I in short I
saica news
CA(SA) Chair for the Commonwealth AC
B ruce Freer
CA(SA) was
nominated for
work together towards shared democratic
and development goals. Member countries
come from Africa (19, including South
based on assessed contributions, as is the
Commonwealth Youth Programme. The
Commonwealth Fund for Technical Co-
membership Africa), Asia (8), the Americas (2), the operation (CFTC) is funded by voluntary
of the Caribbean (12), Europe (3) and the South contributions. For the 2008/2009 financial
Commonwealth Pacific (10). year, the Secretariat’s budget was 14.6 m
Secretariat Audit pounds sterling, the CFTC`s 28.3m pounds,
Committee (AC) The Commonwealth Secretariat (the and the CYP 2.7m pounds.
by the SAICA UK Secretariat ), based in London, has 12
As Chairman, Mr Freer will need to
region, through divisions/units, which carry out programmes
ensure that the AC fully carries out its
the South African of work based on mandates set by the
responsibilities as set out in the AC`s
High Commission heads of government of member states. It Terms of Reference. AC members are
and was elected does this by providing technical and policy usually appointed for a period of three
Chairman at the development, assistance and advice. The years, with a possible three year extension,
3 December 2009 AC meeting. Secretariat currently employs around 275 full- providing certain requirements are met.
time staff, drawn from about three quarters
The Commonwealth is a voluntary of the member states. The Secretariat’s SAICA congratulates Mr Freer on his
association of 54 countries that enables work is financed by three separate budgets. appointment and wishes him well over the
member states to support each other and The budget of the Secretariat itself is next few years. asa
7
2009 disciplinary notice – trainee accountants
Offence Finding
Poor time-keeping/poor billing of time to clients Reasonable explanation
Constant late-coming/failure to complete 10 months cancellation penalty
instructions 12 months added to contract
Failure to record hours/not booking time to clients/ 6 months cancellation penalty
I n terms of SAICA’s Training Regulations, not recording overtime/constant late-coming 12 months added to contract
depending on the circumstances under Not serving full notice period 3 months cancellation penalty
which a trainee’s contract is cancelled, 6 months cancellation penalty
before