New Firm and Engagement Quality Management Standards - towards restoring confidence and enhancing audit quality.
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IRBA completed its investigation process on all SAA complaints between 2017 and 2019.
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Extension of the public comment period for the Proposed Disciplinary Rules for Registered Auditors.
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Impact on auditor ethics and independence in an uncertain environment.
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The Independent Regulatory Board for Auditors (IRBA) has received a favourable judgement with costs in the matter of East Rand Member District of Chartered Accountants (ERD) vs the IRBA.
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Draft proposed Disciplinary Rules for Registered Auditors open for public comment.
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New Proposed International Standard for Less Complex Entities.
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At June 2020, 25 percent of JSE-listed entities had rotated audit firms - driven by early adoption of compliance to the Mandatory Audit Firm Rotation (MAFR) - this has now almost doubled to 48 percent of entities having rotated - or issued notice of intent to rotate - at least once as at end August 2021.
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Acting CEO of the Independent Regulatory Board for Auditors, Imre Nagy, recently addressed the Association for Certified Fraud Examiners' (ACFE) 14th annual conference on the Fraud Expectation Gap versus the Audit Expectation.
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IRBA to refer non-audit complaints to professional bodies.
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IRBA guide on the implementation of search and seizure provisions published for comment.
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IRBA heeds stakeholder calls and opens consultation on Enhancing Disclosures in Audit Reports.
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Amended Act Strengthens IRBA's Investigation and Disciplinary Powers.
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IRBA re-elected to the IFIAR Board for another four-year term.
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IRBA approves IAASB revised suite of quality management standards for early adoption
Strengthening the foundation of audit quality.
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Refocussed IRBA strategy aims to enhance audit quality and address gaps.
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IRBA's Second AQI Report outlines actionable recommendations for audit quality.
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IRBA announces Acting Director: Inspections.
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Early adopters on the JSE drive MAFR up to 43%.
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Call for nominations to serve on the Board.
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IRBA updates the market on governance steps taken by Caretaker Board.
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Archives
| December 06, 2021 |
IRBA successfully defends challenge to MAFR by East Rand Member District of Chartered Accountants |
| November 22, 2021 |
IRBA opens draft proposed Disciplinary Rules for Registered Auditors for public comment |
| November 11, 2021 |
New Proposed International Standard for Less Complex Entities |
| October 11, 2021 |
48% of JSE Listed entities have rotated at least once since June 2017 - Covid does not appear to have an impact on the pace of rotations |
| October 08, 2021 |
Fraud and the role of auditors - what more can be done to detect fraud risk? |
| August 13, 2021 |
IRBA to refer non-audit complaints to professional bodies |
| August 13, 2021 |
IRBA guide on the implementation of search and seizure provisions published for comment |
| July 19, 2021 |
IRBA heeds stakeholder calls and opens consultation on Enhancing Disclosures in Audit Reports |
| May 02, 2021 |
Amended Act Strengthens IRBA's Investigation and Disciplinary Powers |
| April 29, 2021 |
IRBA RE-ELECTED TO THE IFIAR BOARD FOR ANOTHER FOUR-YEAR TERM |
| March 18, 2021 |
IRBA approves IAASB revised suite of quality management standards for early adoption Strengthening the foundation of audit quality |
| March 16, 2021 |
Refocussed IRBA strategy aims to enhance audit quality and address gaps |
| March 09, 2021 |
IRBA's Second AQI Report outlines actionable recommendations for audit quality |
| March 08, 2021 |
IRBA announces Acting Director: Inspections |
| March 07, 2021 |
Early adopters on the JSE drive MAFR up to 43% |
| March 01, 2021 |
Irba introduces acting CEO |
| February 25, 2021 |
Caretaker Board at Irba issues call for nominations to serve on the Board |
| February 16, 2021 |
IRBA updates the market on governance steps taken by Caretaker Board |
| December 11, 2020 |
IRBA expresses disappointment at soft sanction against Deloitte auditor |
| November 12, 2020 |
IRBA Mourns the death of Auditor General Kimi Makwetu |
| July 16, 2020 |
IRBA confirms investigation into auditors of EOH |
| June 30, 2020 |
Auditors' duty to report RIs on non-compliance with EAAB regulatory deadline of 30 June 2020 |
| June 21, 2020 |
25% of JSE-listed entities have rotated audit firms ahead of 2023 MAFR deadline |
| May 29, 2020 |
