The International Auditing and Assurance Standards Board (IAASB) on 15 July 2010 released an exposure draft on a proposed revised standard that addresses the external auditor's responsibilities relating to using internal auditors' work during an audit.
IAASB Proposes New Standard to Strengthen Reporting on Pro Forma Financial Information in Prospectuses – ISAE 3420
In terms of section 11 of the Auditing Profession Act, Act 26 of 2005, the Minister of Finance must appoint not more than 10 executive members to the Independent Regulatory Board for Auditors (IRBA).
IRBA issues revised Rules Regarding Improper Conduct and Code of Professional Conduct for Registered Auditors
Page 1 of 5