SA Accounting Academy News

Keeping you up to date with the latest accountancy, audit and tax news.

Newsletter Sign Up

Auditing and Assurance News

New IAASB Video Series Explores Proposed Changes to Fraud Standard logo

New IAASB Video Series Explores Proposed...

The International Auditing and Assurance Standards Board (IAASB) has released a new four-part video...


Read More
IRBA: Call for New Projects for the CFAS Work Programme logo

IRBA: Call for New Projects for the CFAS...

The Committee for Auditing Standards (CFAS), a statutory committee of the Independent Regulatory Boa...


Read More
IRBA re IFRS and Trade Mark Guidelines logo

IRBA re IFRS and Trade Mark Guidelines

In light of recent developments regarding IFRS Foundation Trade Mark Guidelines, the Independent Reg...


Read More
Proposed Revised Due Process Policy for the Development, Adoption and Issue of Quality Management, Auditing, Assurance and Related Services Pronouncements logo

Proposed Revised Due Process Policy for...

IRBA Committee for Auditing Standards (CFAS) has approved the release of the Proposed Due Process Po...


Read More
NEW! IRBA: Revised SAAPS 3 – Illustrative Reports logo

NEW! IRBA: Revised SAAPS 3 – Illustrativ...

The Independent Regulatory Board for Auditors' (IRBA) Committee for Auditing Standards has approved...


Read More
IRBA: Proposed SAAPS 7_Transparency reports re PTEs logo

IRBA: Proposed SAAPS 7_Transparency repo...

The Independent Regulatory Board for Auditors' (IRBA) Committee for Auditing Standards (CFAS) has ap...


Read More
Default

IRBA: Annual firm renewals / declaration...

The Independent Regulatory Board for Auditors (IRBA) has reminded member firms to submit their firm...


Read More
The Auditor-General of South Africa (AGSA) Audit Directive for 2024 logo

The Auditor-General of South Africa (AGS...

The Auditor-General of South Africa (AGSA) has issued an Audit Directive for 2024, in accordance wit...


Read More
IAASB: Proposed Narrow Scope Amendments to ISQMs ISAs and ISRE2400 as a Result of the Revisions to the Definitions of Listed Entity and PIE in the IESBA Code logo

IAASB: Proposed Narrow Scope Amendments...

The International Auditing and Assurance Standards Board (IAASB) has opened public consultation for...


Read More
IRBA: Maximum Fines for Auditors – Notice of withdrawal and reissue logo

IRBA: Maximum Fines for Auditors – Notic...

On the recommendation of IRBA, the National Treasury has gazetted a notice of withdrawal of the noti...


Read More
IRBA_Reminder re new effective revisions and EDs due in 2024 logo

IRBA_Reminder re new effective revisions...

The Independent Regulatory Board for Auditors (IRBA) has issued a communiqué as a reminder of the Ne...


Read More
IRBA: Fit & proper policy logo

IRBA: Fit & proper policy

The Independent Regulatory Board for Auditors (IRBA) has gazetted a fit and proper policy.


Read More
Audit & Assurance developments: what to expect in 2024 logo

Audit & Assurance developments: what to...

This alert provides a summary of Audit & Assurance developments and future expectations, i.e. when s...


Read More
IRBA: Revised Illustrative Mutual Banks Act Regulatory Auditors Reports logo

IRBA: Revised Illustrative Mutual Banks...

The Independent Regulatory Board for Auditors (IRBA) Committee for Auditing Standards (CFAS) approve...


Read More
NEW! ISA for LCE issued! logo

NEW! ISA for LCE issued!

The International Auditing and Assurance Standards Board (IAASB) today published the International S...


Read More
IRBA: Adoption of 2022 IAASB Handbook logo

IRBA: Adoption of 2022 IAASB Handbook

The latest version of the International Auditing and Assurance Standards Board (IAASB) Handbooks (Vo...


Read More
Have you heard? ISA for LCE is coming! logo

Have you heard? ISA for LCE is coming!