African Bank / Deloitte final arguments will proceed in June |
| May 14, 2020 |
IRBA draws attention to the Key Audit Matters in auditor's reports as it relates to COVID-19 |
| May 05, 2020 |
African Bank Deloitte final arguments set for June |
| April 28, 2020 |
IRBA Board appoints Jenitha John as new CEO |
| April 20, 2020 |
A Fine Balancing Act for Market Recovery By Bernard Agulhas, CEO of the Independent Regulatory Board for Auditors |
| March 25, 2020 |
IRBA shares guidance with auditors on the implications of COVID-19 on audits and auditors |
| March 24, 2020 |
Sharemax disciplinary hearing postponed to October 2020 |
| March 23, 2020 |
IRBA takes steps to assist government with containment of community transmissions |
| March 23, 2020 |
THE FEES PAYABLE TO THE IRBA WITH EFFECT FROM 1 APRIL 2020 |
| March 16, 2020 |
Sharemax hearing temporarily adjourns |
| March 02, 2020 |
Court rules on disclosure of documents in MAFR challenge |
| February 26, 2020 |
IRBA foresees audit reforms will regain confidence in profession if audit firms follow suit |
| December 02, 2019 |
IRBA launches Audit Quality Indicators: Evaluating audit quality and promoting transparency of audit firms |
| October 29, 2019 |
IRBA achieves a decade of clean audit opinions |
| October 09, 2019 |
Slight improvement in perception of auditing and accounting standards and shareholder governance |
| October 07, 2019 |
21 percent of JSE-listed companies have changed their auditors ahead of MAFR deadline |
| September 26, 2019 |
Hearing Dates on African Bank - hearing should conclude in December 2019 |
| July 01, 2019 |
Hearing Dates for Deloitte auditors on African Bank |
| April 01, 2019 |
17 percent of JSE-listed companies have rotated auditors ahead of MAFR |
| March 28, 2019 |
Linkway Trading auditor deregistered - ordered to contribute to costs |
| March 19, 2019 |
IRBA investigation into Steinhoff auditors will recommence once restated financials are released |
| February 19, 2019 |
IRBA inspections reveal recurring quality deficiency themes |
| February 15, 2019 |
IRBA concludes sanctions hearings on Gupta-linked Linkway auditor |
| February 07, 2019 |
NOTICE OF HEARING: Sanction hearing for former auditor of Linkway Trading |
| February 07, 2019 |
The IRBA welcomes the introduction of the Financial Matters Amendment Bill with APA Amendments |
| December 14, 2018 |
ANNUAL FEES PAYABLE TO THE IRBA WITH EFFECT FROM 1 APRIL 2019 |
| December 14, 2018 |
In the matter of African Bank Deloitte |
| November 07, 2018 |
IRBA responds regarding actions against auditors of VBS |
| September 12, 2018 |
AFIAAR adopts strategy for continental integration of accounting and auditing regulation |
| August 21, 2018 |
NOTICE OF HEARING |
| August 02, 2018 |
33% of all audit firm rotations since 2017 due to MAFR |
| July 31, 2018 |
IRBA issues notice of transparency reporting for audit firms |
| July 05, 2018 |
Hearing of evidence into conduct of auditor for Linkway Trading concludes |
| June 12, 2018 |
IRBA welcomes standard setting reform focused on greater independence and enhanced public interest focus |
| May 04, 2018 |
A few bad auditors have cost many good people their reputations IRBA takes steps to mitigate collateral damage |
| April 18, 2018 |
IRBA Act Amendments will strengthen oversight powers |
| April 13, 2018 |
IRBA CEO addresses Zimbabwe Accountants Conference (ZAC2018) on Ethics |
| March 02, 2018 |
1st AFIAAR meeting heralds new focus on independent accounting and auditing regulation in Africa |
| February 25, 2018 |
IRBA identifies lines of inquiry but requires restated financials for Steinhoff |
| February 08, 2018 |
IRBA deals firmly with crisis of confidence in accounting and auditing professions |
| February 02, 2018 |
IRBA Board trusts Agulhas to navigate current audit landscape |
| January 12, 2018 |
Update on IRBA investigations into KPMG |
| December 15, 2017 |
IRBA confirms investigation into conduct of Steinhoff auditors |
| December 14, 2017 |
IRBA beefs up sanctions and will pursue amendments to the Act |
| December 07, 2017 |
Accounting irregularities do not necessarily indicate an audit failure |
| September 27, 2017 |
Drop in SA WEF ranking is regrettable but expected |
| September 20, 2017 |
SAICA has no legal mandate to lead independent inquiries |
| September 17, 2017 |
KPMG Matter |
| September 10, 2017 |
IRBA welcomes international boards' drive to focus on professional scepticism |
| September 07, 2017 |
SHAREHOLDERS ARE HAVING THEIR SAY ON AUDITOR APPOINTMENTS |
| August 18, 2017 |
The Independent Regulatory Board for Auditors appoints its new chairman |
| June 30, 2017 |
Audit regulator launches probe into KPMG audits of Linkway Trading |
| June 21, 2017 |
IRBA says additional measures required to promote transformation of audit profession |
| June 06, 2017 |
MAFR: FREQUENTLY ASKED QUESTIONS |
| June 02, 2017 |
MAFR gazetted to enhance auditor independence and protect public interest |
| March 16, 2017 |
IRBA Inspections Report shows decline in audit quality |
| March 14, 2017 |
Real empowerment remains an evasive ideal |
| February 18, 2017 |
IRBA TURNS ITS ATTENTION TO PROMOTING MEASURABILITY AND TRANSPARENCY IN AUDIT |
| February 07, 2017 |
Audit Regulator welcomes public hearing into audit firm rotation |
| February 02, 2017 |
Board Appointments by the Finance Minister to the Independent Regulatory Board for Auditors |
| January 20, 2017 |
IRBA Comment process yields solid engagement |
