Swaziland Institute of Accountants
Member | Established: 1985 | Member since 1986
The Swaziland Institute of Accountants (SIA) unites the accountancy profession in Swaziland as a mandatory membership organization. Its members work in public practice, commerce and industry, and the public sector providing services to a range of different businesses. The SIA adheres to internationally recognized professional standards and offers professional trainings to ensure that its members provide high-quality services and are committed to the community they are serving.
Contact
PO Box 2653Mbabane, H100
Swaziland
Tel: (+268) 404 5566
Fax: (+268) 404 6827
sia@realnet.co.sz
http://www.sia.org.sz
Statements of Membership Obligations (SMOs)
Last updated: 12/2016
We welcome feedback. Please email compliance@ifac.org
The Statements of Membership Obligations form the basis of the IFAC Member Compliance Program. They serve as a framework for credible and high-quality professional accountancy organizations focused on serving the public interest by adopting, or otherwise incorporating, and supporting implementation of international standards and maintaining adequate enforcement mechanisms to ensure the professional behavior of their individual members.
Status of Fulfillment
To fulfill its regulatory responsibility of establishing a mandatory quality assurance (QA) review system, the SIA has worked in collaboration with the Association Certified Chartered Accountants (ACCA) to conduct QA...
SIA is responsible for establishing initial professional development (IPD) and continuing professional development (CPD) requirements for its members. As the institute does not have its own qualification program or...
SIA is authorized by law to adopt and promulgate the applicable auditing standards in Swaziland. Accordingly, it states that it established an Auditing Standard-setting Committee which has adopted the ISA as issued by...
Ethical requirements are established by law and by the SIA in regards to its members. Having first established its own Code of Ethics that incorporated the 2004 IESBA Code of Ethics, the SIA has since updated its Code of...
The Swazi government is responsible for the adoption of public sector accounting standards which are cash-basis. However, SIA states that it meets monthly with the Auditor General and Accountant General as they are...
As the entity responsible for the investigation and discipline (I&D) of accountants in Swaziland, SIA has established I&D mechanisms for misconduct and failure to comply with professional standards and in September 2015...
The Companies Act of 2009 stipulates that applicable corporate financial reporting requirements in Swaziland are IFRS. SIA promulgates the IFRS as issued by the IASB without modifications including effective dates and...
Disclaimer
IFAC bears no responsibility for the information provided in the SMO Action Plans prepared by IFAC member organizations. Please see our full Disclaimer for additional information.