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IRBA: Enforcement Report 2023/2024
- 27 June 2025
- Compliance
- South African Accounting Academy
Summary:
The Independent Regulatory Board for Auditors (IRBA) has released its 2023/2024 Annual Enforcement Report, showcasing a significant increase in enforcement activity and reaffirming its unwavering commitment to upholding the integrity of the auditing profession.
Article:
Enforcement plays a pivotal role in maintaining the integrity and credibility of the auditing profession.
This report provides an in-depth review of the IRBA’s enforcement efforts, highlighting key trends in auditor conduct, common compliance failures and the regulatory actions taken to uphold public confidence in the profession and the audit product.
IRBA has strengthened auditor accountability by finalising a record 106 enforcement matters, a 43% increase from the previous year. Of these, 95 resulted in findings of guilt, with sanctions including fines, training directives, suspensions, and some permanent deregistration’s (disqualifications).
Contents include, inter alia:
- Chief Executive Officer’s Foreword, Preface from Director Investigations & Preface from Director Legal
- Acronyms and Definitions
- Purpose and Limitations of the Report
- IRBA Enforcement Framework
- Overview of the 2023/2024 Enforcement Matters
- Analysis of the Enforcement Themes
Click here to download the 56-page Report:
https://www.irba.co.za/upload/IRBA%20Annual%20Enforcement%20Report%202023.pdf
Relevance to Auditors, Independent Reviewers & Accountants:
- Members of IRBA should stay up-to-date with the latest developments that affect registered auditors.
- Enforcement plays a pivotal role in maintaining the integrity and credibility of the auditing profession.
- This report provides an in-depth review of the IRBA’s enforcement efforts, highlighting key trends in auditor conduct, common compliance failures and the regulatory actions taken to uphold public confidence in the profession and the audit product.