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Prescribed auditor report templates: Medical Schemes
- 23 November 2022
- Accounting
- South African Accounting Academy
These statutory-required auditor reports have been developed by the CMS in consultation with the Independent Regulatory Board for Auditors’ (IRBA) Committee for Auditing Standards (CFAS) Medical Schemes Task Group, which includes auditors of medical schemes. Reference should be made to the Revised Guide for Registered Auditors: Assurance Engagements on the Annual Financial Statements and Annual Statutory Returns of a Medical Scheme issued by IRBA on 27 November 2019, and subsequently amended during May 2022.
The IRBA Board, at its meeting in March 2022, approved the International Auditing and Assurance Standards Board's (IAASB) Conforming and Consequential Amendments to the IAASB's Other Standards as a Result of the New and Revised Quality Management Standards for adoption, issue and prescription by registered auditors in South Africa.
The conforming amendments to the IAASB's International Standards become effective as of 15 December 2022, in line with the quality management standards. These amendments affected the ISAE 3000 (Revised) auditor report template
Circular 59 of 2022 contains all the relevant links to access the prescribed auditor report templates.
Click here to download the Circular 59 of 2022:
Relevance to Auditors, Independent Reviewers & Accountants:
- As an auditor of a medical scheme, you need comply with and use the individual prescribed auditor report templates.
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