Milton Segal is qualified Chartered Accountant (SA) with a master’s degree in commerce with a taxation specialization.

He is an Executive Director in charge of the standards department at the South African Institute of Chartered Accountants (SAICA).

Within standards, Milton leads the technical team. The following key areas form part of this business unit:

• Corporate Reporting – the IFRS team, the integrated reporting, thinking and sustainability team, as well as the Members in Business (Technical) team.
• Taxation – policy, advocacy, training and thought leadership
• Audit and Assurance
• Legislation and Governance
• Public Sector
• Ethics

His expertise is in technical IFRS reporting, audit technical and non-financial reporting.

A former academic, Milton led the Financial Accounting division for the internationally renowned School of Accountancy at the University of the Witwatersrand (Wits) where he was also the postgraduate program head.

Milton is an established researcher and has published papers in local and international journals and has presented papers both within South Africa and abroad.

He currently still examines master’s theses and serves as a reviewer for internationally rated research journals.

Through SAICA, Milton sits on the Value Reporting Foundation (VRF) council, the International Accounting Standards Board’s (IASB) Emerging Economies Group (EEG), and The Integrated Reporting Committee of South Africa board.

Providing citizens with the information to understand how the tax system works, the rights and obligations of taxpayers, and how citizens can influence the evolution of the tax system, is vital to building public trust in tax systems, a key component in tax morale.

Sarah Beale is the CEO of AAT (Association of Accounting Technicians), the leading professional body for accounting technicians. She gained AAT membership at the start of her working life, then qualified as a Certified Chartered Accountant (ACCA) before coming full circle nearly 30 years later to become CEO of AAT in 2021.

Prior to AAT, Ms. Beale worked in several industries, holding finance and leadership roles. Most recently, as Chief Executive of CITB, the Construction Industry Training Board. For many years, her career activity has focused on helping talent from all backgrounds to secure rewarding careers and supporting the promotion and development of skills and qualifications that make businesses and economies thrive.

Ms. Beale served as a non-executive Director and Chair of the Audit and Risk Board for Building Research Establishment (BRE), a ‘profit-for-purpose' global business, raising the standards of the built environment. She has also been appointed to various government task forces, mainly to respond to skills issues.

Ms. Beale is a MAAT and FCCA.

IFAC welcomes the opportunity to comment on the FATF’s review of Recommendation 24 relating to beneficial ownership transparency. IFAC—and the global accountancy profession that we represent—strongly supports the work of the FATF and others in advancing the fight against money laundering, terrorism financing and the proliferation of weapons of mass destruction.