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                             (ACCA)                                               BarnOwl


          7i½Ài   ̅i    ܜÀ`½Ã   “œÃÌ    vœÀÜ>À`‡Ì…ˆ˜Žˆ˜}    >À˜"܏  ˆÃ  >  vՏÞ  ˆ˜Ìi}À>Ìi`  }œÛiÀ˜>˜Vi]
          professional accountancy body.                      enterprise risk management, compliance and audit
                                                              ÜvÌÜ>Ài ܏Ṏœ˜ ÕÃi` LÞ œÛiÀ Óää œÀ}>˜ˆÃ>̈œ˜Ã ˆ˜
          We believe that accountancy is vital for economies   ƂvÀˆV>]  ÕÀœ«i >˜` ̅i 1 °  >À˜"܏ ÃÕ««œÀÌà LiÃ̇
          ̜ }ÀœÜ >˜` «ÀœÃ«iÀ] ܅ˆV… ˆÃ Ü…Þ Üi ܜÀŽ > œÛiÀ   practice risk management, compliance and audit
          ̅i ܜÀ` ̜ LՈ` ̅i «ÀœviÃȜ˜ >˜` “>Ži ÜVˆiÌÞ   vÀ>“iܜÀŽÃ  ­i°}°   "-"]   -"Σäää]   œ“«ˆ>˜Vi
          fairer and more transparent.                        Institute’s handbook, International Professional
          7i  …>Ûi  “œÀi  ̅>˜  ÓÎÎ]äää  vՏÞ  µÕ>ˆwi`      *À>V̈Vi   À>“iܜÀŽ®]  ܅ˆÃÌ  œvviÀˆ˜}  >  …ˆ}…Þ
          “i“LiÀà >˜` xÎÈ]äää vÕÌÕÀi “i“LiÀà ܜÀ`܈`i°       yi݈Li >˜` Vœ˜w}ÕÀ>Li «>À>“iÌiÀ‡`ÀˆÛi˜ ÃÞÃÌi“
          /…iÞ½Ài >“œ˜} ̅i ܜÀ`½Ã LiÃ̇µÕ>ˆwi` >˜` “œÃÌ    >œÜˆ˜} ÞœÕ Ìœ Vœ˜w}ÕÀi  >À˜"܏ ̜ “iiÌ ÞœÕÀ
          …ˆ}…Þ ÜÕ}…̇>vÌiÀ >VVœÕ˜Ì>˜Ìà ‡ >˜` ̅iÞ ÜœÀŽ ˆ˜   ëiVˆwV  ÀiµÕˆÀi“i˜Ìð   >À˜"܏  ˆÃ  ̅i  «ÀiviÀÀi`
          every sector you can imagine.                       i˜ÌiÀ«ÀˆÃi ÀˆÃŽ “>˜>}i“i˜Ì ­ , ® ÜvÌÜ>Ài ܏Ṏœ˜
                                                              in the South African public sector, endorsed by the
          "À}>˜ˆÃ>̈œ˜Ã  Ž˜œÜ  >˜`  ÌÀÕÃÌ  œÕÀ  `iÈ}˜>̈œ˜°   "vwVi œv ̅i ƂVVœÕ˜Ìˆ˜}  i˜iÀ> ­"Ƃ ®°  >À˜"܏
          7i½Ài  œÕÌ  ̅iÀi  iÛiÀÞ  `>Þ]  Vœ˜˜iV̈˜}  ܈̅    is developed, implemented and supported by IDI
          businesses large and small, governments,            Technology Solutions (Pty) Limited (IDI). IDI is a
          educational establishments, and opinion formers.    Üi‡iÃÌ>LˆÃ…i`  ÜvÌÜ>Ài  `iÛiœ«“i˜Ì  Vœ“«>˜Þ
          We’re on top of emerging trends, legislation, and   L>Ãi` ˆ˜  œ…>˜˜iÃLÕÀ}] -œÕ̅ ƂvÀˆV>°
          legal requirements, helping to shape them.
