CA NeWs Beta*: The Chartered Accountants Designation (Private) Act, 67 of 1993 restricts the use of the designations 'Chartered Accountant

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Tuesday, April 17, 2012

The Chartered Accountants Designation (Private) Act, 67 of 1993 restricts the use of the designations 'Chartered Accountant

Chartered Accountant Designation Act
The Chartered Accountants Designation (Private) Act, 67 of 1993 restricts the use of the designations 'Chartered Accountant', 'Geoktrooieerde Rekenmeester', 'Chartered Accountant (South Africa)', 'Geoktrooieerde Rekenmeester (Suid Afrika)', 'Chartered Accountant (SA)', 'Geoktrooieerde Rekenmeester (SA)', or the initials 'CA', 'GR', 'CA(SA)', and 'GR(SA)'.

Only members of The South African Institute of Chartered Accountants (SAICA) may use the above designations and /or initials. A company, close corporation, or other body, firm or partnership, which engages in public practice as accountants and auditors and of whom every shareholder, every director, every member or every partner, as the case may be, is a member of SAICA, shall be entitled to use the above designations and /or initials in the name of the firm.

It is important to note that the right to use the above designations and initials only accrues once a person is registered with SAICA. The fact that a person has completed his/her studies and training does not entitle him/her to use the designations or initials.

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