Auditing Profession Act, 2005 (Act No. 26 of 2005)

Chapter II : Independent Regulatory Board for Auditors

Part 5 : Committees of Regulatory Board

24B. Subcommittees of Regulatory Board

Purchase cart Previous page Return to chapter overview Next page

 

(1) The Regulatory Board—
(a) must establish an enforcement committee to deal with recommendations made by the investigating committee on matters investigated; and
(b) may establish other subcommittees to assist with the performance of its functions.

 

(2) The Regulatory Board must appoint the members of a subcommittee referred to in subsection (1) from among its members.

 

(3) The enforcement committee must include—
(a) a person with at least 10 years’ experience in auditing who was formerly registered as an auditor; and
(b) an advocate or attorney with at least 10 years’ experience in practising law.

 

[Section 24B inserted by section 9 of the Auditing Profession Amendment Act, 2021 (Act No. 5 of 2021), Notice No. 228 of GG44493, dated 26 April 2021]