The IRBA Code (Revised April 2023) and the Rules
Section 21 of the Auditing Profession Act No. 26 of 2005, as amended, provides for the establishment of a Committee for Auditor Ethics (CFAE). The IRBA’s Standards Department performs the Secretariat function for the CFAE. In turn, the CFAE assists the IRBA to determine what constitutes improper conduct by registered auditors and registered candidate auditors by developing Rules and guidelines for professional ethics, including a Code of Professional Conduct.
The IRBA Rules Regarding Improper Conduct to be followed and applied by Registered Auditors are available here.
This section contains the IRBA Code of Professional Conduct for Registered Auditors (Revised April 2023) (IRBA Code). This IRBA Code applies to all registered auditors (firms and individuals), regardless of whether their status is recorded in the IRBA's register as assurance or non-assurance.
| Title | Date issued | Effective date | Download document |
|---|---|---|---|
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The IRBA Code of Professional Conduct for Registered Auditors (Revised April 2023) |
15 May 2023 | ||
| This IRBA Code is read and applied together with the following subsequent amendments according to their respective effective dates: | |||
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Final Pronouncement: Definition of Engagement Teams and Group Audits |
08 June 2023 | The changes to Section 400 relating to the revision to the definition of engagement team and the new provisions in Section 405 relating to group audits (Chapter 1) will be effective for audits and reviews of the financial statements and audits of group financial statements for periods beginning on or after 15 December 2023.
Subject to conforming and transitional provisions. |
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Revisions to Listed Entity and Public Interest Entity Definitions |
9 November 2023 | The Revisions to Listed Entity and Public Interest Entity Definitions in the IRBA Code (Revised April 2023) are effective for audits of financial statements for periods beginning on or after 15 December 2024. Early adoption is permitted. | |
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Final Pronouncement: Technology-related Revisions |
13 November 2023 |
Early adoption will be permitted. |
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