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IRBA: Overview of the Amendments to the APA
- 24 May 2021
- Auditing and Assurance
- South African Accounting Academy
IRBA provides an overview to the Amendments under the following sections:
- IRBA Board and Committees
- Regulation Requirements
- Reportable Irregularities Processes
- Investigation and Disciplinary Processes
- Improved Sanctions
- Disclosure and Protection of Information
IRBA initiated amendments to the Auditing Profession Act 26 of 2005 (the Act) and these were, among others, aimed at:
- Strengthening the independence of the IRBA;
- Strengthening the investigating powers of the IRBA;
- Ensuring the efficiency and effectiveness of the disciplinary processes;
- Increasing monetary sanctions that can be imposed for improper conduct; and
- Ensuring the protection and sharing of information under the control of the IRBA.
The 36-page Auditing Profession Amendment Act of 2021 can be downloaded here: https://www.irba.co.za/upload/Auditing%20Profession%20Amendment%20Act%205%20of%202021.pdf
Click here to download the full overview document issued by IRBA:
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.
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