IRBA: Proposed Revised Guide on performing audits on behalf of the AGSA

02 June 2021
Auditing and Assurance
South African Accounting Academy

The Independent Regulatory Board for Auditors' (IRBA) Committee for Auditing Standards (CFAS) approved the release of the Proposed Guide for Registered Auditors: Guidance on Performing Audits on behalf of the AGSA, which was revised in May 2021.

Public comments are due by 8 July 2021.

This proposed Revised Guide will help improve the understanding and enhance the performance of quality public sector audit engagements by auditors in public practice. These are auditors who perform audit engagements on behalf of the AGSA, including the audit of financial statements, reported performance information and compliance with key legislation, and the additional audit procedures relating to focus areas, in accordance with the requirements of the Public Audit Act, 2004 (Act No. 25 of 2004) (PAA) (as amended by the Public Audit Amendment Act No. 5 of 2018).

This proposed Revised Guide has been updated for the following:

Consequential changes made to the Guide for Registered Auditors: Auditing in the Public Sector (Revised August 2019);
Other relevant amendments arising from the revision of the PAA; and
Alignment of content to the updated AGSA tender process, AGSA contract work policies and procedures as well as the relevant Memorandum of Agreement between the AGSA and the audit firm.

Click here to download the Proposed Guide:

https://www.irba.co.za/upload/Proposed%20Guide%20for%20RAs_%20Guidance%20on%20Performing%20Audits%20on%20behalf%20of%20AGSA%20(Revised%20May%202021)%20.pdf

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