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Southern African Institute for Business Accountants (SAIBA)

Who is SAIBA?

SAIBA supports its members by adopting and implementing international standards relating to ethics, quality, education, financial reporting, assurance and other engagements. The organization enables the sharing of knowledge and assists members in understanding all areas affecting accountants and financial professionals.

What tasks does SAIBA undertake?

In a practical sense SAIBA offers:

  • A range of professional designations.
  • Practicing licensing for independent review engagements.
  • Career development.
  • Quality control and monitoring.
  • Enforcement of a code of conduct.
  • Networking.
  • Publications and events.
  • Limited technical support.
  • Member offers and discounts.
  • An online community.

Memberships  and qualifications.

SAIBA membership is available to anyone who is required to perform an accounting or financial function.  Any manufacturer, accountant, business or other tntity may join SAIBA.

 History of SAIBA.

SAIBA was officially established on 14 October 1987. Their members were granted accounting officer status on 7 July 1996. Accreditation was also granted to the Institute in terms of the Namibian Close Corporations Act, 1988, on 13 June 2006. Its members may also issue independent review reports for Companies and Close Corporations.

The Institute is registered as a Non Profit Company (NPC) under the South African Companies Act, 71 of 2008. SAIBA members that has obtain the right to use a SAIBA designation, have voting rights at the SAIBA Annual General Meeting (AGM) where the Board is elected. Candidates for Board membership are nominated by a Nominations committee.

A small full-time staff under the direction of the Chief Executive is responsible for the day-today administration of the organization. SAIBA is a proudly southern African institute.  It subscribes to the values enshrined in the South African Constitution and Bill of Rights.