Proposed IRBA Fees with effect from 1 April 2025

Proposed IRBA Fees with effect from 1 April 2025

• 06 November 2024
• Auditing and Assurance
• South African Accounting Academy

Summary:

The Independent Regulatory Board for Auditors (IRBA) has communicated their proposed fees increases for the 2025/2026 financial year.

Article:

These increases are pending the final Board approval.

The Board has proposed a 6% increase for the fees payable by registered auditors. This decision is based on the growing demands to protect the investing public, drive audit quality and promote the attractiveness and appeal of the auditing profession, while acknowledging the current financial challenges the profession and the economy face.

The IRBA publishes the following 2 Annexures for public consultation:

1. Annexure A: a schedule of proposed fees for registered auditors, to fund its operations for the 2025/2026 financial year; and
2. Annexure B: a schedule of proposed assurance fees for firms registered with the IRBA, to fund its operations for the 2025/2026 financial year.

The related communiqué can be downloaded at https://www.irba.co.za/upload/report_files/45.-Proposed-IRBA-Fees-2025.pdf

Comments are invited to [email protected] by 17h00 on 2 December 2024.

Click here to download the Board Notice:

https://www.irba.co.za/upload/BN%20684%20of%202024%20Proposed%20Fees%202025.pdf

Relevance to Auditors, Independent Reviewers & Accountants:

• Members of IRBA should stay up-to-date with the latest developments that affect registered auditors, and be aware of the contents of all IRBA Communiqué documents issued.
• When providing assurance services, auditors, accountants and independent reviewers should be aware of the assurance fees that are payable to IRBA.

0 COMMENTS

LEAVE A COMMENT