Technical Accountant – Institute of Accounting and Commerce of South Africa (IAC)
Technical Accountants are an Institute of Accounting and Commerce of South Africa (IAC) designation. They are also known as bookkeepers and they provide support to Professional Accountants. They are involved in day-to-day practical bookkeeping and the preparation of working paper files. A Technical Accountant is allowed to prepare financial statements for sole proprietors and partnerships.
Admission requirements:
Academic: A Diploma in Accounting at NQF Level 6 OR a Higher Certificate in Accounting at NQF Level 5.
RPL: Applicants without a formal qualification who have worked as a bookkeeper or accountant for at least 5 years can be admitted.
Practical: Completed two years accounting training guided by a registered accountant.
Exams: None (although the IAC board is reviewing this)
CPD: Must complete 20 hours a year (10 structured + 10 unstructured)
SAQA certificate