Meet our #SAIPAproud memberFaith Ngwenya
Meet Faith Ngwenya, the Technical & Standards Executive at SAIPA, responsible for keeping SAIPA members updated about any news and changes to policies in the accounting field.
What attracted you to the accountancy profession?
Accountancy was one of my favourite subjects at school and I also performed very well in this subject. No wonder it was an easy decision when I had to choose my field of study at University – Accountancy it was!
What inspires you about your work?
The diversity of the work, it is challenging as no two days are the same, especially when it comes to member support. Assisting members stay abreast of any new developments requires that I am constantly pressed to update my technical knowledge.
Who inspires you, and why?
I get inspired when I see someone who succeeds especially against odds, especially women juggling between young families and business requirements.
Tell us about your biggest challenge, and how you overcame it?
The biggest challenge that I had to face, is the situation that we are in right now. With COVID19 pandemic we were all thrown into a very challenging period which requires every business to completely change its mindset and manage ways to get used to the “new normal”. At SAIPA we also had to quickly assume these new roles and mode of doing business.
Tell us about the highlight of your journey as a professional in accountancy?
My journey started in Commerce and Industry when I worked for Unilever South Africa. I also spent a couple of years in the academic field as lecturer and later, senior lecturer.
I joined SAIPA in 2010 as a Technical & Standards Executive. SAIPA is a member of the International Federation of Accountants (IFAC) and the Pan African Federation of Accountants (PAFA). With SAIPA constantly involved in several projects at an international and continental level I have had the privilege of working on most of these projects, sharing the stage with professionals from around the globe.
How enabling has your working environment been?
SAIPA provides its employees the necessary support needed to maintain good relations with all stakeholders. This makes working in the accountancy field an enjoyable experience.
What disappoints you about the profession?
The negative publicity arising from the accountancy related scandals over the past few years. Sadly, this has led to a drop in trust of the profession.
What would you like to change?
I would love to see more women, particularly black women, in senior leadership positions of listed companies.
Where do you see yourself in five years’ time?
Difficult question when you are nearing retirement! What is important right now is to see the South African economy grow and overcome the effects of the lockdown and COVID19. I would like to see the rapid development of future-ready accountants that can strive in the 4th or 5th Industrial Revolution.
What is your vision for the profession?
- A future-ready accountancy profession, with persons devoted to ethical behaviour.
- An education system that will produce competent accountants.
- Business entrepreneurs that will ensure that South Africa regains its prime spot in corporate reporting, auditing, and risk management.