SAIBA V/S SAIPA

[Nipson]

I have noticed that SAIBA is growing very fast and superceding SAIPA in the Accounting Industry. Although SAIPA has been somehow more popular than SAIBA to many people, however SAIBA members holding the designation BAP(SA) have been enjoying the same recognition as SAIPA members from the regulators i.e. CIPC, DTI, SARS, Social Development and etc. but now NOW SAIBA is becoming much bigger and better than SAIPA.

Now since the appointment of the new CEO by SAIBA Mr. Van wyk, SAIBA is slowly become more superior accounting body in South African behind SAICA. It can be noted that SAIBA has now been appointed to the FRSC (Financial Reporting Standards Concil) technical Committee, when small business development ministry was established SAIBA was part of the SMME Colloquium called Minister Zulu.

SAIBA has introduced a new designation of CFO(SA) which has international recognition and CIMA gives the same recognition/exemption to the holders of CFO(SA) as the CA(SA) for SAICA or SAIBA members who wants to join CIMA. SAIBA has a pathway relationship with UNISA School of business leadership for business executives who wants to qualify for the SAIBA's CFO(SA) designation. SAIBA accounting officers that wants to join CIMA gets exempted for an to start at Management level of CIMA while SAIPA members are only exempted for certificate level of CIMA. It should be noted that CIMA accounting accounting body and is recently partnering with AICPA to form a new accounting body which is expected to lead the world and have more members than any accounting body in world.

 

[Mike Hoxbig]

Does it matter, they're still bean counters in the end...

 

[Stefanmuller]

They dont really have an entry exam or formal training requirements, which in my opinion makes the designation quality a bit questionable. It might have changed but two years ago you could still register based on prior experience (based on a few financial degrees and past working experience). I know of someone who registered without having articles or a B.ComAccounting but used working experience. SAIPA at least has articles and an entry exam.

 

[ice_cubes]

interesting times

 

[pwstraton]

I have recently noticed that SAIBA is better SAIPA in the Accounting field. Although SAIPA has been somehow more popular than SAIBA to many people, however SAIBA members holding the designation BAP(SA) have been enjoying the same recognition as SAIPA members from the regulators i.e. CIPC, DTI, SARS, Social Development and etc. but now NOW SAIBA is becoming much bigger and better than SAIPA.

Now since the appointment of the new CEO by SAIBA Mr. Van wyk, SAIBA is slowly become more superior accounting body in South African behind SAICA. It can be noted that SAIBA has now been appointed to the FRSC (Financial Reporting Standards Concil) technical Committee, when small business development ministry was established SAIBA was part of the SMME Colloquium called Minister Zulu.

SAIBA has introduced a new designation of CFO(SA) which has international recognition and CIMA gives the same recognition/exemption to the holders of CFO(SA) as the CA(SA) for SAICA or SAIBA members who wants to join CIMA. SAIBA has a pathway relationship with UNISA School of business leadership for business executives who wants to qualify for the SAIBA's CFO(SA) designation. SAIBA accounting officers that wants to join CIMA gets exempted for an to start at Management level of CIMA while SAIPA members are only exempted for certificate level of CIMA. It should be noted that CIMA accounting accounting body and is recently partnering with AICPA to form a new accounting body which is expected to lead the world and have more members than any accounting body in world.

I'm not sure where you are getting these statements but this doesn't seem to be the case.

From the SAIBA website, in order to become a SAIBA member you must:
- Complete the form on this page
- Confirm that you subscribe to the SAIBA code of ethics
- Confirm that you have no criminal record
- Pay a membership fee of R360

Then for the CFO designation (presumably the most 'prestigious'??) you need any National Diploma or degree and a total of 12 years working experience.

To be honest this barely compares to even the SAIPA requirements of accounting three, which (as having taken it myself + accounting four) is not a walk in the park.

All of the above has been pointed out as this seems more a publicity post (ie: spam) than a post aiming at informing anyone of anything.

For the record, I am neither affiliated to SAIPA, SAIBA or CIMA in any way - just feel that people may be misguided in registering for this designation based on the representations given above.

 

[Nipson]

Don't get me wrong, all I am saying is that SAIBA is better than SAIPA in terms when it comes to getting recognition for their members. And for your information, I am a member of both SAIBA and SAIPA.

FYI:

SAIBA Members are not SAIBA designation holders, anyone can be a SAIBA Member and not everyone can hold SAIBA Designations. To hold SAIBA Designation of BAP (SA) you need a Degree or 3 years Diploma that is a SAQA NQF6 with accounting at 3rd year other subjects. You need 4 years verifiable experience in Accounting and Taxation generally most accounting bodies in world required 3-4 years experience or training i.e. ACCA, SAICA, CIMA and etc.

Once you are SAIBA's BAP(SA) you get same recognition with SAIPA's Professional Accountants from most South African regulators i.e. CIPC and etc. But as SAIBA member you get additional international recognition

I'm not sure where you are getting these statements but this doesn't seem to be the case.

From the SAIBA website, in order to become a SAIBA member you must:
- Complete the form on this page
- Confirm that you subscribe to the SAIBA code of ethics
- Confirm that you have no criminal record
- Pay a membership fee of R360

Then for the CFO designation (presumably the most 'prestigious'??) you need any National Diploma or degree and a total of 12 years working experience.

To be honest this barely compares to even the SAIPA requirements of accounting three, which (as having taken it myself + accounting four) is not a walk in the park.

All of the above has been pointed out as this seems more a publicity post (ie: spam) than a post aiming at informing anyone of anything.

For the record, I am neither affiliated to SAIPA, SAIBA or CIMA in any way - just feel that people may be misguided in registering for this designation based on the representations given above.