           iV>ÕÃi  œv  >  ̅ˆÃ]  Üi½Ài  >Li  ̜  VÀi>Ìi  ̅i
          innovative, strategic-thinking accountants our fast-
          V…>˜}ˆ˜} ܜÀ` ˜ii`ð
                                                                                  Compliance Institute
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                                                              Established in 1995, the Compliance Institute
                                                              Southern Africa encourages and promotes
                             #UUQEKCVKQP QH %GTVKƂGF          professional compliance and sets the standard
                             Fraud Examiners (ACFESA)         for leading practice. It is the SAQA-recognised
          /…i  ƂÃÜVˆ>̈œ˜  œv   iÀ̈wi`   À>Õ`   Ý>“ˆ˜iÀà    «ÀœviÃȜ˜>  Lœ`Þ  vœÀ  Vœ“«ˆ>˜Vi  œvwViÀÃ]  ܈̅
          ­Ƃ   ® ˆÃ ̅i ܜÀ`½Ã >À}iÃÌ >˜Ìˆ‡vÀ>Õ` >˜` ܅ˆÌi‡  members from a range of industries. The Institute
          collar crime organisation and has more than 90 000   is governed by a Board elected by the members
          “i“LiÀà ܜÀ`܈`i°  "ÕÀ “i“LiÀà >Ài Vœ““ˆÌÌi`       and an independent Chairman. Various board
          ̜  Ài`ÕVˆ˜}  ܅ˆÌi‡Vœ>À  VÀˆ“i  ܜÀ`܈`i  >˜`   committees have been delegated responsibility for
          ˆ˜Ã«ˆÀˆ˜} «ÕLˆV Vœ˜w`i˜Vi >˜` œLiV̈ۈÌÞ ÜˆÌ…ˆ˜   key initiatives. In addition, the Institute has various
          the profession. The South African Chapter of the    ˆ˜`ÕÃÌÀÞ  vœVÕà  }ÀœÕ«Ã°  "ÕÀ  >ˆ“à  >˜`  œLiV̈ÛiÃ
          ACFE, also an NPO, has close to 6 000 members.      >Ài ̜\ i˜VœÕÀ>}i >˜` «Àœ“œÌi Vœ“«ˆ>˜Vi ܈̅ˆ˜
          It is a recognised South African professional body,   the South African regulatory environment; alert
          Ài«ÀiÃi˜Ìˆ˜}  >˜`  }œÛiÀ˜ˆ˜}  vÀ>Õ`  iÝ>“ˆ˜>̈œ˜    “i“LiÀà œv ˜iÜ `iÛiœ«“i˜Ìà ˆ˜ >˜` V…>˜}ià ̜
          professionals in South Africa. Being a registered   legislation and the interpretation and application
          «ÀœviÃȜ˜>  Lœ`Þ]  ÀiVœ}˜ˆÃi`  ˆ˜  “œÀi  ̅>˜  £nä   of such by the relevant authorities; promote
          VœÕ˜ÌÀˆiÃ] Üi >Ài }œÛiÀ˜i` LÞ Ì…i -œÕ̅ ƂvÀˆV>˜     the professional status, image and credibility of
           >̈œ˜>  +Õ>ˆwV>̈œ˜Ã   À>“iܜÀŽ  ƂVÌ  >˜`  ̅i   Vœ“«ˆ>˜Vi  œvwViÀÃ]  œÕÀ  “i“LiÀÃ]  LÞ  «ÀœÛˆ`ˆ˜}
          Ƃ     …>«ÌiÀ  ޏ>Üð                                accreditation; identify, establish, maintain and
                                                              promote leading compliance standards and
                                                              practices; promote education and training in the
                                                              wi`  œv  Vœ“«ˆ>˜Vi  ̜  ˆÌà  “i“LiÀà  >˜`  œÌ…iÀ



                                                                  IRMSA RISK REPORT • SOUTH AFRICA RISKS • EIGHTH EDITION  89
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