AGA (SA) – Relevance, enhanced recognition and status for accountants

AGA (SA) – Relevance, enhanced recognition and status for accountants

The journey to reach the Chartered Accountant South Africa CA(SA) designation has been described as one of the most difficult career paths in South Africa. With the professional accounting body, South African Institute of Chartered Accountants (SAICA), being established as one of the best in the world, and providing the highest of standards and excess of opportunities once reached, it is understandably so.

To become a CA(SA), a 3-year degree and honours degree is required, as well as a 3-year training contract, in layman’s terms referred to as “articles” (this might differ depending on studying while performing articles or the level of studies when starting). A trend has been occurring amongst hopefuls on this path, where studies and articles are started, but for various reasons, the honours part of the qualification is not completed. This results in a qualified accountant without a professional title or association to a professional body.

SAICA has recognised the need for qualified accountants to belong to a professional body, and therefore the establishment of the Associate General Accountant South Africa AGA(SA) designation.

With the establishment of the AGA(SA) designation, it allows a significant number of exceptionally-qualified South African accountants to gain access to professional recognition and career development through association with a highly-regarded professional body.

AGA(SA) provides many similarities to that of the CA(SA) designation. As AGA’s are recognised members of SAICA, they must apply to the same code of conduct. Thereby reassuring the public of the integrity of AGAs and suggesting a certain quality of work that can be expected.

Requirements:

  • A SAICA-accredited B.Com degree

  • A SAICA-accredited training contract

AGAs can:

  • Compile financial statements

  • Perform and sign off of independent reviews for companies with a public interest score below 100

  • Register as tax practitioners and assist with tax compilation and planning

  • Design and operate internal accounting systems

  • Provide management with information that enables them to plan, monitor and control their business

  • Communicate information effectively

  • Act as a commissioner of oaths

AGA(SA) benefits:

  • Access to SAICA products and services

  • A subscription to the ASA Magazine

  • Access to CPD

  • Invitations to SAICA seminars and events

  • Access to SAICA Member Services

  • Receive SAICA Newsletters

The relaunch of the AGA designation is a great asset to the public and a very useful alternative for those individuals who don’t necessarily become chartered accountants, giving recognition where it is due. The designation continues to grow in potential, membership and career recognition.

This article is a general information sheet and should not be used or relied on as legal or other professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact your legal adviser for specific and detailed advice. Errors and omissions excepted (E&OE)

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