IRBA Tables 2024/2025 Annual Report

Posted 06 November 2025 Written by Acts Online
Category Financial and Accounting

Brought to you by SA Accounting Academy: The Independent Regulatory Board for Auditors (IRBA) has formally submitted its Annual Report for the 2024/2025 financial year to Parliament, detailing the conclusion of its five-year strategic cycle.

In terms of the Auditing Profession Act, No. 26 of 2005, the Independent Regulatory Board for Auditors (IRBA) has tabled its Annual Report for the 2024/2025 financial year before the Standing Committee of Finance. The report signifies the end of the regulator’s current five-year strategic framework and outlines the transition into a new strategic period for the auditing profession in South Africa.

The report confirms that the IRBA received a clean audit opinion from the Auditor-General of South Africa (AGSA) for the fourth consecutive year. Key regulatory focus areas documented in the report include:

  • Progress in restoring stakeholder trust through enhanced oversight effectiveness;
  • Improvements in transparency within the auditing profession;
  • The conclusion of the 2020—2025 strategic cycle; and
  • The implementation of more rigorous enforcement and monitoring mechanisms.

The 104-page document provides a comprehensive overview of the regulator’s performance against its statutory mandates and its financial position at the close of the 2024/2025 cycle.

Click here to download the IRBA Annual Report 2025.

What this means for you, your business, or your clients

  • For yourself: Registered Auditors (RAs) must review the report’s findings on enforcement and oversight to ensure their professional conduct aligns with the regulator’s current disciplinary and quality monitoring trends.
  • For your business: Audit firms should assess the IRBA’s strategic priorities for the next cycle to update internal compliance frameworks and quality management systems in line with anticipated regulatory shifts.
  • For your clients: Clients of audit firms can take assurance from the IRBA’s clean audit status and its continued focus on strengthening the reliability of the auditing profession through stricter oversight.

Originally published at https://accountingacademy.co.za/news/read/irba-annual-report-2025

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