Breaking News
recent

6 Steps to become a Chartered Accountant in South Africa






Step 1.

Make sure you get a University Entrance Matric with good marks in Maths and Accounting (these will form the base of your knowledge and, while the actual subject content is not earth shatteringly useful, the logic and process of thinking is vital).


Step 2.

Enroll at a university for a degree that is SAICA recognised to write CTA (Certificate in the Theory of Accounting which is also your Honours year). A list of SAICA accredited universities can be found here.


Step 3.

Complete your degree and obtain high enough marks to get entrance into CTA – then complete CTA.

Some Training offices allow you to complete your Learnership (Step 4 below) at the same time as you study for your degree and CTA. Should you choose this step, you can do your degree part time with UNISA while you complete your degree.

For your CTA, you can do part time with UNISA or enroll for after-hours with Monash University. If you choose UNISA, you can take classes offered by various institutions such as Graduate Achievers or Edge Business School, among others.

Both the degree and CTA are rather challenging so you have to carefully consider whether you can manage this part time while you work. However, it is attainable if you are willing to put in the extra effort.


Step 4.

Sign up with a Training Office such as RSM in order to start your Learnership. If you begin your Learnership at the start of CTA or after CTA you will need to complete a 3 year fixed term Training Contract. This is an employment contract that runs in conjunction with your SAICA (South African Institute of Chartered Accountants) Learnership.

Step 5.

There are 2 board exams. The first one is known as the Initial Test of Competence (ITC). You are eligible to write it in the year after you pass your CTA. Universities prepare you for ITC through CTA. The second exam is the Assessment of Professional Competence (APC). You become eligible after completing 18 months of your training contract.

Step 6

After completing your Learnership and passing both parts of the board exams you will qualify as a CA(SA) – a registered Chartered Accountant in South Africa.

Useful Jargon


CA - Chartered Accountant

SAICA - South African Institute of Chartered Accountants

IRBA - Independent Regulatory Board of Auditors (used to be known as PAAB)

Trainee - A person who has signed a traning contract and is studying towards becoming a CA

Training Contract - An employment contract that run in conjunction with a SAICA Learnership

Training Office - A registered training office can offer you a learnership to become a C

Khabza Mkhize

Steps To Become the person you want to be in life is in your hands, Business, Education Money, Career

Follow us
Twitter: @StepsToBecome
Facebook: @StepsToBecome
Google+: +Stepstobecome

Powered by Blogger.