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IRBA: News #73
- 11 May 2026
- Legal and Compliance
- South African Accounting Academy
Issue 73 covers the period from January to March 2026, and includes summaries on the following topics:
- Changes to Standards, IAASB Publications (including Ethics) – also with a snapshot of the topics covered
- Ethics: IESBA Publications and Projects in progress
- Investigations:
- Investigating Committee – met once and referred 20 matters to the Enforcement Committee
- Enforcement Committee – met twice and concluded on 22 matters
- 2 Matters finalised with the Decision not to charge
- 13 Matters finalised by fines issued through an admission of guilt process (detail is provided on each one of these)
- 7 Matters were referred to the Legal Department for disciplinary hearings
- Legal:
- Disciplinary Committee (overview and short summaries)
- 8 matters are pending disciplinary hearings (including 2 new matters referred by the Enforcement Committee)
- These open cases involve 8 categories of improper conduct, with the most frequent charge being failure to exercise due care and skill
- No matters were finalised
- 8 matters are pending disciplinary hearings (including 2 new matters referred by the Enforcement Committee)
- Reportable Irregularities statistics
- Disciplinary Committee (overview and short summaries)
- Registry – overview of movements (registrations, re-registrations and terminations)
- Annual renewal process
- Inspections:
- Clients’ use of Service Organisations:
- Reflections on Some Complexities in Audits Where the Use of Service Organisations Directly Impacts the Audit of the User Entity’s Financial Statements
- Audit Requirements
- Common Inspection Observations
- Conclusion
- Clients’ use of Service Organisations:
- Education & Transformation news:
- Work on the New Pipeline Strategy Initiatives commences
- Developments within the Audit Development Programme
- ADP Workshop
- Learning Management System (LMS)
- ADP Monitoring Inspections
- Summary of Common Findings from recent ADP Monitoring Inspections
- Interactions with future auditors and Highlights from University engagements
- Career Fairs and Visits
- Competency Framework Review project Update
- Principles Underpinning the Revised Competency Model
- Upcoming Stakeholder consultation
- Monitoring of the IRBA-accredited professional bodies
- Participation in Global Education Activities
- International Federation of Accountants (IFAC)
- General News
- Contextualising Independent Audit Regulation as an enabler of Sustainable Development
- New Centre set to strengthen External Auditing Locally
Finally, detail is provided on the List of Communications sent.
Click here to download the 40-page Newsletter:
https://www.irba.co.za/upload/IRBA%20News%20Issue%2073.pdf
Relevance to Auditors, Independent Reviewers & Accountants:
- Members of IRBA should stay up-to-date with the latest developments that affect registered auditors.
- This newsletter summarises all the relevant changes for the preceding quarter.
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