The IAASB has confirmed that the final approved new standard for audits of less complex entities—kno...


Read More
IRBA Code: Final Pronouncement on Technology-related Revisions logo

IRBA Code: Final Pronouncement on Techno...

The Independent Regulatory Board for Auditors (IRBA) has issued the Final Pronouncement: Technology-...


Read More
IRBA Code: Final pronouncement – Revised definitions of Listed Entity and Public Interest Entity logo

IRBA Code: Final pronouncement – Revised...

The Independent Regulatory Board for Auditors (IRBA) approved the Revisions to the Definitions of Li...


Read More
IRBA Standards: Updates to SAAPS 3 and other Illustrative Reports logo

IRBA Standards: Updates to SAAPS 3 and o...

IRBA has published Updates to IRBA Pronouncements Arising from Narrow-Scope Amendments to Internatio...


Read More
IRBA Final Pronouncement: Definition of Engagement Teams and Group Audits logo

IRBA Final Pronouncement: Definition of...

The Independent Regulatory Board for Auditors (IRBA) draws the attention of all registered auditors...


Read More
The Mandatory Audit Firm Rotation (MAFR) set aside by the Supreme Court of Appeal logo

The Mandatory Audit Firm Rotation (MAFR)...

The Supreme Court of Appeal has reviewed and set aside MAFR (the mandatory audit firm rotation) rule...


Read More
2023 Inspections Priorities logo

2023 Inspections Priorities

The PCAOB (Public Company Accounting Oversight Board) Staff has published a Spotlight document which...


Read More
Professional Competence and Skepticism Are Essential to Quality Audits logo

Professional Competence and Skepticism A...

The PCAOB (Public Company Accounting Oversight Board) Staff has published a Spotlight document which...


Read More
NEW! Revised Code for Registered Auditors logo

NEW! Revised Code for Registered Auditor...

The Independent Regulatory Board for Auditors (IRBA) has published the IRBA Code of Professional Con...


Read More
IRBA: 1st Enforcement Report logo

IRBA: 1st Enforcement Report

The Independent Regulatory Board for Auditors (IRBA) has published its first-ever Annual Enforcement...


Read More
NEW: IRBA CPD Policy replaced logo

NEW: IRBA CPD Policy replaced

The Independent Regulatory Board for Auditors’ (IRBA’s) Continuing Education, Training and Professio...


Read More
IRBA Declarations 2023 logo

IRBA Declarations 2023

The 2023 firm assurance work declaration and firm related information are now available for submissi...


Read More
IRBA: News issue #60 logo

IRBA: News issue #60

IRBA have released their latest quarterly newsletter, providing useful summaries of changes to vario...


Read More
IRBA: News issue #59 logo

IRBA: News issue #59

IRBA have released their latest quarterly newsletter, providing useful summaries of changes to vario...


Read More
Assurance in the Digital Age logo

Assurance in the Digital Age

The IAASB hosted a presentation to discuss digital transformation and possible effects on auditors.


Read More
Sectional Titles: Auditor opinions logo

Sectional Titles: Auditor opinions

SAICA has revised and published their guidance document containing Auditor opinions required in term...


Read More
Default

Ethics: Long Association of Personnel wi...

IRBA has issued the IRBA Staff Ethics Practice Alert 1: The Auditor's Considerations with Respect to...


Read More
Audit Development Programme - Digital Learning Content logo

Audit Development Programme - Digital Le...

The IRBA’s ADP (Audit Development Programme) team has announced the launch of their ADP Digital Lear...


Read More
Content of a Transparency Report logo

Content of a Transparency Report

The Staff of the IRBA has published an audit practice alert on the Content of a Transparency Report.


Read More
IRBA: Registration Requirement: Police Clearance Certificate logo

IRBA: Registration Requirement: Police C...

In order to assist applicants for registration as RAs or RCAs, the IRBA Board has approved a tempora...


Read More
IRBA adopts Revised ISA 600 logo

IRBA adopts Revised ISA 600

The IRBA Board has approved ISA 600 (Revised) for adoption, issue and prescription for use by audito...


