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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 AuditorsSummary of the Relevant Sections of the Act |
| 6(1) | The Regulatory Board must, subject to this Act |
| (a) | prescribe minimum qualifications, competency standards and requirements for registration of auditors and candidate auditors in addition to those provided for in this Act; |
| (c) | prescribe the period of validity of the registration of a registered auditor and a candidate auditor; |
| (g) | prescribe minimum requirements for the renewal of registration and re-registration of registered auditors and registered candidate auditors. |
| 37(1) | An individual must apply on the prescribed application form to the Regulatory Board for registration as an auditor or registered candidate auditor. |
| 37(2) | If, after considering an application, the Regulatory Board is satisfied that the applicant |
| (b) | has complied with the prescribed education, training and competency requirements for a registered auditor or registered candidate auditor; |
| 38(2) | On application by a firm which is a partnership fulfilling the conditions in subsection 1(a) or a sole proprietor, on the prescribed application form, the Regulatory Board must register the firm as a registered auditor on payment of the prescribed fee. |
| 38(3) | The Regulatory Board must register a company as a registered auditor on payment of the prescribed fee if the company meets the requirements set out in subsection (3)(a)-(d). |
| 40(1) | A registered auditor or registered candidate auditor must apply in the prescribed manner to the Regulatory Board for the renewal of his or her registration. |
| 40(2) | A registered auditor or registered candidate auditor whose registration was terminated in terms of section 39 or cancelled in terms of section 51(3)(a)(iv) may apply for re-registration in the prescribed manner to the Regulatory Board. |
SECTION 6:
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