Anybody who grew up within the eighties and nineties will keep in mind that mother and father and lecturers mentioned the trail to abundance was to turn into a health care provider, a lawyer or an accountant. For Rakshika Danilala, who’s an Affiliate Common Accountant AGA(SA) and Senior Supervisor: Reporting within the Audit Analysis and Improvement unit on the Auditor-Common of South Africa, the accounting bug bit her at an early age. However what nobody might foretell was her love and fervour for working within the public sector.
KwaZulu-Natal born and raised, Danilala says that when she opted to decide on accounting as her profession path of selection, her father wasted no time in delivery her off to the College of South Africa to check for a Bachelor of Accounting Science (BCompt). Armed with ambition her research accelerated quickly and in April 2000 she began work as an audit assistant on the Auditor Common, whereas serving her five-year articles with the South African Institute of Chartered Accountants (SAICA) — South Africa’s premier accountancy physique and the house of AGAs(SA).
Now, in her 20th yr of employment within the establishment, Danilala is tasked by legislation to audit and report on how authorities is spending South African taxpayer’s cash. She has labored in nationwide, provincial and native authorities, and as a member of the United Nations (UN) board of auditors.
“Working within the public sector is a really fulfilling expertise, as a result of what you do is finally geared toward making a optimistic distinction in folks’s lives, it’s not only for industrial profit-making causes. The outcomes of our audits allow authorities establishments which are the custodians of the general public assets to concentrate on how nicely they use assets. Our audit outcomes are additionally made public and due to this fact management and oversight authorities in addition to the general public are enabled to carry these entrusted with public assets accountable,” says Danilala.
The general public sector is someplace accountants could make an actual distinction, explains Danilala. “Again in 2018, I used to be appointed to be a senior supervisor for reporting. Whereas huge, my important duties are producing many normal reviews on the audit outcomes throughout all spheres of presidency, together with the particular AG reviews on the Covid-19 audits that will probably be tabled in Parliament.”
That is difficult work and highlights the significance of professionalising the finance groups that work within the sector. That’s why, when why she selected to pursue the AGA(SA) qualification and designation, Danilala says: “Earlier than buying this designation, I had already obtained the Registered Authorities Auditor (RGA) qualification. Nonetheless, this a public sector qualification, and contemplating that my tertiary schooling diploma plus articles are extra personal sector oriented, the designation helped connect extra recognition to what I’ve studied. It has all the time been tough to elucidate what I did purely primarily based on having a level and serving articles prior to now. This was due to this fact alternative to connect knowledgeable designation to my identify.”
One perk of being the holder of the AGA(SA) designation means she is recognised as a member of SAICA. This, she says, permits her to achieve entry to the organisation’s assets comparable to coaching programmes, webinars and studying materials related to the accountancy occupation.
“It’s necessary for my very own profession progress and growth that I hold abreast of latest developments within the accountancy occupation. Up to now it was fairly disconcerting to know that having accomplished my articles I couldn’t be a member of SAICA as a result of I wasn’t a Chartered Accountant,” she provides.
As an AGA(SA) she is supplied with key technical expertise and managerial expertise which have helped her ascend the monetary sector ladder in direction of loads of profession highlights, one in every of them being part of the workforce tasked with auditing and reporting on the R500-billion fiscal package deal allotted by authorities to reply to the Covid-19 pandemic.
When speaking in regards to the affect of Covid-19 and the way the data-heavy auditing and accountancy occupation is evolving in mitigating the results, Danilala says the resultant have to innovate and discover new methods of doing issues is a optimistic step for the trade. “We’ve all the time identified there was a neater, extra environment friendly manner of doing issues as there all the time existed a tedious facet to the job. The Coronavirus pandemic has ensured that we lastly faucet into that realm with a purpose to save on prices, and it’s figuring out nicely.”
Requested for her recommendation to anybody contemplating the AGA(SA) or AT(SA) qualification route, she says: “The AGA(SA) qualification and designation is a fruits of each what you may have studied, and the expertise you may have acquired. It serves to recognise these achievements and requirements of excellence you may have achieved in your profession.
“It additionally acts as a stepping stone to alternatives for additional profession progress and success within the accounting and auditing professions. You drive your individual profession, and if in case you have a love for accounting and auditing, or are nonetheless studying, you don’t have anything to lose and the whole lot to achieve by pursuing these qualification routes,” says Danilala.