How do licensing changes affect the training of CAs as proposed in the strategic plan for the CA profession?
Changes in the strategic plan were based on the Public Accounting Act, 2004 coming into force. In the context of the strategic plan, the new Act enables the Institute to expand training opportunities for students in public practice beyond audit and assurance, and to provide training opportunities for students in taxation or business advisory services within CA firms, and also in business/industry or government where over half of our membership currently work at senior levels. The profession’s ability to do this was constrained under the prior public accounting legislation, as it required all CAs to train in public accounting even if they did not go on to practise it.
