It is prescribed that the minimum qualifications, competency standards and requirements for registration of auditors in addition to those provided for in this Act are:
| 1.1. |
For candidates who wrote the Public Practice Examination (PPE): |
| 1.1.1. |
The applicant must have successfully completed the PPE; |
| 1.1.2. |
The applicant must have successfully completed a recognised training contract in public practice; |
| 1.1.3. |
A determination by the Regulatory Board that the applicant is a fit and proper person to practise the profession; |
| 1.1.4. |
Proof that the applicant is a member in good standing of a professional body accredited by the Regulatory Board; and |
| 1.1.5. |
Submission of a valid police clearance report, or an equivalent criminal record check, in respect of the applicant. |
| 1.2. |
For candidates who wrote SAICA’s Assessment of Professional Competence (APC): |
| 1.2.1 |
The applicant must have successfully completed the APC; |
| 1.2.2 |
The applicant must have successfully completed an IRBA recognised training contract; |
| 1.2.3 |
The applicant must have successfully completed the Regulatory Board’s Audit Development Programme (ADP); |
| 1.2.4 |
A determination by the Regulatory Board that the applicant is a fit and proper person to practise the profession, |
| 1.2.5 |
Proof that the applicant is a member in good standing of a professional body accredited by the Regulatory Board; and |
| 1.2.6 |
Submission of a valid police clearance report, or an equivalent criminal record check in respect of the applicant1. |
| 1.3 |
For candidates who completed the ACCA South Africa Audit Qualification (SA AQ) |
| 1.3.1 |
The applicant must have successfully completed the SA AQ. |
| 1.3.2 |
The applicant must have successfully completed an IRBA recognised training contract; |
| 1.3.3 |
The applicant must have successfully completed the Regulatory Board’s Audit Development Programme (ADP); |
| 1.3.4 |
A determination by the Regulatory Board that the applicant is a fit and proper person to practise the profession; |
| 1.3.5 |
Proof that the applicant is a member in good standing of a professional body accredited by the Regulatory Board; and |
| 1.3.6 |
Submission of a valid police clearance report, or equivalent criminal record check in respect of the applicant.1
|
If it has been more than three years since the applicant was last registered with the Regulatory Board, successfully completed the PPE, successfully completed their training contract (in the case of applicants who wrote the PPE), or successfully completed the ADP, whichever is the later date, the applicant is required to submit with their application their CV, evidence of CPD undertaken for the past three years, and a short explanation of why registration is required.
If the applicant is joining a firm already registered with the Regulatory Board, the applicant must also provide a letter signed by the Senior Partner or equivalent of the firm confirming their position within the firm and their audit proficiency.
The applicant will be required to attend a proficiency assessment, and if the proficiency panel is satisfied as to the applicant’s competency to practice as a registered auditor, the application will be processed in line with registry processes.
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1 |
An equivalent record check, in this context, means a legitimate criminal record check issued by a reputable service provider and ordinarily used by employers to establish the criminal record status of prospective or current employees. |
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