
- Professional evaluation
Academic
At Unisa, students register for and complete either the degree of Bachelor of Accounting Science (BCompt), or one of the following BTech degrees:
- BTech: Cost and Management Accounting
- BTech: Internal Auditing
- BTech: Taxation
Practical
The practical component consists of either:
- Three years' supervised training at an Approved Training Centre. The training is monitored by way of an official training logbook which is kept up to date by the trainee accountant and principal.
- Continuous assessment of the practical training is done by Electronic Simulated Assessments (ESA).
- The three years' supervised practical training must be registered as a Learnership with Fasset (the relevant Seta for accountants),
OR
- Six years' relevant, verifiable experience. Experience will be verified using the official training logbook as a basis of reference.
- Professional evaluation
A Professional Evaluation (PE) must be satisfactorily completed before registration as a Member of the Institute can be finalised. The PE currently consists of a three-hour written evaluation and evaluates candidates' ability to integrate academic knowledge with practical skills required in the workplace.
Apart from practising for their own account as accounting officers of close corporations, the professional accountant is often employed as a financial accountant.
For more information, please visit SAIPA's website at: http://www.saipa.co.za
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