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Auditing Profession Act, 2005 (Act No. 26 of 2005)Board NoticesIndependent Regulatory Board for AuditorsRegistration of Registered Auditors and Registered Candidate Auditors5. Period of validity of the registration of a registered candidate auditor |
It is prescribed that the period of validity of the registration of a registered candidate auditor is until:
5.1 | the candidate has satisfied all the ADP requirements, which include: |
5.1.1 | the candidate has submitted a portfolio of evidence; and |
5.1.2 | the Regulatory Board has evaluated the portfolio of evidence and has reached a decision that the candidate has successfully completed the ADP; and |
5.1.3 | An ADP monitoring visit has been conducted at the firm where the candidate has completed the ADP, and the environment has been assessed as conducive to the development of professional competence; or |
5.1.4 | the candidate withdraws from the ADP. |
In the premise where the candidate has complied with paragraphs 5.1.1, 5.1.2 and 5.1.3, the candidate will then be eligible to apply for registration as a registered auditor.