Read More
New FAQ for Reporting Going Concern logo

New FAQ for Reporting Going Concern

The IAASB has issued a New FAQ document for Reporting Going Concern Matters in the Auditor’s Report.


Read More
NEW! ISA 315 Implementation Guide logo

NEW! ISA 315 Implementation Guide

The IAASB has issued a new first-time implementation guide on ISA 315 (Revised 2019), Identifying an...


Read More
IRBA releases News #58 logo

IRBA releases News #58

IRBA have released their latest quarterly newsletter, providing useful summaries of changes to vario...


Read More
Default

Countdown to the Suite of Quality Manage...

Registered auditors are reminded that 15 July 2022 marked exactly five months before the effective d...


Read More
ONEROUS: Proposed IRBA Rule on Enhanced Auditor Reporting for the Audit of Financial Statements logo

ONEROUS: Proposed IRBA Rule on Enhanced...

The Independent Regulatory Board for Auditors (IRBA) has approved the release of the Proposed IRBA R...


Read More
Amendments to ISA700 and ISA260 logo

Amendments to ISA700 and ISA260

The International Auditing and Assurance Standards Board (IAASB) approved the exposure draft for nar...


Read More
NEW! Proposed IRBA Rules logo

NEW! Proposed IRBA Rules

The Independent Regulatory Board for Auditors (IRBA) has approved 5 proposed IRBA Rules arising from...


Read More
New audit firm governance code logo

New audit firm governance code

The FRC (Financial Reporting Council) has published a New Audit Firm Governance Code – for the Big F...


Read More
Conforming and Consequential Amendments to IRBA Pronouncements: due to IAASB QMS logo

Conforming and Consequential Amendments...

IRBA has Issued Conforming and Consequential Amendments to the Other International Standards as a Re...


Read More
Engagement team definition: new fact sheet logo

Engagement team definition: new fact she...

The IAASB (International Audit and Assurance Standards Board) has published a fact sheet to clarity...


Read More
Revised Illustrative Section 15 Retirement Fund Agreed-upon Procedures Reports logo

Revised Illustrative Section 15 Retireme...

IRBA has approved the issue of the following revised illustrative Section 15 Retirement Fund agreed-...


Read More
IRBA releases News #57 logo

IRBA releases News #57

IRBA have released their latest quarterly newsletter, providing useful summaries of changes to vario...


Read More
Illustrative Regulatory Reports in terms of the Insurance Act logo

Illustrative Regulatory Reports in terms...

The IRBA has updated and issued the Illustrative Regulatory Reports in terms of the Insurance Act –...


Read More
New implementation tool for auditors logo

New implementation tool for auditors

IFAC has released a new implementation tool for auditors on Auditing Accounting Estimates: ISA 540 (...


Read More
Artificial Intelligence: effect on audit and assurance logo

Artificial Intelligence: effect on audit...

The IAASB has published the 3rd Market Scan, which provides a high-level primer on Artificial Intell...


Read More
The spectrum of inherent risk logo

The spectrum of inherent risk

SAICA has published an interesting article on the spectrum of inherent risk. This is in line with I...


Read More
New Disciplinary Rules for Registered Auditors logo

New Disciplinary Rules for Registered Au...

IRBA approved the publication of the revised disciplinary rules (rules) in the Government Gazette. T...


Read More
Default

Auditor Reporting Focus Area

The IAASB has created a dedicated space to access all the materials you need to deliver your audit r...


Read More
IRBA Technology Webpage logo

IRBA Technology Webpage

IRBA has compiled a technology webpage with useful links to resources that auditors and independent...


Read More
New implementation guide for ISA 220 logo

New implementation guide for ISA 220

The IAASB has published a new first-time implementation guide for ISA 220, Quality Management for an...


Read More
Auditor appointments and resignations logo

Auditor appointments and resignations

CIPC has issued Notice 2 of 2022 on Auditor appointments and resignations – in order to minimize the...


