SAICA Releases Updated Guide to Artificial Intelligence

Posted 18 June 2025 Written by Acts Online
Category Technology

Brought to you by SA Accounting Academy: The South African Institute of Chartered Accountants (SAICA) has released an updated version of its “Difference Makers’ Guide to Artificial Intelligence (AI)” to provide professionals with a framework for understanding and applying AI in practice.

The South African Institute of Chartered Accountants (SAICA) originally issued this guide earlier in 2024. The updated version serves as a foundational resource for members, including auditors, independent reviewers, and accountants, to navigate the complexities of emerging technologies. The guide focuses on the practical considerations and systemic shifts necessitated by the adoption of innovative tools within the financial sector.

The guidance encompasses a broad spectrum of technologies that have the potential to alter industries and economies, including:

  • Artificial Intelligence (AI) and Big Data analytics;
  • Blockchain and Internet of Things (IoT) systems; and
  • Augmented Reality (AR) and Cleantech solutions.

The document provides an overview of technical terms and topics to empower professionals to engage in informed discussions and implementation strategies. It specifically addresses how these tools can be applied to enhance efficiency while maintaining compliance with professional standards and ethical requirements.

Click here to download the Difference Makers’ Guide to AI.

What this means for you, your business, or your clients

  • For yourself: You are required to maintain professional competence regarding emerging technologies to ensure that the use of AI in your professional duties does not compromise the quality of financial reporting or auditing.
  • For your business: Your firm should evaluate its current technology stack against the practical considerations in the guide to ensure that AI and Big Data tools are implemented with appropriate oversight and risk management protocols.
  • For your clients: You can provide more robust advisory services regarding the risks and benefits of AI integration, specifically concerning internal controls and the integrity of data used in financial systems.

Originally published at https://accountingacademy.co.za/news/read/saica-updated-guide-to-ai

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