As one of South Africa's foremost accountancy institutes, the South African Institute of Professional Accountants (SAIPA), plays a very important role in ensuring that its members are able to optimise their accountancy practices or add value to their employers in the corporate world, and, by so doing, create additional wealth for the country and its people. SAIPA is a professional body of more than 6000 professional accountants (excluding students and associates) in practice, commerce and industry, government and academia. The majority of its members are in public practice, offering accountancy and allied services, excluding auditing, to the general public and the business community, especially in the SMME sector. Membership of SAIPA provides accountancy professionals with local and international recognition, ensures that they remain abreast of the latest local and international developments in the accountancy profession and are able to regularly network with fellow accountancy professionals. Membership at SAIPA comes together with an array of products and services, which include ongoing training to facilitate the necessary knowledge, competencies and functional skills members need to effectively execute their responsibilities in a manner that complies with local and international regulatory frameworks and standards.