PROFILE: Freeman Nomvalo’s bid to restore the auditing profession’s reputation
Restoring the reputation of a profession is the main task of the new CEO of accounting body Saica
Four years ago, Freeman Nomvalo hung up the civil servant boots he had worn for more than 15 years to become his own boss, advising companies about leadership practices that could help them navigate through change.But when the SA Institute of Chartered Accountants (Saica) needed a captain to steer the sinking ship that is the CA (SA) designation out of a reputation storm, he could not resist coming back into the public eye.In January, Saica announced that Nomvalo had been appointed as its CEO, filling a position left vacant when Terence Nombembe was seconded to the Zondo commission of inquiry in March 2018.His No 1 task was to restore trust in the accounting profession, following a number of high-profile corporate governance failures involving Saica members. Six months in, Nomvalo says he is still up to the task but he’s learning to be patient."To rebuild the image of the profession is going to take time," he says. "It’s too early to make an assessment of how far we’ve come. But the...
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