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IRBA issues Revised Illustrative Banks Act Regulatory Auditor's Reports
- 19 March 2021
- Auditing and Assurance
- South African Accounting Academy
In terms of Regulations 39, 40 and 46 of the Regulations relating to Banks issued in terms of the Banks Act (No. 94 of 1990), the external auditor of a bank is required to report to the SARB on various regulatory matters.
The following revised illustrative Banks Act regulatory auditor's reports were issued:
-
South African and Consolidated Operations - revised illustrative regulatory reports A-I; and
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Foreign Operations (BA 610 returns) - revised illustrative regulatory reports A-H.
In terms of Regulation 46(6) of the Banks Act, the revised illustrative regulatory reports have been rendered in accordance with the wording and practices that the Prudential Authority, the South African Institute of Chartered Accountants (SAICA) and the IRBA agree to from time to time.
Click here to download the Revised reports:
https://www.irba.co.za/upload/Illustrative%20Reg%2046%20-%20SA%20Report.pdf
https://www.irba.co.za/upload/Illustrative%20Reg%2046%20-%20Foreign%20Report.pdf
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