Chartered Accountancy is one of the most prestigious professions in South Africa, regulated by the South African Institute of Chartered Accountants (SAICA). The traditional route to qualification involves completing a Bachelor’s degree, an Honours degree or a Postgraduate Diploma in Accounting (PGDA), or a Certificate in the Theory of Accounting (CTA), followed by a three-year training contract (articles) with a SAICA-accredited training office. But what if you haven’t completed your CTA?
SAICA Articles without a CTA: Exploring Alternative Pathways
Can you still register for SAICA articles? The answer is, generally, no—but there are a few exceptions and alternatives.
1. The Traditional Route: CTA then Articles
In the conventional pathway, the completion of a CTA or an equivalent qualification like a PGDA is a prerequisite before embarking on your articles. This is because the CTA provides a comprehensive and deep understanding of accounting theory, which is crucial for performing the duties and responsibilities during your articles. It is also a prerequisite for writing SAICA’s professional examinations, the Initial Test of Competence (ITC) and the Assessment of Professional Competence (APC).
2. The Thuthuka Bursary Fund
The Thuthuka Bursary Fund, a SAICA initiative, provides an opportunity for talented African and Coloured students who can’t afford to study to become CAs. The programme includes a comprehensive support system, including funding for university fees, accommodation, meals, textbooks, and academic support, leading up to the CTA level. Upon successful completion of their CTA, these students enter into a training contract with a SAICA-accredited training office.
3. The SAICA Accredited Postgraduate Programmes
Several South African universities offer postgraduate programmes accredited by SAICA. These programmes, such as the Postgraduate Diploma in Accounting (PGDA), serve as an alternative to the CTA and are also recognised as a prerequisite for starting your articles. The PGDA programs are typically designed for students who have completed an undergraduate accounting or business degree but not a CTA.
4. The Professional Accountant (SA) Route
If you’ve decided that the CA(SA) designation is not for you, there’s an alternative path through the South African Institute of Professional Accountants (SAIPA). After obtaining an accredited Bachelor’s degree, you can complete a three-year SAIPA Learnership (comparable to articles) and write the Professional Evaluation Examination. This will qualify you as a Professional Accountant (SA), a well-recognised and respected qualification in the South African accounting profession.
While it is generally required to complete a CTA or equivalent before starting your SAICA articles, there are alternatives for those who are unable to follow the traditional route. Each pathway demands commitment and dedication, but with the right support and guidance, becoming a highly qualified and respected accounting professional in South Africa is attainable.