| (1) |
The committee for auditor ethics must consist of at least the following members appointed by the Regulatory Board: |
| (b) |
three persons representing users of audits; |
| (c) |
one person representing an exchange which is the holder of a stock exchange licence issued under the Securities Services Act, 2004 (Act No. 36 of 2004); and |
| (d) |
one advocate or attorney with at least 10 years’ experience in the practice of law. |
| (2) |
The committee for auditor ethics must assist the Regulatory Board— |
| (a) |
to determine what constitutes improper conduct by registered auditors and registered candidate auditors by developing rules and guidelines for professional ethics, including a code of professional conduct; |
[Subsection (2)(a) amended by section 3 of Act No. 2 of 2015]
| (b) |
to interact on any matter relating to its functions and powers with professional bodies and any other body or organ of state with an interest in the auditing profession; and |
| (c) |
to provide advice to registered auditors on matters of professional ethics and conduct. |
Platinum Membership
