FTI

Knowledge Empowers

What is the monthly training about?

SMALL AND MEDIUM PRACTICE TRAINING

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The need

There has been a need for continuous training for the staff of smaller practitioners in  the North-West Province and other smaller provinces. Although there are training opportunities, the costs are often too high to let all the staff of a practice participate and a lot of time is wasted traveling, as most of the training is offered in the major cities. A good alternative would be in-house training. The time spent on preparation of the material may however not make it cost effective. There is also the increasing international need for continuous professional development.

CPD requirement - SAICA
From 1 January 2006 SAICA requires of all members to attend on a continuous basis to their professional knowledge, competencies and ethical values. SAICA requires of members 120 hours of training activities in a 3 year cycle, of which 60 hours must be verifiable. At least 20 hours must be completed each year. SAICA has no specified prescribed training that is regarded as verifiable. Examples of verifiable activities include: courses, conferences, seminars and training work (verifiable) and research, reading of professional literature and practical training (non-verifiable).

CPD requirements – SAIPA
SAIPA requires 60 verifiable and 60 non-verifiable hours over a 3 year period. That comes down to 20 verifiable and 20 non-verifiable hours per year.

Workable alternative

A workable alternative as seen in 2006 would be if small practitioners would pull together to arrange local training for their staff members and finance it together. This is a cost and time efficient method, especially if many practitioners buy in. The training can also be enhanced if the partners themselves participate to ensure that practical issues are also addressed. The training started in February 2006. There were more than 100 participants (CA's and SAIPA's) in the three centres since 2010.

Content

The training focuses on three aspects:

  • Detailed discussion on tax, auditing and accounting knowledge on a continuous basis (see the three year program). It therefore involves more than just updates.
  • Information on changes and developments that would affect smaller practices on the subject matter of regulations, accounting, auditing, Excel applications and newsworthy issues.
  • Addressing ad hoc needs.

Each participant receives notes on the topics. Where possible it is presented in workshop format. An attendance certificate is also issued at the end of the year.

A program was prepared that would ensure that the full spectrum of topics are coverred in a three year period. It is also attempted to cover relating tax, auditing and accounting topics in one session. We started with year one of the program again in 2009.

Dates and time

Sessions are 3 hours. For detail on the times and dates please see the "Centres"