Read More
IAASB compiles COVID-19 resources for auditors logo

IAASB compiles COVID-19 resources for au...

The IAASB has collated specific COVID-19 resources for auditors to refer to – from going concern to...


Read More
IRBA publishes 2021 Public Inspections Report logo

IRBA publishes 2021 Public Inspections R...

The IRBA has released its 2021 Public Inspections Report, which covers the 3rd and final year of the...


Read More
Annual IRBA firm assurance work declaration due logo

Annual IRBA firm assurance work declarat...

The annual IRBA Assurance work declaration and firm related information are now available for submis...


Read More
Newly Revised ISA 600 (Group Audits Standard) approved logo

Newly Revised ISA 600 (Group Audits Stan...

The IAASB has approved ISA 600 (Revised) on Group Audits as a final standard, effective for periods...


Read More
Remember that the Revised Illustrative Annual Stockbroker's Reports are now effective logo

Remember that the Revised Illustrative A...

IRBA has revised the Illustrative Annual Stockbroker's Reports submitted to the JSE Limited in terms...


Read More
IRBA releases News #56 logo

IRBA releases News #56

IRBA have released their latest quarterly newsletter, providing useful summaries of changes to vario...


Read More
New Technology-Focused FAQ Available logo

New Technology-Focused FAQ Available

The IAASB has published support material to help auditors understand how to plan an audit under Inte...


Read More
Revised Illustrative Annual Stockbroker's Reports logo

Revised Illustrative Annual Stockbroker'...

IRBA has revised the Illustrative Annual Stockbroker's Reports submitted to the JSE Limited in terms...


Read More
Revisions to the IRBA Code of Professional relating to non-assurance services and fee-related provisions logo

Revisions to the IRBA Code of Profession...

IRBA draws the attention of all registered auditors to the revision of the Non-Assurance Services (N...


Read More
IRBA adopts new IAASB Handbook 2020 logo

IRBA adopts new IAASB Handbook 2020

IRBA has adopted the IAASB's 2020 Handbooks of International Quality Control, Auditing, Review, Othe...


Read More
IRBA: Draft proposed Disciplinary Rules for Registered Auditors open for public comment logo

IRBA: Draft proposed Disciplinary Rules...

The Draft Disciplinary Rules implement the amendments to the Auditing Profession Act, which strength...


Read More
IRBA: New Proposed International Standard for Less Complex Entities logo

IRBA: New Proposed International Standar...

Because this is such a landmark standard that will affect ±90% of companies, the IRBA has encouraged...


Read More
Reminder: Effective date of ISA 315 (Revised): Identifying and assessing the risks of material misstatement logo

Reminder: Effective date of ISA 315 (Rev...

IRBA reminds auditors that ISA 315 (Revised 2019): Identifying and assessing the risks of material m...


Read More
IRBA releases News #55 logo

IRBA releases News #55

IRBA have released their latest quarterly newsletter, providing useful summaries of changes to vario...


Read More
Addressing exceptions in the use of ADA (audit data analytics) logo

Addressing exceptions in the use of ADA...

The FRC (Financial Reporting Council) has issued guidance for auditors on addressing potential excep...


Read More
Audits of Less Complex Entities: Guidance published logo

Audits of Less Complex Entities: Guidanc...

The IAASB has published further Supplemental Guidance on the Audits of Less Complex Entities, as wel...


Read More
Protection and Retention of Client Data logo

Protection and Retention of Client Data

The Independent Regulatory Board for Auditors (IRBA) has issued a Staff Audit Practice Alert 6 on Pr...


Read More
IRBA: Revised Guide on performing audits on behalf of the AGSA logo

IRBA: Revised Guide on performing audits...

IRBA has issued the final Revised Guide for Registered Auditors: Guidance on Performing Audits on be...


Read More
IRBA to refer non-audit complaints to professional bodies logo

IRBA to refer non-audit complaints to pr...

IRBA will refer non-audit complaints to professional bodies – in accordance with a new Procedure Gui...


