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IRBA: News issue #61
- 05 May 2023
- Accounting
- South African Accounting Academy
This newsletter covers the period January to March 2023, and includes summaries on the following topics:
- Changes to Standards (including Ethics)
- Legal:
- Disciplinary Committee (overview and short summaries)
- 27 open cases (involving 11 categories of improper conduct) referred to the Legal Department for disciplinary hearings
- 2 matters finalised (including a summary of these finalised matters)
- 1 matter finalised through admission of guilt and the other matter following a disciplinary hearing process
- 1 additional matter heard by the Disciplinary Committee (that remain part-heard)
- Reportable Irregularities statistics
- Cessation of the IRBA’s designation as a supervisory body per the FIC Act
- Disciplinary Committee (overview and short summaries)
- Registry (registrations, re-registrations and terminations)
- Investigations:
- Investigating Committee – met 3 times and referred 59 matters to the Enforcement Committee)
- Enforcement Committee – met 3 times and concluded on 34 matters
- 5 Matters finalised with the Decision not to charge
- 21 Matters finalised through an admission of guilt process (i.e. fines issued)
- 8 Matters were referred to the Legal Department for disciplinary hearings
- Inspections: A brief overview of the latest Public Inspections Report
- Education & Transformation news:
- Accreditation process – Application update and general improvements
- Transformation activities
- Review and revision of the IRBA’s competency framework
- Audit Development Programme (including Firm monitoring inspections)
- Some general news items.
Click here to download the latest IRBA Newsletter:
https://www.irba.co.za/upload/IRBA%20News%2061.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.