To provide for the establishment of the Independent Regulatory Board for Auditors; to provide for the education, training and professional development of registered auditors; to provide for the accreditation of professional bodies; to provide for the registration of auditors; to regulate the conduct of registered auditors; to repeal an Act; and to provide for matters connected therewith.

Latest Developments:

The Auditing Profession Act, 2005 (Act No. 26 of 2005), has been updated with Registration of Registered Auditors and Registered Candidate Auditors, as per Board Notice 667 of GG51271, dated 20 September 2024.

The Auditing Profession Act, 2005 (Act No. 26 of 2005), has been updated with Fees on Assurance Engagements Payable to the IRBA with effect from 1 June 2024, as per Board Notice 624 of GG50825, dated 14 June 2024.

The Auditing Profession Act, 2005 (Act No. 26 of 2005), has been updated with Withdrawal of Notice No. 3549 of 15 June 2023 and new Determination of Maximum Fines, as per Notice No 4933 of GG50765, dated 6 June 2024.

The Auditing Profession Act, 2005 (Act No. 26 of 2005), has been updated with Fees Payable to the IRBA with effect from 1 April 2024, as per Board Notice 569 of GG50164, dated 23 February 2024.

The Auditing Profession Act, 2005 (Act No. 26 of 2005), has been updated with the Four Rules Arising from the International Standards on Quality Management, as per Board Notice 512 of GG49757, dated 24 November 2023.

The Auditing Profession Act, 2005 (Act No. 26 of 2005), has been updated with the Adoption of the International Auditing and Assurance Standards Board's (IAASB) 2022 Handbook of International Quality Management, Auditing, Review, other Assurance, and related services pronouncements in terms of the Act, as amended, as per Board Notice 509 of GG49720, dated 17 November 2023.

The Auditing Profession Act, 2005 (Act No. 26 of 2005), has been updated with Rules on Enhanced Auditor Reporting for the Audit of Financial Statements of Public Interest Entities, as per Board Notice 475 of GG49309, dated 15 September 2023.

The Financial Matters Amendment Act 2023 (No. 9 of 2023) has updated and made Amendments to:

Military Pensions Act 1976;

Government Employees Pension Law 1996;

Land & Agricultural Development Bank Act 2002; and

Auditing Professions Act 2005 - Effective 14 July 2023 per Notice No. 3683 of GG48962 -

as per Notice No. 3651 of GG48917, dated 7 July 2023.

The Auditing Profession Amendment Act 2021 (Act No. 5 of 2021) has updated and made Amendments to:

Auditing Profession Act, 2005,

as per Notice No. 228 of GG44493, dated 26 April 2021

The Auditing Profession Act, 2005 (Act No. 26 of 2005), has been updated with Maximum monetary fines in terms of the Auditing Profession Act 2005, as per Notice No. 3549 of GG48790 dated 15 June 2023.

The Auditing Profession Act, 2005 (Act No. 26 of 2005), has been updated with Fees on Assurance Engagements payable to the IRBA with effect from 1 June 2023, as per Board Notice 448 of GG48758 dated 9 June 2023.

The Auditing Profession Act, 2005 (Act No. 26 of 2005), has been updated with Policy and Procedures relating to Continuing Education, Training and Professional Development prescribed in terms of Section 7(1)(C) of the Act, as per Board Notice 427 of GG48356 dated 31 March 2023.

The Auditing Profession Act, 2005 (Act No. 26 of 2005), has been updated with Fees Payable to the IRBA with effect from 1 April 2023, as per Board Notice 405 of GG48221 dated 17 March 2023.

The Auditing Profession Act, 2005 (Act No. 26 of 2005), has been updated with the Replacement of Board Notice 291 of 10 June 2022 and new Assurance Fees Payable to the IRBA with effect from 10 June 2022, as per Board Notice 300 of GG46593 dated 10 June 2022.

The Auditing Profession Act, 2005 (Act No. 26 of 2005), has been updated with Assurance Fees Payable to the IRBA with effect from 10 June 2022, as per Board Notice 291 of GG46522 dated 10 June 2022.

