Finance and Accounting Services Sector Education and Training Authority (Fasset)

The mission of the Finance and Accounting Services Sector Education and Training Authority (Fasset) is to increase the flow of new finance and accountancy entrants into employment; develop and grow the skills required in the sector; and facilitate transformation of the finance and accountancy sector.

The objectives of Fasset are to: develop the competence of employees and potential employees; increase the levels of investment in education and training and optimise the return on this investment; position this sector as the ‘sector of career choice’ for prospective learners and entrants into the labour market; encourage employers and employees to adopt a culture of lifelong learning; support the objectives of the Employment Equity Act of 1998; enhance access to learning opportunities and facilitate the recognition of prior learning; ensure the quality of education and training in the sector; expand the provision of education and training in this sector through sound partnerships with public and private sector service providers; encourage greater cooperation between the public and private sectors; and cooperate with the South African Qualifications Authority and other SETAs, in support of the objectives of the Act.