The desired future outcome that the CA sector would like to achieve by means of the recommended activities is an increase in the percentages of black people, and particularly black women and black designated groups, in the ownership and management of CA enterprises - measured in terms of exercisable voting rights, economic interest, board participation (black directors) and management positions at all levels.
Current situation / challenges
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Recommended activities
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| • | Numerous black professionals are leaving public practice, because of the following: |
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| • | To develop strategies that will ensure that more black professionals remain in public practice |
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| o | Public practice firms have to compete with commerce and industry to fill management positions (to comply with their own B-BBEE charters) |
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| • | To sell the auditing profession as an exciting, challenging, dynamic and viable career option because of the variety of work experiences that can be obtained |
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| o | Commerce and industry offer higher salaries |
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| • | To have a career development plan for black CAs and other professionals in the firm |
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| o | Public practice is associated with high risks (also with regard to litigation), which are regarded as undesirable and not commensurate with rewards, when compared to other sectors |
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| • | To ensure that black partners play a more fulfilling role in technical service deliveries and practice management as opposed to public relations and sales |
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| o | Inadequate career planning for qualified black staff in firms |
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| • | To ensure that senior people offer effective mentoring and coaching or put effective mentoring in place for black CAs |
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| • | Black partners are required to play a disproportionately large role in business development and marketing, which leaves them with little time to focus on technical input and personal development |
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| • | To ensure that senior people offer effective mentoring and coaching or put effective mentoring in place for black CAs |
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