The Auditing Profession Act, 2005 (Act No. 26 of 2005), has been updated with Fees payable to the IRBA with effect from 1 April 2022, as per Board Notice 222 of GG46000 dated 4 March 2022.

The Auditing Profession Act, 2005 (Act No. 26 of 2005), has been updated with Amendments to the Code of Professional Conduct for Registered Auditors, as per Board Notice 207 of GG45930 dated 18 February 2022.

The Auditing Profession Act, 2005 (Act No. 26 of 2005) has been updated with the Adoption of International Quality Control, Auditing, Review, Other Assurance, and related services Pronouncements Handbooks in terms of the Act, as per Board Notice 146 of GG45500 dated 19 November 2021.

The Auditing Profession Act, 2005 (Act No. 26 of 2005) has been updated by the publication of Regulatory Strategy for Independent Regulatory Board of Auditors, as per Notice No. 1435 of GG45389 dated 27 October 2021.

The Auditing Profession Act, 2005 (Act No. 26 of 2005) has been updated by the publication of Revisions of the Code addressing the Objectivity of an Engagement Quality Reviewer and Other Appropriate Reviewers, as per Board Notice No. 112 of GG 45099 dated 3 September 2021.

The Auditing Profession Act, 2005 (Act No. 26 of 2005) has been updated by the publication of Fees payable from 1 April 2021, as per Board Notice No. 67 of GG 44788 dated 30 June 2021.

The Auditing Profession Act, 2005 (Act No. 26 of 2005) has been updated by the publication of Amendments to the Code of Professional Conduct for Registered Auditors to promote the role and mindset expected of Registered Auditors and the use of Electronic Signatures when signing Audit or other Assurances Reports, as per Board Notice No. 25 of GG 44455 dated 23 April 2021.

The Auditing Profession Act, 2005 (Act No. 26 of 2005) has been updated to publication of Fees payable to the IRBA with effect from 1 April 2021, as per Board Notice No. 13 of GG 44257 dated 12 March 2021.

The Auditing Profession Act, 2005 (Act No. 26 of 2005) has been updated by an amendment to Part 4B of the Professional Conduct for Registered Auditors to reflect terms and concepts used in international Standard on Assurance Engagements 3000 (Revised) as per Board Notice No. 141 of GG 43962 dated 4 December 2020.

The Auditing Profession Act, 2005 (Act No. 26 of 2005) has been updated by Board Notices, Independent Regulatory Board for Auditors (IRBA), Fees Payable to the IRBA with effect from 1 April 2020 as per Board Notice No. 47 of GG 43110 dated 20 May 2020.

The Auditing Profession Act, 2005 (Act No. 26 of 2005) has been updated by the publication of Amendments to the Code of Conduct of Professional Conduct for Registered Auditors, as per Board Notice No. 171 of GG 42037 dated 16 November 2018.

The Auditing Profession Act, 2005 (Act No. 26 of 2005) has been updated by Board Notices, Independent Regulatory Board for Auditors (IRBA), Fees Payable to the IRBA with effect from 1 April 2018 as per Board Notice No. 86 of GG 41722 dated 22 June 2018.

The Auditing Profession Act, 2005 (Act No. 26 of 2005) has been amended by Board Notice No. 25, Government Gazette 28406, dated 11 March 2016.

The Auditing Profession Act, 2005 (Act No. 26 of 2005) has been amended by Auditing Profession Amendment Act, 2015 (Act No. 2 of 2015), Notice No. 529, Government Gazette 38889, dated 17 June 2015.

The Auditing Profession Act, 2005 (Act No. 26 of 2005) has been amended by Board Notice No. 89, Government Gazette 33305, dated 18 June 2010.

The Auditing Profession Act, 2005 (Act No. 26 of 2005) has been amended by Public Practice Examination (PPE) – New Examination Regulations by the Independent Regulatory Board for Auditors (IRBA), Board Notice No. 93, Government Gazette 32481, dated 7 August 2009.

The Auditing Profession Act, No. 26 of 2005 has been added to the site, being Notice No. 32 in Government Gazette No. 28406 dated 16 January 2006.