The Finance Act 2018 introduced significant amendments to the Accountants Act No 15 of 2008. These amendments are aimed at strengthening the profession as well help the government in the fight against graft. The Act now clearly distinguishes who an Accountant is by classifying them into the following categories. Trainee Accountants, Associate Accountants and Certified Public Accountant (CPA). The Institute will define the role and advice the scope of each category for ease of engagement with the users of the accountancy services.
More information on the amendments on attachment below.