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

Chapter III : Accreditation and Registration

Part 1 : Accreditation of professional bodies

33. Requirements for accreditation

Purchase cart Previous page Return to chapter overview Next page

 

In order to qualify for accreditation, a professional body must demonstrate, to the satisfaction of the Regulatory Board that—

(a)it complies with the prescribed requirements for professional development and achievement of professional competence;
(b)it has appropriate mechanisms for ensuring that its members participate in continuing professional development as recognised or prescribed by the Regulatory Board;
(c)it has mechanisms to ensure that its members are disciplined where appropriate;
(d)it is, and is likely to continue to be, financially and operationally viable for the foreseeable future;
(e)it keeps a register of its members in the form prescribed by the Regulatory Board;
(f)it has in place appropriate programmes and structures to ensure that it is actively endeavouring to achieve the objective of being representative of all sectors of the South African population; and
(g)it meets any other requirement prescribed by the Regulatory Board from time to time.