ROB ROSE: Saica’s code of omerta
The accounting body has been a dismal failure, more intent on looking after its own than doing what would be best for the public
It’s been a bad week for one of the more insipid organisations occupying a pivotal role in the business sector — the SA Institute of Chartered Accountants (Saica). Saica traces its roots to 1894, when the Institute of Accountants & Auditors was formed in Johannesburg with just 65 members. Since then, you’d be forgiven for thinking it’s mostly been downhill. With all manner of slippery accountants fiddling journal entries in recent times, you’d think Saica would be up to its neck in disciplinary inquiries, kicking ass and taking names, to restore faith in the profession. Not so much. It has taken Saica more than a year to charge Anoj Singh, Eskom’s up-to-his-neck-in-it former finance director, even though he’d been all over the Gupta-leaks more than a year ago, arranging deals to suit the Gupta family. Finally last week, long after Singh had quit Eskom, Saica said it would charge him for conducting himself in a way that was "discreditable, dishonourable, dishonest, irregular or unwor...
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