Aim is to transform the profession by increasing the number of black chartered accountants at business ownership and management level
The department of trade and industry has gazetted a revised draft of the chartered accountancy profession sector code in a bid to transform the profession.
“The vision of the chartered accountancy profession sector code is to grow the number of black people in the CA profession to reflect the country’s population demographics, to empower and enable them to meaningfully participate in and sustain the growth of the economy, thereby advancing equal opportunity and equitable income distribution,” reads the draft of the charter.
The department also found that black partners were expected to play a disproportionately large role in business development and marketing, taking their time away from technical input and personal development.
Teachers are also unaware of the importance of maths for future careers, said the department, calling for more awareness for high school learners. Some of the department of trade and industry’s recommendations are that tertiary institutions include skills training and socioeconomic coping mechanisms, more quality bursaries and supervision for black chartered accounting students and mentoring.
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