Auditing Profession Act, 2005 (Act No. 26 of 2005)Chapter II : Independent Regulatory Board for AuditorsPart 4 : Governance of Regulatory Board14. Chairperson and deputy chairperson |
| (1) |
| (a) | The Regulatory Board must elect a chairperson and a deputy chairperson from among its members. |
| (b) | The chairperson and deputy chairperson each hold office for a period of three years from the date of their appointment. |
[Section 14(1)(b) substituted by section 5 of the Auditing Profession Amendment Act, 2021 (Act No. 5 of 2021), Notice No. 228 of GG44493, dated 26 April 2021]
| (2) | If the chairperson is absent or for any reason unable to perform his or her functions as chairperson, the deputy chairperson must act as chairperson, and while he or she so acts he or she has all the powers and must perform all the duties of the chairperson. |
| (3) | If both the chairperson and deputy chairperson are absent or for any reason unable to preside at a Regulatory Board meeting, the members present must elect another member to act as chairperson at that meeting and while he or she so acts has all the powers and must perform all the duties of the chairperson. |