26.1. A trainee accountant must gain experience and achieve competence in all the prescribed
competencies and must achieve the minimum core experience hours prescribed by SAICA from time
to time.
26.2. If the trainee accountant is unlikely to have achieved all the prescribed competencies or minimum core
experience hours by the end of the training contract, the training officer must issue a written notification
to the trainee accountant, no later than 5 (five) months before the end of the training contract that the
training contract is unlikely to be completed.
26.3. The written notification must:
26.3.1. list the competencies in which the trainee accountant has not yet achieved competence and/or indicate
the number of core experience hours the trainee accountant must still achieve;
26.3.2. outline a developmental plan to enable the trainee accountant to achieve the required competence or
core experience hours by the end of the training contract;
26.3.3. inform the trainee accountant that, notwithstanding the completion of the developmental plan as
outlined in the notification, that:
a. failure to achieve the minimum core experience hours will nevertheless result in the extension of
the training contract at the end of the training contract in terms of Regulation 23.1; and
b. failure to achieve the prescribed competencies may result in the extension or the cancellation of
the training contract at the end of the training contract period in terms of Regulation 23.2.
26.3.4. be signed by the training officer and the trainee accountant. In the event that the trainee accountant
refuses to sign, this needs to be recorded and a witness can attest to the notification having been
served on the trainee accountant.
26.4. If, by the end of the training contract, the trainee accountant has still not achieved the competencies
as prescribed by SAICA, the training officer must either extend or cancel the training contract. (Also
refer to Regulations 21.2.2 and 23.2).
