Welcome to the IAC
The Institute of Accounting and Commerce (IAC) (formerly The Institute of Administration and Commerce) was established in 1927 as a provider of distance learning education and a professional management institute.
In 2009 the Institute changed to become a professional accounting membership body only and is registered in South Africa as a non-profit company (NPC) (Reg. No. 1981/011981/08).
In terms of section 60 of the close corporations act 69 of 1984, the IAC registers Accounting Officers, and since 2013 is also a Recognised Controlling Body with SARS for Tax Practitioners (in terms of section 240 of the tax administration act 28 of 2011).
Vision
To be a dynamic world class Professional Accounting Institute (incorporating related fields) at the forefront of technology and an integrated approach to the profession.
Mission
It is the aim of the Institute to be recognised as the pre-eminent Professional Body for Accountants and other related professionals by actively promoting the effective utilization and development of qualified professionals, through the achievement of excellence in standards of professional competence and socially acceptable ethical conduct amongst its members, through a dynamic integrated approach to the legislative and environmental arena.
Membership Categories
The IAC offers the following membership categories.
Compliance Issues
IAC 94th AGM BOOKLET 2021
THE PROFESSIONAL – February 2022 EDITION
IAC News
Stay up to date with the latest IAC news
Withholding Taxes
Foreign entertainers and sportspersons A final tax at the rate of 15% is imposed on gross amounts payable to non-residents [...]
IAC CPD Requirements
Annexure CONTINUED PROFESSIONAL DEVELOPMENT (CPD) IAC requirements from 1 January 2016 The Institute has made “CPD” compulsory for all [...]