List of Abbreviations

ABASA

Association for the Advancement of Black Accountants of Southern Africa

ABET

Adult Basic Education and Training

ACCA

Association of Chartered Certified Accountants

AP Act

Auditing Profession Act, 2005 (Act 26 0f 2005)

AWCA

African Women Chartered Accountants

B-BBEE

Broad-Based Black Economic Empowerment

BEE

Black Economic Empowerment. This usually refers to B-BBEE

BMA

Board of Municipal Accountants

CA(SA)

Chartered Accountant (South Africa)

CIMA

Chartered Institute of Management Accountants

dti

Department of Trade and Industry

EAP

Economically Active Population

EBITDA

Earnings before interest, tax, depreciation and amortisation

EME

Exempted Micro Enterprise

FASSET

Financial, accounting and services sector SETA

IAC

Institute of Administration and Commerce

IASA

Institute of Internal Auditors South Africa

ICB

Institute of Certified Bookkeepers

ICSA

Institute of Chartered Secretaries and Administrators

IMFO

Institute of Municipal Finance Officers

IPFA

Institute for Public Finance and Auditing

IRBA

Independent Regulatory Board for Auditors

NPAT

Net Profit after Tax

PPE

Public Practice Exam

QE

Qualifying Examination

QSE

Qualifying Small Enterprises

RA

Registered Auditor

SAIBA

South African Institute of Business Accountants

SAICA

South African Institute of Chartered Accountants

SAIGA

South African Institute of Government Auditors

SANAS

South African National Accreditation Agency

SED

Socio-economic development

SMME

Small, medium and micro enterprises

TIPP

Training Inside Public Practice

TOPP

Training Outside Public Practice