Read More
Revisions to IRBA Code of Conduct logo

Revisions to IRBA Code of Conduct

The Independent Regulatory Board for Auditors (IRBA) has revised the IRBA Code of Professional Condu...


Read More
Amendment to the IRBA's Critical Skills Support Letter Requirements logo

Amendment to the IRBA's Critical Skills...

From 1 September 2021 the IRBA will only be issuing critical skills letters if the applicants are re...


Read More
A of Less Complex New Standard for Audits Entities logo

A of Less Complex New Standard for Audit...

The IAASB has issued a new Proposed ISA (International Standard on Auditing) for Audits of Financial...


Read More
IRBA 8th Inspections Cycle Manual of Information logo

IRBA 8th Inspections Cycle Manual of Inf...

The Independent Regulatory Board for Auditors (IRBA) has released its Inspections Strategy and Proce...


Read More
CIPC Notice: Rotation of Auditors logo

CIPC Notice: Rotation of Auditors

CIPC issued a Notice regarding the Rotation of Auditors In terms of section 92 of the Companies Act.


Read More
IRBA releases News #54 logo

IRBA releases News #54

IRBA have released their latest quarterly newsletter, providing useful summaries of changes to vario...


Read More
Do we need to enhance disclosures in SA audit reports? logo

Do we need to enhance disclosures in SA...

The IRBA (Independent Regulatory Board for Auditors) has approved the release of the Consultation Pa...


Read More
IRBA: Proposed Revised Guide on performing audits on behalf of the AGSA logo

IRBA: Proposed Revised Guide on performi...

IRBA published a Proposed Revised Guide for Registered Auditors: Guidance on Performing Audits on be...


Read More
IRBA: Overview of the Amendments to the APA logo

IRBA: Overview of the Amendments to the...

IRBA has published an overview of the Amendments to the Auditing Profession Amendment Act, no 5 of 2...


Read More
IAASB released new and revised Quality Management Standards – now the impact! logo

IAASB released new and revised Quality M...

The panic is about to start… The new and revised requirements will see firms reassessing the curren...


Read More
IRBA releases News #53 logo

IRBA releases News #53

IRBA have released their latest quarterly newsletter, providing useful summaries of changes to vario...


Read More
Guidance on applying ISAE 3000 (Revised) logo

Guidance on applying ISAE 3000 (Revised)

The IAASB issued Non-Authoritative Guidance on Applying ISAE 3000 (Revised) to Extended External Rep...


Read More
IRBA 2021 Individual Annual Return is now due logo

IRBA 2021 Individual Annual Return is no...

IRBA 2021 Individual Annual Return is now due by 31 May 2021.


Read More
Final Amendments to the IRBA Code of Professional Conduct - Role and Mindset logo

Final Amendments to the IRBA Code of Pro...

The Independent Regulatory Board for Auditors (IRBA) draws the attention of all registered auditors...


Read More
IRBA issues Revised Illustrative Banks Act Regulatory Auditor's Reports logo

IRBA issues Revised Illustrative Banks A...

The Independent Regulatory Board for Auditors' (IRBA) Committee for Auditing Standards (CFAS) approv...


Read More
IRBA Standards and Ethics related pronouncements which have a December 2020 or 2021 effective date logo

IRBA Standards and Ethics related pronou...

Registered auditors and others are reminded which IRBA standards, guidelines and other pronouncement...


Read More
The Independent Regulatory Board for Auditors (IRBA) publishes 2020 Public Inspections Report logo

The Independent Regulatory Board for Aud...

The IRBA has released its 2020 Public Inspections Report, which covers the 2nd year of the IRBA's 7t...


Read More
IRBA Alert: New IRBA Guide on Legal Practitioners’ Trust Accounts logo

IRBA Alert: New IRBA Guide on Legal Prac...

IRBA have released a new Guide for Registered Auditors: Engagements on Legal Practitioners’ Trust Ac...


Read More
Need Help ?

Explore Smarty