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IRBA: News issue #59
- 21 November 2022
- Auditing and Assurance
- South African Accounting Academy
This newsletter covers the period July to September 2022, and includes summaries on the following topics:
- Changes to Standards (including Ethics)
- Disciplinary Committee (overview and short summaries)
- 4 matters finalised
- 19 open cases (involving 12 categories of improper conduct) referred to the Legal Department for disciplinary hearings
- 3 matters finalised through consent orders and/or admission of guilt processes – previously referred for disciplinary hearings
- 2 matters heard by the Disciplinary Committee
- Reportable Irregularities statistics
- Matters relating to Investigations:
- Investigating Committee referred 21 matters to the Enforcement Committee
- Enforcement Committee concluded on 38 matters:
- Decision Not to Charge: 10 matters, where the respondents were not guilty of improper conduct
- Decision to Charge and Matters Finalised by Fines Issued: 25 matters were finalised by fines issued, with a short summary of each matter
- Decision to Charge and Matters Referred for Disciplinary Hearings: 3 matters were referred to the Legal Department for disciplinary hearings
- Inspections: How prepared are firms for the new Quality Management Standards?
- Education & Transformation news: Audit Development Programme (ADP), Overview of accreditation activities and Competency Framework Activities
- Some general news items.
Click here to download the latest IRBA Newsletter:
https://www.irba.co.za/upload/IRBA%20News%2059.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.
To stay current with all the latest changes and updates subscribe to our Monthly Compliance and Legislative Update series for R 250.00 per month. This gives you access to a monthly 2-hour webinar and monthly newsletter:
https://accountingacademy.co.za/profession/monthly-legislation-update
Get all your CPD online. SA Accounting Academy (SAAA) offers Subscription Plans, Live Webinars, Webinars On-Demand, Access to Experts, Courses, Articles and more:
https://cpd.accountingacademy.co.za.