Specialist work can be offered at a higher fee, providing a much higher profit margin
As a specialist in a subject area you gain a number of advantages:
- You will stand out from the crowd and hence be able to attract more clients or obtain more recognition at work;
- You will be able to accept referrals from other non-specialist accountants and in this way diversify your client composition to include business clients and other accountants;
- Some of the licenses that SAIBA issue are prerequisites for obtaining statutory recognition such as for Independent Review and Business Rescue;
- SAIBA continuously engage with legislators and administrators to ensure that SAIBA licenses becomes the minimum standards of competence prescribed by legislation.
- Obtaining a license will position you ahead of the curve. Recent scandals in the profession have placed renewed emphasis on quality control and ethical conduct.
- Regulators including the National Treasury, Department of Trade and Industry, SAQA, IRBA, and SARS have been requested by Parliament to implement new regulations to clamp down on unprofessional conduct by accountants and auditors.
Licensed to Specialize
The license programme was developed by industry experts to test your competence in a particular specialist area. The underlying exam is written online and candidates can write at any time. Preparation is through self-study and experience. The exam consists of multiple choice questions aligned to a detailed curriculum.
The entry requirements for the license is a BAP(SA) or an equivalent designation at NQF level 7, together with a minimum of 4 years of relevant experience.
Access to Better Clients
As a specialist in the subject area you will stand out from the crowd and hence be able to attract more clients or obtain more recognition at work. You will be able to accept referrals from other non-specialist accountants and in this way diversify your client composition to include business clients and other accountants.
Specialist work generally can be offered at a higher fee than normal accounting work providing a much higher profit margin per hour of service delivered.