Auditing Profession Act, 2005 (Act No. 26 of 2005)Chapter VII : General Matters58. Repeal and amendment of laws |
| (1) | Subject to section 60, the laws mentioned in the Schedule are hereby repealed to the extent set out in the third column of that Schedule. |
| (2) | With effect from the date on which this Act comes into force, and in respect of damages suffered by any person as a result of an act or omission of a registered auditor committed on or after that date, the reference in section I of the Apportionment of Damages Act, 1956 (Act No. 34 of 1956), to "damage" must be construed as a reference also to damage caused by a breach, by the registered auditor, of a term of a contract concluded with the registered auditor. |